Argo Group Schedules Second Quarter 2023 Earnings Release
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group Schedules Second Quarter 2023 Earnings Release.
- 07/25/2023
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Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
- Many investors might not get too excited about the insurance business. Still, it's probably worth a reminder that insurance float is a big factor behind the success of Warren Buffett and Berkshire Hathaway Inc. NYSE: BRK.B.
- 06/07/2023
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Argo Surety Partners with Trisura Group
- CHICAGO--(BUSINESS WIRE)--Argo Group International Holdings, Ltd. (NYSE: ARGO) ("Argo" or the "company") today announced an agreement, effective immediately, with North American insurer, Trisura Group, Ltd. to support its surety underwriting operations as it works to revamp and grow its surety business. Trisura will provide surety underwriting services and other services to support Argo’s surety operations. Argo will retain surety claims management responsibilities. The two companies intend to partner on and are actively negotiating appropriate terms related to shared surety and co-surety arrangements as well as fronting arrangements. "This partnership is an important step as we work to evolve Argo Surety,” said Argo Executive Chairman and Chief Executive Officer, Thomas A. Bradley. “Trisura’s underwriting philosophy aligns with Argo Surety’s history of close partnerships, in-depth industry knowledge and commitment to creating specialty solutions for hard-to-place business. Through this partnership, we will build on our commitment to the surety business for our valuable broker partners while expanding our capacity for new business.” As one of the largest surety writers in Canada, Trisura is an experienced surety underwriter with more than 16 years in the business and deep expertise in underwriting commercial, contract and international surety. “Trisura is excited to partner with Argo to provide underwriting support and the same high level of service to Argo’s brokers and agents as they have come to expect from Argo,” said President and CEO Trisura Canada, Chris Sekine. “We are pleased to partner with Argo and believe the collaboration will expand support for both Argo and Trisura stakeholders. For Trisura’s North American surety platform, we are excited to continue negotiations to finalize terms to access Argo’s licensed and Treasury Listed paper in all U.S. jurisdictions and assess co-surety and shared surety opportunities together. The strategic partnership will advance both of our businesses across North America.” The terms of the agreement were not disclosed. Argo brings on accomplished leader to advise on its surety business Effective immediately, former RLI Surety leader Greg Chilson will join Argo in an advisory role. Chilson will work directly with Argo Surety Interim Head, Steve Boughal in developing and executing the company’s surety business strategy, including evaluation of its in-force portfolio, reviewing underwriting guidelines, providing guidance on organizational design, and mentoring junior staff. “We are thrilled to have Greg on the team as we look to build upon the great success of Argo’s surety business,” said Boughal. “Greg’s deep industry knowledge and experience will provide tremendous value to the organization.” Chilson retired as vice president overseeing RLI's Surety Division at the end of 2021. RLI Corp. is a specialty insurer serving diverse, niche property, casualty and surety markets. The company has also contracted with MacColl Strategic Advisors to provide strategic advice and counsel in regard to its surety operations. ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD. Argo Group International Holdings, Ltd. (NYSE: ARGO) is an underwriter of specialty insurance products in the property and casualty market. Argo offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses in two primary segments. Argo and its insurance subsidiaries are rated ‛A-’ by Standard and Poor’s. Argo’s insurance subsidiaries are rated ‛A-’ by A.M. Best. More information on Argo and its subsidiaries is available at www.argogroup.com. ABOUT TRISURA GROUP, LTD. Trisura Group Ltd. is a specialty insurance provider operating in the surety, risk solutions, corporate insurance, fronting and reinsurance segments of the market. Trisura has investments in wholly owned subsidiaries through which it conducts insurance and reinsurance operations. Those operations are primarily in Canada (“Trisura Canada”) and the United States (“Trisura US”). Trisura Group Ltd. is listed on the Toronto Stock Exchange under the symbol “TSU”. FORWARD-LOOKING STATEMENTS This press release and related oral statements may include forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements include all statements that do not relate solely to historical or current facts, and can be identified by the use of words such as "expect," "intend," "plan," "believe," “do not believe,” “aim,” "project," "anticipate," “seek,” "will," “likely,” “assume,” “estimate,” "may," “continue,” “guidance,” “growth,” “objective,” “remain optimistic,” “improve,” “progress,” "path toward," "looking forward," “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “on track” and other expressions of a future or forward-looking nature. Such statements are subject to certain risks and uncertainties that could cause actual events or results to not occur or differ materially, including, but not limited to, recent changes in interest rates and inflation, the outcome of the partnership with Trisura on the surety business, the adequacy of our projected loss reserves, employee retention and changes in key personnel, the ability of our insurance subsidiaries to meet risk-based capital and solvency requirements, the outcome of legal and regulatory proceedings, investigations, inquiries, claims and litigation, and other risks and uncertainties discussed in our filings with the Securities and Exchange Commission (the "SEC"). For a more detailed discussion of such risks and uncertainties, see Item 1A, “Risk Factors” in Argo’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and in other filings with the SEC. The inclusion of a forward-looking statement herein should not be regarded as a representation by Argo that its objectives will be achieved. Any forward-looking statements speak only as of the date of this press release. Argo undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on any such statements.
- 05/24/2023
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Taqtile and DigiLens Partner on Rugged AR-Enabled Solution for Industrial and Defense Customers
- SANTA CLARA, Calif.--(BUSINESS WIRE)--DigiLens Inc. (AWE USA 2023, booth 427), a global leader in waveguide technology and industrial head-set platforms, announces it is teaming up with Taqtile, Inc., the leader in augmented reality (AR)-based work instruction software, to provide a groundbreaking solution that will assist deskless industrial and defense workers in completing essential, complex tasks. The combination of the ARGO™ smartglasses from DigiLens and the Manifest® work instruction platform from Taqtile will deliver a robust, industrial-lite solution for deskless workers around the globe. The powerful combination of technologies from Taqtile and DigiLens offers industry-leading scalability and exceptional quality at a cost-effective price point, enabling workers to conduct maintenance, repairs, inspections, and other procedures more efficiently, accurately, and safely than ever before. The new solution is expected to be a valuable tool in industries such as manufacturing, energy, healthcare, logistics, pharmaceuticals, telecommunications, and defense. “Worker productivity, specifically deskless work, has been the focus of DigiLens ARGO. ARGO allows the frontline operator true hands free, body position independence, and now with Manifest from Taqtile, robust work instruction anywhere, at any time, in any environment. Manifest on ARGO provides a complete work ecosystem, giving industrial and defense workers a platform of the future; enabling them to be more efficient, precise, and agile while having their hands free for the task at hand,” said Nima Shams, GM and VP of Product BU at DigiLens. DigiLens, maker of ARGO smartglasses, is a leader in holographic waveguides used for XR displays. The company has developed a patented optical platform and photopolymer technology for use indoors and in bright outdoor lighting conditions, delivering superior performance in a small footprint that does not require modification to be implemented in industrial and defense environments. Manifest complements DigiLens hardware with cutting-edge AR technology that improves operational workflows so that jobs get done more accurately and consistently. Manifest empowers deskless workers to document maintenance and operational procedures, follow step-by-step work instructions, and analyze job performance and history more easily and efficiently. For complex tasks, the advanced Manifest platform enables access to real-time remote assistance from knowledge experts who can view “see-what-I-see” video and guide deskless users with spatially anchored content within the AR environment. “ARGO represents just the type of head-mounted, hands-free device that Manifest customers have been looking for,” said John Tomizuka, CTO, Taqtile. “We continue to evaluate hardware solutions that will meet the unique needs of our deskless workers, and the combination of Manifest and ARGO has the ability to deliver performance and functionality that will appeal to the industrial and defense sectors.” About DigiLens DigiLens, maker of the revolutionary ARGO industrial platform, and is a leader in holographic waveguides used for XR displays. The company has developed a patented optical platform and photopolymer technology that delivers best-in-class solutions using a unique, low-cost contact-copy manufacturing process. DigiLens enables OEM partners to design and build XR-enabled devices for the global automobile, enterprise, consumer, avionics, and military industries. Based in Sunnyvale, CA, DigiLens investors include industry leaders like Samsung Electronics, Samsung Electro-Mechanics, Diamond Edge Ventures, the strategic investment arm of Mitsubishi Chemical Holdings Corporation, Alsop Louie Partners, Optimas Capital Management, 37 Interactive Entertainment, UDC Ventures, the corporate venture arm of Universal Display Corporation, Niantic, Inc., Sony Innovation Fund, Dolby Family Ventures, Continental AG, and more. About Taqtile Seattle-based Taqtile is revolutionizing how deskless workers do their jobs. Taqtile exists to empower and equip people with the tools they need to complete their jobs flawlessly, accurately, every time. By leveraging proven technologies, including augmented reality, 3D visualization, and real-time collaborative communication, Taqtile’s Manifest platform empowers deskless workers to complete complex tasks more efficiently, completely, and safely than ever before. Taqtile is a proud member of Fast Company’s “World Changing Ideas” list for three consecutive years – 2021, 2022, and 2023. For more information on Taqtile and Manifest, please visit https://taqtile.com/.
