News stories about Argo Group International (NASDAQ:AGII) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Argo Group International earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 45.1333081028699 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Mark E. Watson III Sells 5,772 Shares of Argo Group International Holdings, Ltd. (AGII) Stock (americanbankingnews.com)
- Argo Group International (AGII) Upgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Argo Group (AGII) Presents At Raymond James 39th Annual Institutional Investors Conference – Slideshow (seekingalpha.com)
- Argo Group International Holdings, Ltd. Forecasted to Earn Q1 2018 Earnings of $0.77 Per Share (AGII) (americanbankingnews.com)
- John R. Power, Jr. Sells 4,108 Shares of Argo Group International Holdings, Ltd. (AGII) Stock (americanbankingnews.com)
AGII has been the topic of several recent analyst reports. Zacks Investment Research upgraded Argo Group International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Keefe, Bruyette & Woods restated a “buy” rating and set a $62.00 price objective on shares of Argo Group International in a research note on Friday, February 23rd. ValuEngine cut Argo Group International from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Finally, BidaskClub cut Argo Group International from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd.
Argo Group International (NASDAQ:AGII) last released its earnings results on Tuesday, February 13th. The insurance provider reported ($0.66) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.51) by ($0.15). The business had revenue of $441.60 million for the quarter. Argo Group International had a negative return on equity of 0.80% and a net margin of 2.84%. research analysts predict that Argo Group International will post 3.47 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Wednesday, March 7th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, March 6th. Argo Group International’s payout ratio is 78.61%.
In related news, Director John R. Power, Jr. sold 4,108 shares of Argo Group International stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $61.09, for a total value of $250,957.72. Following the completion of the sale, the director now owns 19,593 shares of the company’s stock, valued at approximately $1,196,936.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark E. Watson III sold 5,772 shares of Argo Group International stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $54.02, for a total value of $311,803.44. Following the completion of the sale, the chief executive officer now directly owns 536,239 shares of the company’s stock, valued at approximately $28,967,630.78. The disclosure for this sale can be found here. Insiders have sold a total of 23,597 shares of company stock worth $1,380,543 over the last quarter. Company insiders own 4.86% of the company’s stock.
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Argo Group International Company Profile
Argo Group International Holdings, Ltd. is an underwriter of specialty insurance and reinsurance products in the property and casualty market. The Company operates through four segments: Excess and Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. Excess and Surplus Lines segment carriers focus on risks that the standard (admitted) market is unwilling or unable to underwrite.
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