NYSE:ARGO

Argo Group International (ARGO) Stock Forecast, Price & News

$29.84

+0.05 (+0.17%)

(As of 09/28/2023 ET)

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Today's Range: $29.79
▼
$29.85
50-Day Range: $29.65
▼
$29.84
52-Week Range: $19.00
▼
$30.13

Volume: 334,568 shs
Average Volume: 323,380 shs
Market Capitalization: $1.05 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $30.00

Argo Group International MarketRank™ Forecast

Analyst Rating: Reduce
1.50 Rating Score
Upside/Downside: 0.5% Upside
$30.00 Price Target
Short Interest: Healthy
4.26% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.49
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 1,200.00%
From $0.15 to $1.95 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.48 out of 5 stars

Finance Sector

823rd out of 863 stocks

Title Insurance Industry

6th out of 6 stocks

0.8

Analyst's Opinion

Consensus Rating
Argo Group International has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $30.00, Argo Group International has a forecasted upside of 0.5% from its current price of $29.84.
Amount of Analyst Coverage
Argo Group International has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
4.26% of the outstanding shares of Argo Group International have been sold short.
Short Interest Ratio / Days to Cover
Argo Group International has a short interest ratio ("days to cover") of 5.3.
Change versus previous month
Short interest in Argo Group International has recently decreased by 1.32%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Argo Group International does not currently pay a dividend.
Dividend Growth
Argo Group International does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ARGO.

3.0

News and Social Media Coverage

News Sentiment
Argo Group International has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Argo Group International this week, compared to 2 articles on an average week.
Search Interest
2 people have searched for ARGO on MarketBeat in the last 30 days.
MarketBeat Follows
2 people have added Argo Group International to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Argo Group International insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Argo Group International is held by insiders.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Argo Group International are expected to grow by 1,200.00% in the coming year, from $0.15 to $1.95 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Argo Group International is -5.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Argo Group International is -5.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Argo Group International has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Argo Group International (NYSE:ARGO) Stock

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. It offers primary and excess specialty casualty, general liability, commercial multi-peril, and workers compensation, as well as product, environmental, and auto liability insurance products; management liability, transaction liability, and errors and omissions liability insurance; primary and excess property, inland marine, and auto physical damage insurance; and surety, animal mortality, and ocean marine insurance products. The company also provides directors and officers liability, errors and omissions liability, and employment practices liability insurance; international casualty and motor treaties insurance; professional indemnity and medical malpractice insurance; direct and facultative excess insurance, North American and international binders, and residential collateral protection for lending institutions; and personal accident, aviation, cargo, yachts, and onshore and offshore marine insurance products. It markets its products through wholesale and retail agents, managing general agents, brokers, and third-party intermediaries. The company was founded in 1948 and is headquartered in Pembroke, Bermuda.

ARGO Price History

30 days | 90 days | 365 days | Advanced Chart

ARGO Stock News Headlines

September 27, 2023 | americanbankingnews.com

Argo Group International (NYSE:ARGO) Earns Hold Rating from Analysts at StockNews.com

September 23, 2023 | markets.businessinsider.com

Argo Group International Holdings LTDShs

September 29, 2023 | Weiss Ratings (Ad)

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August 21, 2023 | finance.yahoo.com

Greg Chilson to Serve as President of Argo Surety

August 17, 2023 | benzinga.com

CISO Global's Argo Edge Successfully Defends Against 127,000 Hacker Attacks At Las Vegas DEF CON Conference ($CISO)

August 8, 2023 | finanznachrichten.de

Argo Group Reports Second Quarter 2023 Results

August 7, 2023 | msn.com

Ambac Financial Group Non-GAAP EPS of $0.07 beats by $0.13, revenue of $62M beats by $6.98M

August 7, 2023 | msn.com

Argo Group International Non-GAAP EPS of -$0.02, Net written premiums of $348.9M misses by $0.35M

September 29, 2023 | Chaikin Analytics (Ad)