- 05/23/2023
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New Strong Sell Stocks for May 15th
- ARGO, PFSI and LFCR have been added to the Zacks Rank #5 (Strong Sell) List on May 15, 2023.
- 05/15/2023
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Argo Group (ARGO) Reports Q1 Loss, Misses Revenue Estimates
- Argo Group (ARGO) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of $0.80. This compares to earnings of $1.24 per share a year ago.
- 05/08/2023
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Argo Group Reports First Quarter 2023 Results
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group International Holdings, Ltd. (NYSE: ARGO) ("Argo" or the "company") today announced financial results for the three months ended March 31, 2023. ($ in millions, except per share data) Three Months Ended March 31, Y/Y 2023 2022 Change Net loss attributable to common shareholders $ (36.4 ) $ (3.6 ) NM Per diluted common share $ (1.04 ) $ (0.11 ) NM Operating (loss) earnings $ (10.8 ) $ 43.4 NM Per diluted common share $ (0.31 ) $ 1.24 NM Annualized return on average common shareholders' equity (13.3 )% (0.9 )% -12.4 pts Annualized operating return on average common shareholders' equity (3.9 )% 11.4 % -15.3 pts "We are pleased with the overwhelming shareholder support received for the announced merger with Brookfield Reinsurance at Argo's special meeting of shareholders held on April 19, 2023," said Argo Executive Chairman and Chief Executive Officer, Thomas A. Bradley. "The level of shareholder support reflects investor confidence that this transaction maximizes shareholder value and represents the best path forward for Argo. As we have started working closely with Brookfield Reinsurance on integration planning, we have developed an even greater appreciation for how this partnership will enhance our strong franchise and future growth prospects. While preparations for the merger's closing move ahead, we remain focused on responding to the needs of customers and business partners. We continue to expect to complete the merger in the second half of 2023, subject to customary closing conditions, including receipt of required regulatory approvals." Consolidated Highlights ($ in millions) Three Months Ended March 31, Y/Y 2023 2022 Change Gross written premiums $ 596.7 $ 720.6 -17.2 % Net written premiums 335.9 440.5 -23.7 % Earned premiums $ 389.9 $ 480.6 -18.9 % Loss and loss adjustment expenses 284.6 283.6 0.4 % Acquisition expenses 61.7 82.6 -25.3 % General and administrative expenses 75.3 90.3 -16.6 % Underwriting (loss) income $ (31.7 ) $ 24.1 NM Net investment income $ 29.7 $ 37.7 -21.2 % Loss ratio 73.0 % 59.0 % 14.0 pts Acquisition expense ratio 15.8 % 17.2 % -1.4 pts General and administrative expense ratio 19.3 % 18.8 % 0.5 pts Expense ratio 35.1 % 36.0 % -0.9 pts Combined ratio 108.1 % 95.0 % 13.1 pts CAY ex-CAT loss ratio 59.6 % 56.5 % 3.1 pts First Quarter 2023 Results - Consolidated (All comparisons vs. first quarter 2022, unless noted otherwise) On February 2, 2023, the company completed the previously announced sale of Argo Underwriting Agency Limited and its Lloyd's Syndicate 1200 to Westfield. The financial highlights in this release include results for Argo Underwriting Agency Limited and its Lloyd’s Syndicate 1200 up to the closing date. Premiums Gross written premiums of $596.7 million decreased $123.9 million, or 17.2%, primarily due to businesses the company has exited and sold. Gross written premiums within the company’s ongoing business2 were in line with the prior year first quarter. Earned premiums of $389.9 million decreased $90.7 million, or 18.9%. Earned premiums increased approximately 6.7% within the company’s ongoing business reflecting business mix shift towards lines of business where the company retains more risk. Underwriting The combined ratio of 108.1% increased 13.1 percentage points, driven by a higher loss ratio. The loss ratio of 73.0% increased 14.0 percentage points, compared to 59.0% for the prior year first quarter. The current accident year, excluding catastrophes ("CAY ex-CAT") loss ratio of 59.6% increased 3.1 percentage points. Total catastrophe losses were $3.6 million or 0.9 percentage points on the loss ratio. In comparison, catastrophe losses in the prior year first quarter were $8.7 million or 1.8 percentage points on the loss ratio. Net adverse prior year reserve development was $48.6 million, or 12.5 percentage points on the loss ratio. In comparison, net adverse prior year reserve development in the first quarter 2022 was $3.4 million, or 0.7 percentage points on the loss ratio. The CAY ex-CAT combined ratio of 94.7% increased 2.2 percentage points from the prior year first quarter. Expenses The expense ratio of 35.1% improved 0.9 percentage points. This improvement was driven by lower underwriting expenses of $35.9 million. Investment Income Net investment income of $29.7 million decreased by $8.0 million. While investment income, excluding alternatives, increased $5.8 million due to higher reinvestment rates, the reduction in investment income was attributable to a $13.8 million decrease in alternative investment income compared to the first quarter 2022. The company continues to hold a high quality, relatively short duration portfolio with an average credit quality of AA- and an average duration of 2.6 years, when including cash. Earnings Net loss attributable to common shareholders was $36.4 million, or $1.04 per diluted share, for the first quarter 2023, compared to a net loss attributable to common shareholders of $3.6 million, or $0.11 per diluted share for the first quarter 2022. Annualized return on average common shareholders' equity was (13.3%), compared to (0.9%) in the prior year first quarter. The net loss attributable to common shareholders in the first quarter 2023 included pre-tax net realized investment and other losses of $17.9 million, compared to $34.5 million of pre-tax net realized investment and other losses in the prior year first quarter. The pre-tax net realized investment and other losses for the first quarter 2023 were mainly attributable to the realization of unrealized investment losses associated with the sale of Argo Underwriting Agency Limited and its Lloyd's Syndicate. In addition, the net loss attributable to common shareholders in the first quarter 2023 included $11.6 million of non-operating expenses, which were mainly attributable to non-operating legal fees. In comparison, the prior year first quarter reported $7.4 million in non-operating expenses. Operating loss for the quarter was $10.8 million or $0.31 per diluted share, compared to operating income of $43.4 million or $1.24 per diluted share. Annualized operating return on average common shareholders' equity was (3.9%), a decrease of 15.3 percentage points year-over-year. Shareholders' Equity