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.
Analysts Set New Price Targets
ARGO has been the subject of a number of research analyst reports. Raymond James downgraded shares of Argo Group International from an "outperform" rating to a "market perform" rating in a research report on Wednesday. Compass Point cut Argo Group International from a "buy" rating to a "neutral" rating and set a $35.00 price objective on the stock. in a research report on Tuesday, August 9th.
Argo Group International Stock Up 0.7 %
Shares of ARGO Stock opened at $22.24 on Friday. The company has a market capitalization of $777.47 million, a price-to-earnings ratio of 8.27 and a beta of 0.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.54 and a quick ratio of 0.54. The company's fifty day moving average price is $35.01 and its 200-day moving average price is $40.05. Argo Group International has a one year low of $21.51 and a one year high of $61.29.
Argo Group International (NYSE:ARGO - Get Rating) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $1.12 by ($0.23). Argo Group International had a net margin of 4.95% and a return on equity of 5.40%. During the same period in the prior year, the firm earned $1.60 EPS. Sell-side analysts expect that Argo Group International will post 3.92 EPS for the current fiscal year.
Argo Group International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $1.24 dividend on an annualized basis and a yield of 5.58%. Argo Group International's dividend payout ratio is presently 46.10%.