Argo Group (NASDAQ:ARGO) Expected to Announce Earnings of $0.87 Per Share

Brokerages expect Argo Group (NASDAQ:ARGO) to report $0.87 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Argo Group’s earnings. The lowest EPS estimate is $0.81 and the highest is $0.94. Argo Group posted earnings of $0.68 per share during the same quarter last year, which indicates a positive year over year growth rate of 27.9%. The firm is scheduled to report its next earnings report on Monday, November 4th.

On average, analysts expect that Argo Group will report full-year earnings of $3.52 per share for the current fiscal year, with EPS estimates ranging from $3.50 to $3.55. For the next year, analysts anticipate that the company will report earnings of $4.58 per share, with EPS estimates ranging from $4.50 to $4.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Argo Group.

Argo Group (NASDAQ:ARGO) last posted its earnings results on Monday, August 5th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.23. The company had revenue of $476.60 million during the quarter, compared to the consensus estimate of $478.43 million.



A number of equities research analysts have commented on the stock. William Blair downgraded shares of Argo Group from an “outperform” rating to a “market perform” rating and set a $74.12 target price for the company. in a research report on Friday, April 26th. Zacks Investment Research raised shares of Argo Group from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Argo Group in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $73.24.

In other news, insider Kevin James Rehnberg sold 6,442 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $71.08, for a total transaction of $457,897.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathleen Nealon sold 1,210 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $73.10, for a total transaction of $88,451.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,275 shares of company stock valued at $1,551,241.

Several hedge funds have recently modified their holdings of ARGO. Dimensional Fund Advisors LP purchased a new position in shares of Argo Group during the 4th quarter valued at $190,291,000. Champlain Investment Partners LLC lifted its stake in shares of Argo Group by 1.8% during the 1st quarter. Champlain Investment Partners LLC now owns 1,580,413 shares of the company’s stock valued at $111,672,000 after buying an additional 27,850 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of Argo Group by 2.1% during the 1st quarter. Frontier Capital Management Co. LLC now owns 1,397,552 shares of the company’s stock valued at $98,751,000 after buying an additional 28,560 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Argo Group by 16.5% during the 2nd quarter. Janus Henderson Group PLC now owns 1,050,105 shares of the company’s stock valued at $77,760,000 after buying an additional 148,719 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Argo Group by 162.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 909,947 shares of the company’s stock valued at $67,382,000 after buying an additional 563,338 shares in the last quarter.

NASDAQ:ARGO traded down $0.91 during trading hours on Friday, reaching $66.25. The company had a trading volume of 1,237 shares, compared to its average volume of 130,547. Argo Group has a 52 week low of $58.42 and a 52 week high of $78.57. The firm’s 50 day moving average price is $70.08 and its 200-day moving average price is $71.34.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, August 29th.

Argo Group Company Profile

Argo Group International Holdings Ltd. engages in underwriting property and casualty insurance and reinsurance. The company operates through following segments: Property, Liability, Professional and Specialty. The Property segment includes both property insurance and reinsurance products. The Liability segment includes a broad range of primary and excess casualty products.

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Earnings History and Estimates for Argo Group (NASDAQ:ARGO)

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