Book value per common share was $31.31 as of March 31, 2023, an increase of approximately 1.0% from $31.06 at year-end 2022. The higher book value per common share is largely attributable to an improvement in accumulated other comprehensive income ("AOCI") in the quarter, partially offset by a decrease in retained earnings. U.S. Operations Highlights ($ in millions) Three Months Ended March 31, Y/Y 2023 2022 Change Gross written premiums $ 437.2 $ 475.2 -8.0 % Net written premiums 286.5 312.9 -8.4 % Earned premiums $ 325.6 $ 336.4 -3.2 % Loss and loss adjustment expenses 239.9 206.2 16.3 % Acquisition expenses 54.3 57.5 -5.6 % General and administrative expenses 52.4 50.2 4.4 % Underwriting (loss) income $ (21.0 ) $ 22.5 NM Loss ratio 73.7 % 61.3 % 12.4 pts Acquisition expense ratio 16.7 % 17.1 % -0.4 pts General and administrative expense ratio 16.0 % 14.9 % 1.1 pts Expense ratio 32.7 % 32.0 % 0.7 pts Combined ratio 106.4 % 93.3 % 13.1 pts CAY ex-CAT loss ratio 60.5 % 58.6 % 1.9 pts First Quarter 2023 Results - U.S. Operations (All comparisons vs. first quarter 2022, unless noted otherwise) Premiums U.S. Operations gross written premiums of $437.2 million decreased $38.0 million, or 8.0%, primarily due to businesses the company has exited. While the company experienced low-double digit rate decreases in its commercial D&O business, the remaining portfolio achieved rate increases in the mid-single digits. Gross written premiums within the U.S. ongoing business decreased 3.2% from the prior year first quarter. Earned premiums of $325.6 million decreased $10.8 million, or 3.2%. Earned premiums increased approximately 6.3% within the company’s U.S. ongoing business, reflecting business mix shift towards lines of business where the company retains more risk. Underwriting The loss ratio of 73.7% increased 12.4 percentage points, compared to the prior year first quarter. The CAY ex-CAT loss ratio of 60.5% increased 1.9 percentage points from the first quarter 2022. The increase was primarily driven by professional lines. Catastrophe losses were $3.1 million, or 1.0 percentage point on the loss ratio, compared to $4.0 million or 1.2 percentage points on the loss ratio in the prior year first quarter. Net adverse prior year reserve development was $39.7 million or 12.2 percentage points on the loss ratio. In comparison, net adverse development in the prior year first quarter was $5.0 million, or 1.5 percentage points on the loss ratio. The adverse development in the first quarter 2023 was primarily attributable to losses from businesses the company has exited, and by a reassessment of potential claims in professional lines, mostly from accident years 2019 and prior. Expenses The expense ratio was 32.7%, an increase of 0.7 percentage points. Underwriting expenses decreased approximately $1.0 million from the prior year first quarter, but the reduction in net earned premiums resulted in an increase in the expense ratio year over year. International Operations Highlights ($ in millions) Three Months Ended March 31, Y/Y 2023 2022 Change Gross written premiums $ 159.5 $ 245.4 -35.0 % Net written premiums 49.4 127.6 -61.3 % Earned premiums $ 64.3 $ 144.2 -55.4 % Loss and loss adjustment expenses 43.6 76.0 -42.6 % Acquisition expenses 7.3 25.1 -70.9 % General and administrative expenses 14.1 29.8 -52.7 % Underwriting (loss) income $ (0.7 ) $ 13.3 NM Loss ratio 67.8 % 52.7 % 15.1 pts Acquisition expense ratio 11.4 % 17.4 % -6.0 pts General and administrative expense ratio 21.9 % 20.7 % 1.2 pts Expense Ratio 33.3 % 38.1 % -4.8 pts Combined ratio 101.1 % 90.8 % 10.3 pts CAY ex-CAT loss ratio 54.9 % 51.5 % 3.4 pts First Quarter 2023 Results - International Operations (All comparisons vs. first quarter 2022, unless noted otherwise) Premiums Gross written premiums of $159.5 decreased $85.9 million, or 35.0% and earned premiums of $64.3 million decreased $79.9 million, or 55.4%. The reduction of premiums was primarily due to businesses the company has sold. Underwriting The loss ratio of 67.8% increased 15.1 percentage points, compared to 52.7% in the prior year first quarter. The CAY ex-CAT loss ratio was 54.9%, an increase of 3.4 percentage points. The first quarter 2023 includes a different mix of business from 2022 due to the dispositions of various businesses. Catastrophe losses were $0.5 million, or 0.8 percentage points on the loss ratio, compared to $4.7 million, or 3.3 percentage points on the loss ratio in the prior year first quarter. Net adverse prior year reserve development was $7.8 million, which increased the loss ratio by 12.1 percentage points. In comparison, the prior year first quarter had $3.0 million of net favorable development, which decreased the loss ratio 2.1 percentage points. The adverse development in the first quarter 2023 was primarily attributable to claim movements in professional lines within the company's Bermuda operation. Expenses The expense ratio of 33.3% improved 4.8 percentage points, driven by a $33.5 million reduction in expenses, partially offset by lower earned premiums. These results were primarily due to the sale of Argo Underwriting Agency Limited and its Lloyd's Syndicate 1200. ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD. Argo Group International Holdings, Ltd. (NYSE: ARGO) is an underwriter of specialty insurance products in the property and casualty market. Argo offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses in two primary segments. Argo and its insurance subsidiaries are rated ‛A-’ by Standard and Poor’s. Argo’s insurance subsidiaries are rated ‛A-’ by A.M. Best. More information on Argo and its subsidiaries is available at www.argogroup.com. FORWARD-LOOKING STATEMENTS This press release and related oral statements may include forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements include all statements that do not relate solely to historical or current facts, and can be identified by the use of words such as "expect," "intend," "plan," "believe," “do not believe,” “aim,” "project," "anticipate," “seek,” "will," “likely,” “assume,” “estimate,” "may," “continue,” “guidance,” “growth,” “objective,” “remain optimistic,” “improve,” “progress,” "path toward," "looking forward," “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “on track” and similar expressions of a future or forward-looking nature. Such statements are subject to certain risks and uncertainties that could cause actual events or results to not occur or differ materially, including, but not limited to, recent changes in interest rates and inflation, the outcome of our exploration of strategic alternatives and our ability to realize the anticipated benefits of any actions taken in connection therewith, including that the company and Brookfield Reinsurance may be unable to complete their proposed