Keefe, Bruyette & Woods Downgrades Argo Group (ARGO) to Hold

Keefe, Bruyette & Woods downgraded shares of Argo Group (NASDAQ:ARGO) from an outperform rating to a hold rating in a research report report published on Thursday, The Fly reports.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Argo Group from a hold rating to a sell rating in a research note on Monday, December 10th. Boenning Scattergood set a $72.00 price objective on shares of Argo Group and gave the company a buy rating in a research note on Tuesday, November 6th. Finally, Raymond James dropped their price objective on shares of Argo Group from $72.00 to $70.00 and set a strong-buy rating on the stock in a research note on Friday, October 19th.

Shares of NASDAQ ARGO opened at $67.09 on Thursday. Argo Group has a 12-month low of $50.53 and a 12-month high of $70.00.

Argo Group (NASDAQ:ARGO) last issued its earnings results on Monday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.19. The company had revenue of $484.70 million for the quarter, compared to the consensus estimate of $462.83 million.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Friday, November 30th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Thursday, November 29th.

In other Argo Group news, insider Mark E. Watson III sold 18,566 shares of the firm’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $68.93, for a total value of $1,279,754.38. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark E. Watson III sold 9,310 shares of the firm’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $67.14, for a total transaction of $625,073.40. The disclosure for this sale can be found here. Insiders sold 45,083 shares of company stock worth $3,078,265 over the last ninety days.

Argo Group Company Profile

Argo Group International Holdings Ltd. engages in underwriting property and casualty insurance and reinsurance. The company operates through following segments: Property, Liability, Professional and Specialty. The Property segment includes both property insurance and reinsurance products. The Liability segment includes a broad range of primary and excess casualty products.

Featured Story: How Do Tariffs Affect Trade Balances?

The Fly

Receive News & Ratings for Argo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Argo Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply