Argo Group International Holdings, Ltd. (AGII) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Argo Group International Holdings, Ltd. (NASDAQ:AGII) from a hold rating to a sell rating in a research report report published on Wednesday.

According to Zacks, “PXRE Group Ltd. provides reinsurance products and services to a worldwide marketplace. They primarily emphasize commercial and personal property and casualty reinsurance risks, and offer both broker-based and direct-writing distribution capabilities. PXRE also provides marine and aerospace reinsurance products and services. “

A number of other research analysts also recently commented on the company. BidaskClub raised Argo Group International Holdings from a strong sell rating to a sell rating in a report on Saturday, August 19th. Keefe, Bruyette & Woods reissued a hold rating and issued a $70.00 price target on shares of Argo Group International Holdings in a report on Tuesday, July 4th.

Argo Group International Holdings (NASDAQ AGII) traded up 1.36% during midday trading on Wednesday, reaching $63.15. The company had a trading volume of 84,899 shares. The firm has a market capitalization of $1.90 billion, a PE ratio of 11.41 and a beta of 0.80. The firm’s 50-day moving average price is $60.83 and its 200 day moving average price is $61.99. Argo Group International Holdings has a 12 month low of $54.40 and a 12 month high of $69.03.

Argo Group International Holdings (NASDAQ:AGII) last issued its quarterly earnings results on Monday, August 7th. The insurance provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.25. The firm had revenue of $447.10 million during the quarter, compared to the consensus estimate of $412.90 million. Argo Group International Holdings had a return on equity of 6.39% and a net margin of 10.04%. Argo Group International Holdings’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.20 earnings per share. Equities analysts anticipate that Argo Group International Holdings will post $3.92 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Argo Group International Holdings, Ltd. (AGII) Downgraded by Zacks Investment Research” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/14/argo-group-international-holdings-ltd-agii-downgraded-by-zacks-investment-research.html.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Wednesday, August 30th. Argo Group International Holdings’s dividend payout ratio is presently 19.49%.

In other Argo Group International Holdings news, insider Mark E. Watson III sold 22,246 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $60.19, for a total transaction of $1,338,986.74. Following the transaction, the insider now owns 593,661 shares of the company’s stock, valued at approximately $35,732,455.59. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 4.86% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Argo Group International Holdings by 9,732.6% during the 1st quarter. BlackRock Inc. now owns 2,502,010 shares of the insurance provider’s stock worth $169,638,000 after buying an additional 2,476,564 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Argo Group International Holdings by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,332,774 shares of the insurance provider’s stock worth $141,367,000 after buying an additional 11,903 shares during the last quarter. State Street Corp lifted its holdings in Argo Group International Holdings by 6.3% during the 2nd quarter. State Street Corp now owns 748,556 shares of the insurance provider’s stock worth $45,360,000 after buying an additional 44,589 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Argo Group International Holdings by 3.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 511,032 shares of the insurance provider’s stock worth $30,969,000 after buying an additional 15,037 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Argo Group International Holdings by 3.9% during the 2nd quarter. Northern Trust Corp now owns 490,457 shares of the insurance provider’s stock worth $29,722,000 after buying an additional 18,421 shares during the last quarter. 87.09% of the stock is currently owned by institutional investors.

Argo Group International Holdings Company Profile

Argo Group International Holdings, Ltd. is an underwriter of specialty insurance and reinsurance products in the property and casualty market. The Company operates through four segments: Excess and Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. Excess and Surplus Lines segment carriers focus on risks that the standard (admitted) market is unwilling or unable to underwrite.

Get a free copy of the Zacks research report on Argo Group

According to Zacks, “PXRE Group Ltd. provides reinsurance products and services to a worldwide marketplace. They primarily emphasize commercial and personal property and casualty reinsurance risks, and offer both broker-based and direct-writing distribution capabilities. PXRE also provides marine and aerospace reinsurance products and services. “

A number of other research analysts also recently commented on the company. BidaskClub raised Argo Group International Holdings from a strong sell rating to a sell rating in a report on Saturday, August 19th. Keefe, Bruyette & Woods reissued a hold rating and issued a $70.00 price target on shares of Argo Group International Holdings in a report on Tuesday, July 4th.

Argo Group International Holdings (NASDAQ AGII) traded up 1.36% during midday trading on Wednesday, reaching $63.15. The company had a trading volume of 84,899 shares. The firm has a market capitalization of $1.90 billion, a PE ratio of 11.41 and a beta of 0.80. The firm’s 50-day moving average price is $60.83 and its 200 day moving average price is $61.99. Argo Group International Holdings has a 12 month low of $54.40 and a 12 month high of $69.03.

Argo Group International Holdings (NASDAQ:AGII) last issued its quarterly earnings results on Monday, August 7th. The insurance provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.25. The firm had revenue of $447.10 million during the quarter, compared to the consensus estimate of $412.90 million. Argo Group International Holdings had a return on equity of 6.39% and a net margin of 10.04%. Argo Group International Holdings’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.20 earnings per share. Equities analysts anticipate that Argo Group International Holdings will post $3.92 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Argo Group International Holdings, Ltd. (AGII) Downgraded by Zacks Investment Research” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/14/argo-group-international-holdings-ltd-agii-downgraded-by-zacks-investment-research.html.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Wednesday, August 30th. Argo Group International Holdings’s dividend payout ratio is presently 19.49%.

In other Argo Group International Holdings news, insider Mark E. Watson III sold 22,246 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $60.19, for a total transaction of $1,338,986.74. Following the transaction, the insider now owns 593,661 shares of the company’s stock, valued at approximately $35,732,455.59. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 4.86% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Argo Group International Holdings by 9,732.6% during the 1st quarter. BlackRock Inc. now owns 2,502,010 shares of the insurance provider’s stock worth $169,638,000 after buying an additional 2,476,564 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Argo Group International Holdings by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,332,774 shares of the insurance provider’s stock worth $141,367,000 after buying an additional 11,903 shares during the last quarter. State Street Corp lifted its holdings in Argo Group International Holdings by 6.3% during the 2nd quarter. State Street Corp now owns 748,556 shares of the insurance provider’s stock worth $45,360,000 after buying an additional 44,589 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Argo Group International Holdings by 3.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 511,032 shares of the insurance provider’s stock worth $30,969,000 after buying an additional 15,037 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Argo Group International Holdings by 3.9% during the 2nd quarter. Northern Trust Corp now owns 490,457 shares of the insurance provider’s stock worth $29,722,000 after buying an additional 18,421 shares during the last quarter. 87.09% of the stock is currently owned by institutional investors.

Argo Group International Holdings Company Profile

Argo Group International Holdings, Ltd. is an underwriter of specialty insurance and reinsurance products in the property and casualty market. The Company operates through four segments: Excess and Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. Excess and Surplus Lines segment carriers focus on risks that the standard (admitted) market is unwilling or unable to underwrite.

Get a free copy of the Zacks research report on Argo Group International Holdings (AGII)

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