Argo Group International Holdings Ltd. (AGII) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $1.20 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.69. Analysts had a consensus of $0.51. The company posted revenue of $384.30 million in the period, compared to analysts expectations of $367.13 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS.
Many Wall Street Analysts have commented on Argo Group International Holdings Ltd.. Argo Group International Holdings Ltd. was Initiated by JMP Securities to “Mkt Perform” on Jun 27, 2016.
Argo Group International Holdings Ltd. closed down -0.81 points or -1.54% at $51.89 with 1,09,865 shares getting traded on Friday. Post opening the session at $52.83, the shares hit an intraday low of $51.65 and an intraday high of $52.83 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jun 8, 2016, Jay Stanley Bullock (Chief Financial Officer) sold 11,248 shares at $53.51 per share price. According to the SEC, on May 26, 2016, Mark E Iii Watson (President and CEO) sold 9,718 shares at $58.08 per share price. On Mar 11, 2016, John R Jr Power (director) sold 2,558 shares at $55.10 per share price, according to the Form-4 filing with the securities and exchange commission.
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 (E&S) 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. Commercial Specialty segment provides property casualty and surety coverages designed to meet the insurance needs of businesses within certain markets. International Specialty segment underwrites insurance and reinsurance risks. The Syndicate 1200 segment underwrites worldwide property specialty and non-United States liability insurance.