Argo Group International Holdings, Ltd. Plans Quarterly Dividend of $0.31 (NYSE:ARGO)

Argo Group International Holdings, Ltd. (NYSE:ARGO) announced a quarterly dividend on Tuesday, February 16th, Wall Street Journal reports. Investors of record on Friday, February 26th will be given a dividend of 0.31 per share on Friday, March 12th. This represents a $1.24 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, February 25th.

Argo Group International has increased its dividend by 14.8% over the last three years and has increased its dividend annually for the last 1 consecutive years. Argo Group International has a payout ratio of 42.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Argo Group International to earn $3.00 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 41.3%.

Argo Group International stock opened at $46.12 on Tuesday. Argo Group International has a 12-month low of $25.00 and a 12-month high of $63.29. The stock has a market cap of $1.60 billion, a P/E ratio of -9.92 and a beta of 0.90. The company has a 50-day moving average price of $43.85 and a 200 day moving average price of $41.82. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.23.

Argo Group International (NYSE:ARGO) last released its quarterly earnings data on Tuesday, February 16th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.39) by ($0.13). Argo Group International had a negative return on equity of 4.54% and a negative net margin of 8.49%. As a group, analysts forecast that Argo Group International will post 0.2 EPS for the current year.

A number of equities research analysts have weighed in on ARGO shares. Raymond James lifted their price target on shares of Argo Group International from $45.00 to $50.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 26th. Compass Point lifted their price target on shares of Argo Group International from $41.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, January 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.33.

Argo Group International Company Profile

Argo Group International Holdings, Ltd. underwrites specialty insurance and reinsurance products in the property and casualty markets. The company operates in two segments, U.S. Operations and International Operations. The U.S. Operations segment underwrites primary and excess specialty casualty, and commercial multi-peril, as well as contract, product, environmental, and auto liability products; and general, auto, management, errors and omissions, and public entity liability, as well as workers compensation, and surety and inland marine risks.

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Dividend History for Argo Group International (NYSE:ARGO)

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