News headlines about Argo Group International (NASDAQ:AGII) have been trending somewhat positive on Tuesday, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Argo Group International earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 45.8238339961169 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
AGII stock traded down $0.70 during mid-day trading on Tuesday, hitting $56.05. 179,801 shares of the stock traded hands, compared to its average volume of 183,372. The stock has a market cap of $1,900.93, a price-to-earnings ratio of 40.80 and a beta of 0.77. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.22. Argo Group International has a 1 year low of $49.69 and a 1 year high of $60.80.
Argo Group International (NASDAQ:AGII) last released its quarterly earnings results on Tuesday, February 13th. The insurance provider reported ($0.66) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.15). The firm had revenue of $441.60 million for the quarter. Argo Group International had a net margin of 2.84% and a negative return on equity of 0.80%. sell-side analysts forecast that Argo Group International will post 3.47 EPS for the current fiscal year.
A number of research analysts have weighed in on AGII shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $62.00 target price on shares of Argo Group International in a research note on Friday, February 23rd. BidaskClub raised shares of Argo Group International from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. ValuEngine raised shares of Argo Group International from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. Finally, Zacks Investment Research raised shares of Argo Group International from a “sell” rating to a “hold” rating in a research note on Friday, March 9th.
In other Argo Group International news, CEO Mark E. Watson III sold 8,800 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $59.74, for a total value of $525,712.00. Following the sale, the chief executive officer now owns 543,056 shares of the company’s stock, valued at $32,442,165.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark E. Watson III sold 4,917 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $59.40, for a total value of $292,069.80. Following the completion of the sale, the chief executive officer now directly owns 543,056 shares in the company, valued at approximately $32,257,526.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,544 shares of company stock worth $2,092,498. Corporate insiders own 4.86% of the company’s stock.
Argo Group International 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.
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