transaction, the adequacy of our projected loss reserves, employee retention and changes in key personnel, the ability of our insurance subsidiaries to meet risk-based capital and solvency requirements, the outcome of legal and regulatory proceedings, investigations, inquiries, claims and litigation, and other risks and uncertainties discussed in our filings with the Securities and Exchange Commission (the "SEC"). For a more detailed discussion of such risks and uncertainties, see Item 1A, “Risk Factors” in Argo’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and in other filings with the SEC. The inclusion of a forward-looking statement herein should not be regarded as a representation by Argo that its objectives will be achieved. Any forward-looking statements speak only as of the date of this press release. Argo undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on any such statements. NON-GAAP FINANCIAL MEASURES In presenting the company's results, management has included and discussed in this press release certain non-generally accepted accounting principles ("non-GAAP") financial measures within the meaning of Regulation G as promulgated by the SEC. Management believes that these non-GAAP financial measures, which may be defined differently by other companies, better explain the company's results of operations in a manner that allows for a more complete understanding of the underlying trends in the company's business. However, these measures should not be viewed as a substitute for those determined in accordance with generally accepted accounting principles ("U.S. GAAP"). “CAY ex-CAT combined ratio” and the “CAY ex-CAT loss ratio" are internal measures used by the management of the company to evaluate the performance of its underwriting activity and represents the net amount of underwriting income excluding catastrophe related charges and the impact of changes to prior year loss reserves. Although this measure does not replace the GAAP combined ratio, it provides management with a view of the quality of earnings generated by underwriting activity for the current accident year. “Operating income (loss)" is an internal performance measure used in the management of the company's operations and represents operating results after-tax (at an assumed effective tax rate of 19%) and preferred share dividends excluding, as applicable, net realized investment and other gains or losses, net foreign exchange gain or loss, non- operating expenses, and other similar non-recurring items. The company excludes net realized investment and other gains or losses, net foreign exchange gain or loss, non-operating expenses, and other similar non-recurring items from the calculation of operating income because these amounts are influenced by and fluctuate in part, by market conditions that are outside of management’s control. In addition to presenting net income determined in accordance with U.S. GAAP, the company believes that showing operating income enables investors, analysts, rating agencies and other users of the company's financial information to more easily analyze our results of operations and underlying business performance. "Annualized operating return on average common shareholders' equity" is calculated using operating income (loss) (as defined above and annualized in the manner described for net income (loss) attributable to common shareholders ("ROACE")) and average common shareholders' equity. In calculating ROACE, the net income attributable to common shareholders for the period is multiplied by the number of periods in a calendar year to arrive at annualized net income available to common shareholders. In addition to presenting ROACE determined in accordance with U.S. GAAP, the company believes that showing annualized operating return on average common shareholders' equity enables investors, analysts, rating agencies and other users of the company's financial information to more easily analyze our results of operations and underlying business performance. "Operating income (loss) per common share (diluted)" is calculated using operating income (as defined above) and the weighted average common shares (diluted) for the current period. In addition to presenting net income (loss) per common share (diluted) in accordance with U.S. GAAP, the company believes that showing the operating income (loss) per common share (diluted) enables investors, analysts, rating agencies and other users of the company's financial information to more easily analyze our results of operations and underlying business performance. “Underwriting income (loss)” is an internal performance measure used in the management of the company’s operations and represents net amount earned from underwriting activities (net premium earned less underwriting expenses and claims incurred). Underwriting income is a financial measure that is commonly recognized as a standard of performance by investors, analysts, rating agencies and other users of its financial information. Although this measure of profit (loss) does not replace net income (loss) computed in accordance with U.S. GAAP as a measure of profitability, management uses this measure of profit (loss) to focus our reporting segments on generating underwriting income. "Book value per common share excluding AOCI" is total common shareholders’ equity excluding AOCI, net of tax, included in shareholders’ equity, divided by the number of common shares outstanding. In the opinion of the company’s management, book value per common share excluding AOCI is useful in an analysis of a property casualty company’s book value per share as it removes the effect of changing prices on invested assets (i.e., net unrealized investment gains (losses), net of tax), which do not have an equivalent impact on unpaid claims and claim adjustment expense reserves. "Tangible book value per common share" is book value per share excluding the after-tax value of goodwill and other intangible assets divided by the number of common shares outstanding. In the opinion of the company’s management, tangible book value per common share is useful in an analysis of a property casualty company’s book value on a nominal basis as it removes certain effects of purchase accounting (i.e., goodwill and other intangible assets). "Tangible book value per common share excluding AOCI" is book value per share excluding the after-tax value of goodwill and other intangible assets and AOCI, net of tax. In the opinion of the company's management, tangible book value per common share excluding AOCI is useful in an analysis of a property casualty company's book value per share as it removes certain aspects of purchase accounting (i.e., goodwill and other intangible assets) and the effect of changing prices on invested assets (i.e., net unrealized investment gains (losses), net of