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August 7, 2023 | finance.yahoo.com

Argo Group (ARGO) Reports Q2 Loss, Tops Revenue Estimates

August 1, 2023 | seekingalpha.com

ARGO.PA

May 25, 2023 | msn.com

Argo Group to join hands with Trisura Group

May 8, 2023 | finance.yahoo.com

Argo Group (ARGO) Reports Q1 Loss, Misses Revenue Estimates

May 8, 2023 | msn.com

Argo Group International Non-GAAP EPS of -$0.31 misses by $1.24, revenue of $401.7M misses by $36.25M

May 8, 2023 | finance.yahoo.com

Argo Group Reports First Quarter 2023 Results

May 4, 2023 | msn.com

Scoot McNairy To ‘Speak No Evil’ For Blumhouse & Universal

May 4, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Financial Companies: Allstate (ALL), Rayonier (RYN) and Zillow Group Class C (Z)

May 2, 2023 | finance.yahoo.com

CCC Intelligent Solutions Holdings Inc. (CCCS) Matches Q1 Earnings Estimates

May 2, 2023 | finance.yahoo.com

CCC Intelligent Solutions Holdings Inc. (CCCS) Matches Q1 Earnings Estimates

April 27, 2023 | finance.yahoo.com

MidWestOne (MOFG) Lags Q1 Earnings and Revenue Estimates

April 20, 2023 | finance.yahoo.com

Argo Group Schedules First Quarter 2023 Earnings Release

April 19, 2023 | finance.yahoo.com

Argo Group Shareholders Approve Proposed Merger with Brookfield Reinsurance

April 2, 2023 | finance.yahoo.com

Argo Group Full Year 2022 Earnings: US$0.09 loss per share (vs US$0.008 profit in FY 2021)

March 21, 2023 | benzinga.com

ARGO Drives Customer Engagement Transformation for Financial Institutions

March 2, 2023 | msn.com

Raymond James Downgrades Argo Group International Holdings (ARGO)

February 28, 2023 | finance.yahoo.com

Argo Group (ARGO) Q4 Earnings and Revenues Miss, Down Y/Y

February 27, 2023 | finance.yahoo.com

Argo Group (ARGO) Reports Q4 Loss, Misses Revenue Estimates

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ARGO Company Calendar

Last Earnings: 8/07/2023
Today: 9/29/2023
Next Earnings (Estimated): 11/06/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Title insurance
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:ARGO
CUSIP: N/A
CIK: 1091748
Web: www.argolimited.com
Phone: (441) 296-5858
Fax: 441-296-6162
Employees: 1,224
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $30.00
High Stock Price Forecast: $30.00
Low Stock Price Forecast: $30.00
Forecasted Upside/Downside: +0.5%
Consensus Rating: Reduce
Rating Score (0-4): 1.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($5.71)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 198.93
P/E Growth: N/A
Net Income: $-175,200,000.00
Net Margins: -11.90%
Pretax Margin: -14.87%
Return on Equity: -7.65%
Return on Assets: -0.94%

Debt

Debt-to-Equity Ratio: 0.37
Current Ratio: 0.66
Quick Ratio: 0.66

Sales & Book Value

Annual Sales: $1.75 billion
Price / Sales: 0.60
Cash Flow: $0.39 per share
Price / Cash Flow: 75.60
Book Value: $31.06 per share
Price / Book: 0.96

Miscellaneous

Outstanding Shares: 35,200,000
Free Float: 34,846,000
Market Cap: $1.05 billion
Optionable: Not Optionable
Beta: 1.00

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Key Executives

Mr. Thomas A. Bradley (Age 66)
CEO & Exec. Chairman
Comp: $2.37M

Mr. Scott Kirk (Age 49)
Chief Financial Officer
Comp: $2.29M

Ms. Susan Beth Comparato (Age 54)
Chief Admin. Officer
Comp: $1.47M

Ms. Allison D. Kiene R.Ph. ESQ. (Age 56)
Gen. Counsel & Sec.
Comp: $2.14M

Ms. Jessica Elizabeth Snyder CPA (Age 51)
Pres of U.S. Insurance
Comp: $1.38M

Mr. Mark H. Rose
Chief Investment Officer

David Chan
Chief Accounting Officer

Gregory Charpentier
AVP of Investor Relations & Corp. Fin.

