Argo Group International (ARGO) Set to Announce Earnings on Monday

Posted by on May 6th, 2023

Argo Group International (NYSE:ARGO – Get Rating) will be releasing its earnings data after the market closes on Monday, May 8th. Analysts expect Argo Group International to post earnings of $0.80 per share for the quarter.

Argo Group International (NYSE:ARGO – Get Rating) last announced its quarterly earnings results on Monday, February 27th. The company reported ($2.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.62) by ($1.07). Argo Group International had a negative net margin of 9.98% and a positive return on equity of 0.06%. The company had revenue of $379.40 million during the quarter, compared to the consensus estimate of $504.90 million. On average, analysts expect Argo Group International to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Argo Group International Price Performance

NYSE ARGO opened at $29.40 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.37. Argo Group International has a 12-month low of $19.00 and a 12-month high of $44.18. The company has a market capitalization of $1.03 billion, a PE ratio of -5.54 and a beta of 1.03. The firm’s 50 day moving average is $29.42 and its 200-day moving average is $28.36.

Hedge Funds Weigh In On Argo Group International

Institutional investors have recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc acquired a new position in Argo Group International during the third quarter worth $59,000. Graham Capital Management L.P. acquired a new position in Argo Group International during the first quarter worth $229,000. Point72 Hong Kong Ltd acquired a new position in Argo Group International during the first quarter worth $231,000. Mariner LLC bought a new position in Argo Group International during the fourth quarter worth $236,000. Finally, Evercore Wealth Management LLC bought a new position in Argo Group International during the first quarter worth $244,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Argo Group International in a report on Friday, April 21st. They issued a “hold” rating on the stock. Compass Point downgraded shares of Argo Group International from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a report on Monday, March 13th. Finally, Raymond James downgraded shares of Argo Group International from a “market perform” rating to an “underperform” rating in a report on Tuesday, February 28th.

About Argo Group International

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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 for Argo Group International (NYSE:ARGO)

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