tax). The “percentage change in book value per common share” includes (by adding) the effects of cash dividends paid per common share to the calculated book value per common share for the current period. This adjusted amount is then compared to the prior period’s book value per common share to determine the period over period change. The company believes that including the dividends paid per common share allows users of its financial statements to more easily identify the impact of the changes in book value per common share from the perspective of investors. Reconciliations of non-GAAP financial measures to their most directly comparable U.S. GAAP measures are included in the following tables and footnotes. (financial tables follow) ARGO GROUP INTERNATIONAL HOLDINGS, LTD. CONSOLIDATED BALANCE SHEETS (in millions, except per share amounts) March 31, December 31, 2023 2022 (unaudited) Assets Total investments $ 3,885.9 $ 3,651.9 Cash 36.4 50.2 Accrued investment income 18.8 18.6 Receivables 3,288.0 3,321.1 Goodwill and intangible assets 118.6 118.6 Deferred acquisition costs, net 103.9 107.0 Ceded unearned premiums 367.8 375.5 Other assets 384.7 325.3 Assets held-for-sale — 2,066.2 Total assets $ 8,204.1 $ 10,034.4 Liabilities and Shareholders' Equity Reserves for losses and loss adjustment expenses $ 5,184.1 $ 5,051.6 Unearned premiums 994.3 1,039.9 Ceded reinsurance payable, net 174.7 158.7 Senior unsecured fixed rate notes 140.5 140.5 Junior subordinated debentures 258.7 258.6 Other liabilities 207.3 237.7 Liabilities held-for-sale — 1,914.5 Total liabilities 6,959.6 8,801.5 Preferred shares 144.0 144.0 Common shares 46.5 46.4 Additional paid-in capital 1,396.6 1,395.4 Treasury shares (455.1 ) (455.1 ) Retained earnings 370.9 407.3 Accumulated other comprehensive income, net of taxes (258.4 ) (305.1 ) Total shareholders' equity 1,244.5 1,232.9 Total liabilities and shareholders' equity $ 8,204.1 $ 10,034.4 Book value per common share $ 31.31 $ 31.06 Tangible book value per common share $ 27.93 $ 27.67 Book value per common share excluding AOCI, net of tax $ 38.66 $ 39.76 Tangible book value per common share excluding AOCI, net of tax $ 35.29 $ 36.38 ARGO GROUP INTERNATIONAL HOLDINGS, LTD. CONSOLIDATED FINANCIAL HIGHLIGHTS (in millions, except per share amounts) (unaudited) Three Months Ended March 31, 2023 2022 Gross written premiums $ 596.7 $ 720.6 Net written premiums 335.9 440.5 Earned premiums 389.9 480.6 Net investment income 29.7 37.7 Net investment and other gains (losses): Net realized investment and other gains (losses) (21.1 ) (40.2 ) Change in fair value recognized 3.3 6.7 Change in allowance for credit losses on fixed maturity securities (0.1 ) (1.0 ) Net realized investment and other gains (losses) (17.9 ) (34.5 ) Total revenue 401.7 483.8 Losses and loss adjustment expenses 284.6 283.6 Acquisition expenses 61.7 82.6 General and administrative expenses 75.3 90.3 Non-operating expenses 11.6 7.4 Interest expense 8.5 5.8 Fee and other (income) expense, net (0.4 ) (0.8 ) Foreign currency exchange (gains) losses 2.7 2.9 Total expenses 444.0 471.8 Income (loss) before income taxes (42.3 ) 12.0 Income tax provision (benefit) (8.5 ) 13.0 Net income (loss) $ (33.8 ) $ (1.0 ) Dividends on preferred shares 2.6 2.6 Net income (loss) attributable to common shareholders $ (36.4 ) $ (3.6 ) Net income (loss) per common share (basic) $ (1.04 ) $ (0.11 ) Net income (loss) per common share (diluted) $ (1.04 ) $ (0.11 ) Weighted average common shares: Basic 35.1 34.9 Diluted 35.1 34.9 Loss ratio 73.0 % 59.0 % Acquisition expense ratio 15.8 % 17.2 % General and administrative expense ratio 19.3 % 18.8 % Expense ratio 35.1 % 36.0 % GAAP combined ratio 108.1 % 95.0 % CAY ex-CAT combined ratio 94.7 % 92.5 % ARGO GROUP INTERNATIONAL HOLDINGS, LTD. SEGMENT DATA (in millions) (unaudited) Three months ended March 31, 2023 2022 U.S. Operations Gross written premiums $ 437.2 $ 475.2 Net written premiums 286.5 312.9 Earned premiums 325.6 336.4 Underwriting (loss) income (21.0 ) 22.5 Net investment income 24.4 25.6 Interest expense (7.0 ) (3.9 ) Fee (expense), net 0.3 — Operating (loss) income before taxes $ (3.3 ) $ 44.2 Loss ratio 73.7 % 61.3 % Acquisition expense ratio 16.7 % 17.1 % General and administrative expense ratio 16.0 % 14.9 % Expense Ratio 32.7 % 32.0 % GAAP combined ratio 106.4 % 93.3 % CAY ex-CAT combined ratio 93.2 % 90.6 % International Operations Gross written premiums $ 159.5 $ 245.4 Net written premiums 49.4 127.6 Earned premiums 64.3 144.2 Underwriting income (loss) (0.7 ) 13.3 Net investment income 4.6 11.4 Interest expense (1.3 ) (1.7 ) Fee income, net 0.1 0.8 Operating income before taxes $ 2.7 $ 23.8 Loss ratio 67.8 % 52.7 % Acquisition expense ratio 11.4 % 17.4 % General and administrative expense ratio 21.9 % 20.7 % Expense Ratio 33.3 % 38.1 % GAAP combined ratio 101.1 % 90.8 % CAY ex-CAT combined ratio 88.2 % 89.6 % ARGO GROUP INTERNATIONAL HOLDINGS, LTD. RECONCILIATION OF LOSS RATIOS (unaudited) Three Months Ended March 31, 2023 2022 U.S. Operations Loss ratio 73.7 % 61.3 % Prior accident year loss reserve development (12.2 )% (1.5 )% Catastrophe losses (1.0 )% (1.2 )% CAY ex-CAT loss ratio 60.5 % 58.6 % International Operations Loss ratio 67.8 % 52.7 % Prior accident year loss reserve development (12.1 )% 2.1 % Catastrophe losses (0.8 )% (3.3 )% CAY ex-CAT loss ratio 54.9 % 51.5 % Consolidated Loss ratio 73.0 % 59.0 % Prior accident year loss reserve development (12.5 )% (0.7 )% Catastrophe losses (0.9 )% (1.8 )% CAY ex-CAT loss ratio 59.6 % 56.5 % ARGO GROUP INTERNATIONAL HOLDINGS, LTD. NET PRIOR-YEAR RESERVE DEVELOPMENT & CATASTROPHE LOSSES BY SEGMENT (in millions) (unaudited) Three Months Ended March 31, 2023 2022 Net Prior-Year Reserve Development (Favorable)/Unfavorable U.S. Operations $ 39.7 $ 5.0 International Operations 7.8 (3.0 ) Run-off Lines 1.1 1.4 Total net prior-year reserve development $ 48.6 $ 3.4 Three Months Ended March 31, 2023 2022 Catastrophe Losses Catastrophe losses U.S. Operations $ 3.1 $ 4.0 International Operations 0.5 4.7 Total catastrophe losses 3.6 8.7 ARGO GROUP INTERNATIONAL HOLDINGS, LTD. RECONCILIATION OF UNDERWRITING INCOME (LOSS) TO NET INCOME (LOSS) CONSOLIDATED (in millions) (unaudited) Three Months Ended March 31, 2023 2022 Net income (loss) $ (33.8 ) $ (1.0 ) Add (deduct): Income tax provision (benefit) (8.5 ) 13.0 Net investment income (29.7 ) (37.7 ) Net realized investment and other (gains) losses 17.9 34.5 Interest expense 8.5 5.8 Fee and other (income) expense, net (0.4 ) (0.8 ) Foreign currency exchange (gains) losses 2.7 2.9 Non-operating expenses 11.6 7.4 Underwriting (loss) income $ (31.7 ) $ 24.1 ARGO GROUP INTERNATIONAL HOLDINGS, LTD. RECONCILIATION OF OPERATING INCOME (LOSS) TO NET INCOME (LOSS) CONSOLIDATED (in millions, except per share amounts) (unaudited) Three Months Ended