Andrew Hersom
Head of Investor Relations

Mr. David Snowden
Sr. VP of Group Communications

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

ARGO Stock - Frequently Asked Questions

Should I buy or sell Argo Group International stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Argo Group International in the last twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" ARGO shares.
View ARGO analyst ratings or view top-rated stocks.
What is Argo Group International's stock price forecast for 2023?: 2 Wall Street analysts have issued 1 year price objectives for Argo Group International's shares. Their ARGO share price forecasts range from $30.00 to $30.00. On average, they expect the company's share price to reach $30.00 in the next year. This suggests a possible upside of 0.5% from the stock's current price.
View analysts price targets for ARGO or view top-rated stocks among Wall Street analysts.
How have ARGO shares performed in 2023?: Argo Group International's stock was trading at $25.85 at the start of the year. Since then, ARGO shares have increased by 15.4% and is now trading at $29.84.
View the best growth stocks for 2023 here.
Are investors shorting Argo Group International?: Argo Group International saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,520,000 shares, a drop of 13.1% from the August 15th total of 1,750,000 shares. Based on an average daily trading volume, of 269,600 shares, the short-interest ratio is currently 5.6 days.
View Argo Group International's Short Interest.
When is Argo Group International's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our ARGO earnings forecast.
How were Argo Group International's earnings last quarter?: Argo Group International Holdings, Ltd. (NYSE:ARGO) announced its quarterly earnings data on Monday, August, 7th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.40 by $0.42. The company earned $362.70 million during the quarter, compared to the consensus estimate of $348.80 million. Argo Group International had a negative net margin of 11.90% and a negative trailing twelve-month return on equity of 7.65%.
How often does Argo Group International pay dividends? What is the dividend yield for Argo Group International?: Argo Group International announced a quarterly dividend on Friday, November 4th. Shareholders of record on Wednesday, November 30th will be given a dividend of $0.31 per share on Thursday, December 15th. This represents a $1.24 annualized dividend and a yield of 4.16%. The ex-dividend date is Tuesday, November 29th.
Read our dividend analysis for ARGO.

What ETFs hold Argo Group International's stock?: ETFs with the largest weight of Argo Group International (NYSE:ARGO) stock in their portfolio include First Trust Merger Arbitrage ETF (MARB).iShares U.S. Insurance ETF (IAK).
What is Kevin Rehnberg's approval rating as Argo Group International's CEO?: 19 employees have rated Argo Group International Chief Executive Officer Kevin Rehnberg on Glassdoor.com. Kevin Rehnberg has an approval rating of 91% among the company's employees. This puts Kevin Rehnberg in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What is Argo Group International's stock symbol?: Argo Group International trades on the New York Stock Exchange (NYSE) under the ticker symbol "ARGO."
How do I buy shares of Argo Group International?: Shares of ARGO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Argo Group International's stock price today?: One share of ARGO stock can currently be purchased for approximately $29.84.
How much money does Argo Group International make?: Argo Group International (NYSE:ARGO) has a market capitalization of $1.05 billion and generates $1.75 billion in revenue each year. The company earns $-175,200,000.00 in net income (profit) each year or ($5.71) on an earnings per share basis.
How many employees does Argo Group International have?: The company employs 1,224 workers across the globe.
How can I contact Argo Group International?: Argo Group International's mailing address is 110 PITTS BAY ROAD, PEMBROKE D0, HM 08. The official website for the company is www.argolimited.com. The company can be reached via phone at (441) 296-5858, via email at ir@argolimited.com, or via fax at 441-296-6162.

This page (NYSE:ARGO) was last updated on 9/29/2023 by MarketBeat.com Staff

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