Argo Group International Holdings, Ltd. (NYSE:ARGO) to Post FY2021 Earnings of $3.80 Per Share, Boenning Scattergood Forecasts

Argo Group International Holdings, Ltd. (NYSE:ARGO) – Investment analysts at Boenning Scattergood lifted their FY2021 earnings per share (EPS) estimates for shares of Argo Group International in a report released on Monday, November 22nd. Boenning Scattergood analyst R. Farnam now anticipates that the company will post earnings per share of $3.80 for the year, up from their previous estimate of $2.70. Boenning Scattergood also issued estimates for Argo Group International’s Q1 2022 earnings at $1.12 EPS.

Argo Group International (NYSE:ARGO) last announced its quarterly earnings data on Tuesday, November 2nd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.98. 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 company earned ($0.34) earnings per share.

ARGO has been the topic of a number of other reports. Raymond James boosted their price objective on shares of Argo Group International from $65.00 to $70.00 and gave the company a “strong-buy” rating in a report on Thursday, November 4th. Zacks Investment Research downgraded shares of Argo Group International from a “buy” rating to a “hold” rating in a research report on Tuesday. TheStreet raised shares of Argo Group International from a “c” rating to a “b-” rating in a research note on Monday, August 2nd. Finally, Morgan Stanley raised shares of Argo Group International from an “equal weight” rating to an “overweight” rating and set a $12.00 price objective for the company in a research note on Monday, October 18th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $43.85.

Shares of ARGO stock opened at $59.28 on Wednesday. The company’s 50 day simple moving average is $55.10. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.23. Argo Group International has a 52-week low of $39.05 and a 52-week high of $61.29. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 22.04 and a beta of 0.94.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Tuesday, November 30th will be issued a dividend of $0.31 per share. The ex-dividend date is Monday, November 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.09%. Argo Group International’s dividend payout ratio (DPR) is 46.10%.

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Argo Group International by 2.2% during the second quarter. Vanguard Group Inc. now owns 3,212,202 shares of the company’s stock worth $166,488,000 after acquiring an additional 70,549 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Argo Group International by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,193,606 shares of the company’s stock valued at $113,694,000 after buying an additional 9,756 shares in the last quarter. Frontier Capital Management Co. LLC grew its position in Argo Group International by 10.2% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,485,445 shares of the company’s stock valued at $76,991,000 after buying an additional 137,443 shares in the last quarter. William Blair Investment Management LLC grew its position in Argo Group International by 47,946.8% in the 3rd quarter. William Blair Investment Management LLC now owns 946,521 shares of the company’s stock valued at $49,427,000 after buying an additional 944,551 shares in the last quarter. Finally, Pzena Investment Management LLC grew its position in Argo Group International by 1.2% in the 3rd quarter. Pzena Investment Management LLC now owns 918,723 shares of the company’s stock valued at $47,976,000 after buying an additional 11,122 shares in the last quarter. 90.10% of the stock is currently owned by institutional investors.

Argo Group International Company Profile

Argo Group International Holdings Ltd. engages in the provision of underwriting property and casualty insurance and reinsurance products. It operates through the following segments: U.S. Operations, International Operations, and Run-off Lines. The U.S. Operations segment include distribution through retail, wholesale, and managing general brokers/agents in the specialty insurance market.

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Earnings History and Estimates for Argo Group International (NYSE:ARGO)

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