March 31, 2023 2022 Net income (loss), as reported $ (33.8 ) $ (1.0 ) Income tax provision (benefit) (8.5 ) 13.0 Net income (loss), before taxes (42.3 ) 12.0 Add (deduct): Net realized investment and other (gains) losses 17.9 34.5 Foreign currency exchange (gains) losses 2.7 2.9 Non-operating expenses 11.6 7.4 Operating (loss) income before taxes and preferred share dividends (10.1 ) 56.8 Income tax (benefit) provision, at assumed rate (1) (1.9 ) 10.8 Preferred share dividends 2.6 2.6 Operating (loss) income $ (10.8 ) $ 43.4 Operating (loss) income per common share (diluted) $ (0.31 ) $ 1.24 Weighted average common shares, diluted 35.1 34.9 (1) For the purpose of calculating Operating Income, an assumed tax rate of 19% is used which represents our expected weighted average statutory tax rate. ARGO GROUP INTERNATIONAL HOLDINGS, LTD. RECONCILIATION OF PRE-TAX OPERATING INCOME (LOSS) BY SEGMENT TO NET INCOME (LOSS) (in millions) (unaudited) Three Months Ended March 31, 2023 2022 Operating income (loss) before income taxes: U.S. Operations $ (3.3 ) $ 44.2 International Operations 2.7 23.8 Run-off Lines (0.7 ) (1.0 ) Corporate and Other (8.8 ) (10.2 ) Total operating (loss) income before income taxes (10.1 ) 56.8 Net realized investment and other gains (losses) (17.9 ) (34.5 ) Foreign currency exchange (losses) gains (2.7 ) (2.9 ) Non-operating expenses (11.6 ) (7.4 ) Income (loss) before income taxes (42.3 ) 12.0 Income tax provision (benefit) (8.5 ) 13.0 Net income (loss) $ (33.8 ) $ (1.0 ) ARGO GROUP INTERNATIONAL HOLDINGS, LTD. PREMIUMS BY SEGMENT AND LINE OF BUSINESS (in millions) U.S. Operations Three months ended March 31, 2023 Three months ended March 31, 2022 Gross Written Net Written Net Earned Gross Written Net Written Net Earned Property $ 56.0 $ 29.0 $ 36.9 $ 44.4 $ 26.8 $ 40.5 Liability 248.1 159.8 175.3 270.6 170.0 170.4 Professional 75.2 55.1 68.3 101.3 69.4 84.5 Specialty 57.9 42.6 45.1 58.9 46.7 41.0 Total $ 437.2 $ 286.5 $ 325.6 $ 475.2 $ 312.9 $ 336.4 International Operations Three months ended March 31, 2023 Three months ended March 31, 2022 Gross Written Net Written Net Earned Gross Written Net Written Net Earned Property $ 26.3 $ (12.1 ) $ 5.8 $ 52.1 $ 10.0 $ 29.4 Liability 28.7 11.0 16.2 49.4 28.2 35.6 Professional 34.5 11.0 18.8 48.1 28.0 31.8 Specialty 70.0 39.5 23.5 95.8 61.4 47.4 Total $ 159.5 $ 49.4 $ 64.3 $ 245.4 $ 127.6 $ 144.2 Consolidated Three months ended March 31, 2023 Three months ended March 31, 2022 Gross Written Net Written Net Earned Gross Written Net Written Net Earned Property $ 82.3 $ 16.9 $ 42.7 $ 96.5 $ 36.8 $ 69.9 Liability 276.8 170.8 191.5 320.0 198.2 206.0 Professional 109.7 66.1 87.1 149.4 97.4 116.3 Specialty 127.9 82.1 68.6 154.7 108.1 88.4 Total $ 596.7 $ 335.9 $ 389.9 $ 720.6 $ 440.5 $ 480.6 ARGO GROUP INTERNATIONAL HOLDINGS, LTD. COMPONENTS OF NET INVESTMENT INCOME & NET REALIZED INVESTMENT AND OTHER GAINS (LOSSES) CONSOLIDATED (in millions) (unaudited) Three Months Ended March 31, 2023 2022 Net Investment Income Net investment income, excluding alternative investments $ 29.9 $ 24.1 Alternative investments (0.2 ) 13.6 Total net investment income $ 29.7 $ 37.7 Three Months Ended March 31, 2023 2022 Net Realized Investment and Other Gains (Losses) Net realized investment (losses) gains $ (0.8 ) $ (11.7 ) Change in fair value recognized 3.3 6.7 Change in allowance for credit losses on fixed maturity securities (0.1 ) (1.0 ) Loss on the sale of business divestitures including the realization of unrealized investment losses and foreign exchange translation losses, respectively (20.3 ) (28.5 ) Total net realized investments and other gains (losses) $ (17.9 ) $ (34.5 ) ARGO GROUP INTERNATIONAL HOLDINGS, LTD. COMPONENTS OF INVESTMENT PORTFOLIO CONSOLIDATED (in millions) (unaudited) March 31, December 31, 2023 2022 U.S. Governments and government agencies $ 387.9 $ 380.7 States and political subdivisions 100.9 99.8 Foreign governments 28.2 28.4 Corporate – Financial 620.3 636.4 Corporate – Industrial 521.9 520.1 Corporate – Utilities 77.3 77.6 Asset-backed securities 137.1 139.2 Collateralized loan obligations 237.8 237.9 Mortgage-backed securities – Agency 257.5 259.1 Mortgage-backed securities – Commercial 284.8 285.4 Mortgage-backed securities – Residential 10.7 10.9 Total fixed maturities 2,664.4 2,675.5 Commercial Mortgage Loans 159.7 159.7 Common stocks 44.2 43.9 Total equity securities available for sale 44.2 43.9 Private equity 263.7 264.6 Hedge fund 54.7 54.0 Other 4.6 4.6 Total other investments 323.0 323.2 Short term investments and cash equivalents 694.6 449.6 Cash 36.4 50.2 Total cash and invested assets $ 3,922.3 $ 3,702.1 March 31, December 31, 2023 2022 U.S. Governments and government agencies $ 387.9 $ 639.8 AAA 617.8 364.6 AA 243.2 241.8 A 583.0 592.5 BBB 563.6 565.6 BB 64.1 64.1 B 56.7 60.6 Lower than B 14.2 14.9 Not rated 133.9 131.6 Total fixed maturities $ 2,664.4 $ 2,675.5 ARGO GROUP INTERNATIONAL HOLDINGS, LTD. RECONCILIATION OF COMMON SHAREHOLDERS' EQUITY TO TANGIBLE SHAREHOLDERS' EQUITY CONSOLIDATED (in millions) (unaudited) March 31, December 31, 2023 2022 Common shareholders' equity $ 1,100.5 $ 1,088.9 Less: Accumulated other comprehensive income (AOCI), net of taxes (258.4 ) (305.1 ) Common shareholders' equity excluding AOCI, net of tax $ 1,358.9 $ 1,394.0 Common shareholders' equity $ 1,100.5 $ 1,088.9 Less: Goodwill and intangible assets 118.6 118.6 Tangible common shareholders' equity 981.9 970.3 Less: AOCI, net of tax (258.4 ) (305.1 ) Tangible common shareholders' equity excluding AOCI, net of tax $ 1,240.3 $ 1,275.4 Common shares outstanding - end of period 35.151 35.061 Book value per common share $ 31.31 $ 31.06 Tangible book value per common share $ 27.93 $ 27.67 Book value per common share excluding AOCI, net of tax $ 38.66 $ 39.76 Tangible book value per common share excluding AOCI, net of tax $ 35.29 $ 36.38 ARGO GROUP INTERNATIONAL HOLDINGS, LTD. SHAREHOLDER RETURN ANALYSIS (in millions, except per share data) (unaudited) Three Months Ended March 31, 2023 2022 Net income (loss) attributable to common shareholders $ (36.4 ) $ (3.6 ) Operating income (loss) (1) (10.8 ) 43.4 Common Shareholders' Equity - Beginning of period $ 1,088.9 $ 1,591.2 Common Shareholders' Equity - End of period 1,100.5 1,466.8 Average Common Shareholders' Equity $ 1,094.7 $ 1,529.0 Common shares outstanding - End of period 35.15 34.95 Book value per common share $ 31.31 $ 41.97 Book value per common share, prior period $ 31.06 Change in book value per common share during 2023 0.8 % Annualized return on average common shareholders' equity (13.3 )% (0.9 )% Annualized operating return on average common shareholders' equity (3.9 )% 11.4 % (1) For the purpose of calculating Operating Income, an assumed tax rate of 19% is used which represents our expected weighted average statutory tax rate.
