News coverage about Argo Group International Holdings (NASDAQ:AGII) has been trending positive on Saturday, according to Alpha One. The research group, a service of Accern, identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Argo Group International Holdings earned a coverage optimism score of 0.49 on Alpha One’s scale. Alpha One also assigned media stories about the insurance provider an impact score of 33 out of 100, indicating that recent media coverage is unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected AlphaOne Sentiment Analysis’s rankings:
- Argo Group International Holdings, Ltd. (AGII) CFO Jay Stanley Bullock Sells 6,292 Shares (americanbankingnews.com)
- Mark E. Watson III Sells 6,503 Shares of Argo Group International Holdings, Ltd. (AGII) Stock (americanbankingnews.com)
- Insider Selling: Argo Group International Holdings, Ltd. (AGII) Insider Sells 3,500 Shares of Stock (americanbankingnews.com)
- Were Analysts Bearish Argo Group International Holdings, Ltd. (NASDAQ:AGII) This Week? (gizpress.com)
AGII has been the topic of several research reports. Zacks Investment Research raised Argo Group International Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Keefe, Bruyette & Woods set a $70.00 price objective on Argo Group International Holdings and gave the company a “hold” rating in a research report on Thursday, April 6th.
Argo Group International Holdings (AGII) traded down 0.49% during trading on Friday, hitting $60.90. 171,769 shares of the stock traded hands. Argo Group International Holdings has a 12 month low of $49.10 and a 12 month high of $69.03. The firm has a 50-day moving average price of $62.97 and a 200 day moving average price of $65.07. The firm has a market cap of $1.84 billion, a PE ratio of 12.05 and a beta of 0.82.
Argo Group International Holdings (NASDAQ:AGII) last issued its earnings results on Wednesday, May 3rd. The insurance provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.07. Argo Group International Holdings had a net margin of 9.53% and a return on equity of 6.07%. The business had revenue of $428.10 million during the quarter, compared to analysts’ expectations of $407.90 million. During the same quarter in the prior year, the business posted $0.98 EPS. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, equities analysts forecast that Argo Group International Holdings will post $3.88 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Stockholders of record on Monday, June 12th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Thursday, June 8th. Argo Group International Holdings’s payout ratio is 21.34%.
In related news, insider Kevin James Rehnberg sold 3,500 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $61.00, for a total value of $213,500.00. Following the completion of the sale, the insider now owns 33,193 shares in the company, valued at approximately $2,024,773. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jay Stanley Bullock sold 6,292 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $60.91, for a total transaction of $383,245.72. Following the completion of the sale, the chief financial officer now owns 86,115 shares of the company’s stock, valued at approximately $5,245,264.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,295 shares of company stock valued at $994,079. Company insiders own 5.79% of the company’s stock.
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.
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