Argo Group (NASDAQ:ARGO) – Analysts at Boenning Scattergood issued their Q1 2020 earnings estimates for Argo Group in a report issued on Monday, March 9th. Boenning Scattergood analyst R. Farnam expects that the company will earn $0.76 per share for the quarter. Boenning Scattergood also issued estimates for Argo Group’s Q2 2020 earnings at $0.50 EPS, Q3 2020 earnings at $0.40 EPS, Q4 2020 earnings at $0.58 EPS, FY2020 earnings at $2.25 EPS, Q1 2021 earnings at $1.11 EPS, Q2 2021 earnings at $0.88 EPS, Q3 2021 earnings at $0.72 EPS, Q4 2021 earnings at $0.80 EPS and FY2021 earnings at $3.50 EPS.
Argo Group (NASDAQ:ARGO) last released its quarterly earnings results on Monday, February 24th. The company reported ($2.15) EPS for the quarter, meeting analysts’ consensus estimates of ($2.15). The firm had revenue of $462.80 million for the quarter, compared to analysts’ expectations of $478.97 million.
A number of other research firms have also commented on ARGO. Zacks Investment Research lowered shares of Argo Group from a “hold” rating to a “strong sell” rating in a research report on Monday, February 17th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $74.00 target price on shares of Argo Group in a research report on Tuesday, December 24th. TheStreet lowered shares of Argo Group from a “b-” rating to a “c” rating in a research report on Monday, February 24th. Finally, BidaskClub lowered shares of Argo Group from a “sell” rating to a “strong sell” rating in a research report on Friday, March 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Argo Group has an average rating of “Hold” and an average target price of $74.04.
ARGO opened at $35.80 on Thursday. The company has a fifty day moving average price of $60.57 and a 200-day moving average price of $64.92. Argo Group has a one year low of $32.63 and a one year high of $78.57.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.24 annualized dividend and a yield of 3.46%.
A number of institutional investors have recently bought and sold shares of the business. Champlain Investment Partners LLC lifted its stake in Argo Group by 26.6% in the fourth quarter. Champlain Investment Partners LLC now owns 1,872,583 shares of the company’s stock worth $123,122,000 after purchasing an additional 392,960 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Argo Group by 21.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,308,869 shares of the company’s stock worth $86,058,000 after purchasing an additional 233,818 shares during the last quarter. State Street Corp lifted its stake in Argo Group by 0.6% in the fourth quarter. State Street Corp now owns 811,157 shares of the company’s stock worth $53,334,000 after purchasing an additional 4,661 shares during the last quarter. Norges Bank bought a new stake in Argo Group in the fourth quarter worth $51,222,000. Finally, First Trust Advisors LP lifted its stake in Argo Group by 6,534.5% in the fourth quarter. First Trust Advisors LP now owns 753,079 shares of the company’s stock worth $49,515,000 after purchasing an additional 741,728 shares during the last quarter.
About Argo Group
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.