- 05/08/2023
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Argo Group Schedules First Quarter 2023 Earnings Release
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group International Holdings, Ltd. (“Argo”) (NYSE: ARGO) announced today it will release first quarter 2023 financial results after the close of U.S. financial markets on Monday, May 8, 2023. ABOUT ARGO GROUP INTERNATIONAL HOLDINGS LTD. Argo Group International Holdings Ltd. (NYSE: ARGO) is an underwriter of specialty insurance products in the property and casualty market. Argo offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses. Argo Group and its insurance subsidiaries are rated ‛A-’ by Standard & Poor’s. Argo’s insurance subsidiaries are rated ‛A-’ by A.M. Best. More information on Argo and its subsidiaries is available at argogroup.com.
- 04/20/2023
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Argo Group Shareholders Approve Proposed Merger with Brookfield Reinsurance
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group International Holdings, Ltd. (“Argo”) (NYSE: ARGO) today announced that Argo shareholders voted to approve an agreement for Brookfield Reinsurance Ltd. (“Brookfield Reinsurance”) to acquire Argo in an all-cash transaction valued at approximately $1.1 billion (the “Merger”). The Merger remains subject to other customary closing conditions, including receipt of required regulatory approvals. Argo and Brookfield Reinsurance expect to complete the Merger in the second half of 2023. Argo will file the final vote results, as certified by the independent Inspector of Election, on a Form 8-K with the U.S. Securities and Exchange Commission. About Argo Argo Group International Holdings, Ltd. (NYSE: ARGO) is a U.S. focused underwriter of specialty insurance products in the property and casualty market. Argo offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses. Argo and its insurance subsidiaries are rated ‘A-’ by Standard and Poor’s. Argo’s insurance subsidiaries are rated ‘A-’ by A.M. Best. More information on Argo and its subsidiaries is available at www.argogroup.com. Cautionary Note Regarding Forward-Looking Statements This press release may include, and Argo may make related oral, forward-looking statements that reflect Argo’s current views with respect to future events and financial performance. Such statements include forward-looking statements both with respect to us in general, and to the insurance and reinsurance sectors in particular (both as to underwriting and investment matters). Statements that include the words “expect,” “estimate,” “intend,” “plan,” “believe,” “project,” “anticipate,” “seek,” “aim,” “likely,” “will,” “may,” “could,” “should” or “would” and similar statements of a future or forward-looking nature identify forward-looking statements in this press release for purposes of the U.S. federal securities laws or otherwise. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the Private Securities Litigation Reform Act of 1995. The proposed transaction is subject to risks and uncertainties and factors that could cause Argo’s actual results to differ, possibly materially, from those in the specific projections, goals, assumptions and statements herein including, but not limited to: (i) that Argo may be unable to complete the proposed transaction because, among other reasons, conditions to the closing of the proposed transaction may not be satisfied or waived, including that a governmental authority may prohibit, delay or refuse to grant approval for the consummation of the transaction; (ii) uncertainty as to the timing of completion of the proposed transaction; (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement between Argo, Brookfield Reinsurance and BNRE Bermuda Merger Sub Ltd.; (iv) risks related to disruption of management’s attention from Argo’s ongoing business operations due to the proposed transaction; (v) the effect of the announcement of the proposed transaction on Argo’s relationships with its clients, employees, operating results and business generally; and (vi) the outcome of any legal proceedings to the extent initiated against Argo or others following the announcement of the proposed transaction, as well as Argo management’s response to any of the aforementioned factors. The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included herein or elsewhere, including the risk factors included in Argo’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q and other documents of Argo on file with, or furnished to, the Securities and Exchange Commission. Any forward-looking statements made in this press release are qualified by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by Argo will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Argo or its business or operations. Argo undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by the federal securities laws. References to additional information about Argo and Brookfield Reinsurance have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
- 04/19/2023
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Voce Capital Management Now Owns 4.5% of Argo Group International
- Fintel reports that Voce Capital Management has filed a 13D/A form with the SEC disclosing ownership of 1.58MM shares of Argo Group International Holdings, Ltd.
- 03/24/2023
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ARGO GROUP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Argo Group International Holdings, Ltd. - ARGO
- NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Argo Group International Holdings, Ltd. (NYSE: ARGO) to Brookfield Reinsurance Ltd. (NYSE: BNRE). Under the terms of the proposed transaction, shareholders of Argo will receive $30.00 in cash for each share of Argo that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-argo/ to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
- 03/22/2023
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Argo Group (ARGO) Q4 Earnings and Revenues Miss, Down Y/Y
- Argo Group (ARGO) Q4 results reflect lower premiums due to premiums ceded in connection with the U.S. loss portfolio transfer (LPT) as well as lower net investment income.
- 02/28/2023
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Argo Group (ARGO) Reports Q4 Loss, Misses Revenue Estimates
- Argo Group (ARGO) delivered earnings and revenue surprises of -66.05% and 24.86%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/27/2023
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Argo Group Schedules Fourth Quarter and Full Year 2022 Earnings Release
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group Schedules Fourth Quarter and Full Year 2022 Earnings Release
- 02/15/2023
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Should Value Investors Buy Argo Group (ARGO) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 02/13/2023
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Should Value Investors Buy Argo Group (ARGO) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 01/27/2023
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Are Investors Undervaluing Argo Group (ARGO) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 01/11/2023
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Should Value Investors Buy Argo Group (ARGO) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 12/20/2022
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New Strong Buy Stocks for December 19th
- ARGO, GFI, AU, CAAS and LADR have been added to the Zacks Rank #1 (Strong Buy) List on December 19, 2022.
- 12/19/2022
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Best Income Stocks to Buy for December 19th
- ARGO, GFI and AU made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 19, 2022.
- 12/19/2022
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Why Should You Stay Invested in Argo Group (ARGO) Stock?
- Argo Group (ARGO) is set to grow banking on the strength of highly profitable business, growth efforts, expense initiative program, investment in technology and a solid capital position.
- 11/23/2022
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Argo Group International Holdings, Ltd. (ARGO) Q3 2022 Earnings Call Transcript
- Argo Group International Holdings, Ltd. (NYSE:ARGO ) Q3 2022 Earnings Conference Call November 11, 2022 10:00 AM ET Company Participants Andrew Hersom - Investor Relations Thomas Bradley - Executive Chairman and Interim CEO Scott Kirk - CFO Conference Call Participants John Heagney - Dowling & Partners Operator Hello.
- 11/12/2022
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Argo Group (ARGO) Beats Q3 Earnings Estimates
- Argo Group (ARGO) delivered earnings and revenue surprises of 120.66% and 3.28%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 11/07/2022
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Argo Group Schedules Third Quarter 2022 Earnings Release and Conference Call
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group Schedules Third Quarter 2022 Earnings Release and Conference Call
- 10/18/2022
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Argo Group (ARGO) Core Business in Focus, Cat Loss Concerns
- Focus to improve profitability, growth efforts, expense initiative program, investment in technology and a solid capital position poise Argo Group (ARGO) well for growth.
- 10/04/2022
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Argo Group International Holdings, Ltd. (ARGO) CEO Tom Bradley on Q2 2022 Results - Earnings Call Transcript
- Argo Group International Holdings, Ltd. (NYSE:ARGO ) Q2 2022 Earnings Conference Call August 9, 2022 10:00 AM ET Company Participants Andrew Hersom - Investor Relations Tom Bradley - Executive Chairman and Interim CEO Scott Kirk - CFO Conference Call Participants John Heagney - Dowling & Partners Operator Good morning everybody and welcome to today's Argo Group Second Quarter 2022 Earnings Call.
- 08/12/2022
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Argo Group (ARGO) Q2 Earnings and Revenues Miss Estimates
- Argo Group (ARGO) delivered earnings and revenue surprises of -24.58% and 9.08%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 08/08/2022
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Analysts Estimate Argo Group (ARGO) to Report a Decline in Earnings: What to Look Out for
- Argo Group (ARGO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 08/01/2022
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5 Insurers Poised for Outperformance This Earnings Season
- Better pricing, exposure growth, accelerated digitalization and sturdy capital are expected to help CINF, ARGO, RGA, AIG, and PRU outperform Q2 earnings estimates.
- 07/19/2022
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Are Investors Undervaluing Argo Group (ARGO) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/24/2022
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Why is it a Prudent Move to Invest in Argo Group (ARGO) Stock?
- Argo Group's (ARGO) highly profitable businesses are well-poised for growth in attractive markets
- 06/21/2022
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Add These 5 Insurance Stocks to Boost Your Portfolio in 2H22
- Better pricing, prudent underwriting, increased exposure, improving rate environment and a solid capital position poise AXS, AFG, ARGO, BHF and UNM well for growth.
- 06/13/2022
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Is Argo Group (ARGO) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/08/2022
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Here's Why Investors Should Buy Argo Group (ARGO) Stock Now
- Argo Group's (ARGO) highly profitable business, growth initiatives, expense initiative program, digitalization and a solid capital position poise it well for growth.
- 05/24/2022
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Is Argo Group (ARGO) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/23/2022
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Argo Group International Holdings, Ltd. (ARGO) CEO Tom Bradley on Q1 2022 Results - Earnings Call Transcript
- Argo Group International Holdings, Ltd. (NYSE:ARGO ) Q1 2022 Earnings Conference Call May 3, 2022 10:00 AM ET Company Participants Tom Bradley - Executive Chairman and Interim CEO Scott Kirk - CFO Gregory Charpentier - EVP of IR & Corporate Finance Conference Call Participants John Heagney - Dowling & Partners Operator Good morning.
- 05/03/2022
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Strength Seen in Argo Group (ARGO): Can Its 7.7% Jump Turn into More Strength?
- Argo Group (ARGO) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
- 04/29/2022
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Argo Group (ARGO) Reports Next Week: Wall Street Expects Earnings Growth
- Argo Group (ARGO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/25/2022
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Here's Why You Should Hold on to Argo Group (ARGO) Stock Now
- Argo Group's (ARGO) highly profitable businesses, exiting reinsurance operations and non-core lines of business, lowering property exposure substantially and reducing volatility bodes well for growth.
- 03/28/2022
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2 Super Preferred Stocks, Yield Up To 8%, Safety And Income
- Airbus single aisle products performed well during the month.
- 03/25/2022
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How Argo Group (ARGO) Stock Stands Out in a Strong Industry
- Argo Group (ARGO) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 03/14/2022
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Argo Group Has To Rebuild Confidence After Renewed Concerns About Underwriting And Reserves
- Sizable adverse reserve developments in the fourth quarter not only hit reported results but seriously damaged investor confidence in the turnaround story.
- 03/10/2022
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Argo Group International Holdings, Ltd. (ARGO) CEO Kevin Rehnberg on Q4 2021 Results - Earnings Call Transcript
- Argo Group International Holdings, Ltd. (ARGO) CEO Kevin Rehnberg on Q4 2021 Results - Earnings Call Transcript
- 02/23/2022
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Argo Group (ARGO) Reports Q4 Loss, Tops Revenue Estimates
- Argo Group (ARGO) delivered earnings and revenue surprises of 35.40% and 1.63%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 02/22/2022
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Here's Why You Should Hold Argo Group (ARGO) in Your Portfolio
- Argo Group's (ARGO) profitable businesses, expense initiative program and solid capital position makes it worthy retaining in portfolio.
- 11/30/2021
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Why Argo Group (ARGO) Might be Well Poised for a Surge
- Argo Group (ARGO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 11/22/2021
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Argo Group International Holdings, Ltd. (ARGO) CEO Kevin Rehnberg on Q3 2021 Results - Earnings Call Transcript
- Argo Group International Holdings, Ltd. (ARGO) CEO Kevin Rehnberg on Q3 2021 Results - Earnings Call Transcript
- 11/03/2021
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Will Argo Group (ARGO) Report Negative Earnings Next Week? What You Should Know
- Argo Group (ARGO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/26/2021
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Argo Group Announces Sale of Brazilian Business
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group Announces Sale of Brazilian Business
- 10/04/2021
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Preferred Stocks Explained - Part 2
- In Part 1, we covered the basics of preferred stocks. Now we get a little more advanced.
- 09/15/2021
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Why Argo Group (ARGO) Could Be a Top Value Stock Pick
- Argo Group (ARGO) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
- 09/14/2021
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Capital Returns Management Calls Upon the Board of Argo Group International Holdings to Commence a Strategic Alternatives Review
- NEW YORK, Sept. 13, 2021 /PRNewswire/ -- Capital Returns Management, LLC (together with its affiliates, "Capital Returns"), one of the largest shareholders of Argo Group International Holdings, Ltd.
- 09/13/2021
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Argo Group (ARGO): Strong Industry, Solid Earnings Estimate Revisions
- Argo Group (ARGO) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 09/07/2021
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Argo Group Issues $0.31 per Share Cash Dividend
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group Issues $0.31 per Share Cash Dividend
- 08/06/2021
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Argo Group International Holdings, Ltd. (ARGO) CEO Kevin Rehnberg on Q2 2021 Results - Earnings Call Transcript
- Argo Group International Holdings, Ltd. (ARGO) CEO Kevin Rehnberg on Q2 2021 Results - Earnings Call Transcript
- 08/03/2021
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Argo Group (ARGO) Q2 Earnings and Revenues Beat Estimates
- Argo Group (ARGO) delivered earnings and revenue surprises of 81.82% and 5.93%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 08/02/2021
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Argo Group Reports 2021 Second Quarter Results
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group Reports 2021 Second Quarter Results
- 08/02/2021
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Argo Group (ARGO) Reports Next Week: Wall Street Expects Earnings Growth
- Argo Group (ARGO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/26/2021
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Argo Group Schedules Second Quarter 2021 Earnings Release and Conference Call
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group Schedules Second Quarter 2021 Earnings Release and Conference Call
- 07/01/2021
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Argo Group: You Get What You Pay For
- Argo Group is in the middle of executing a turnaround to focus on the most successful part of its business: excess and surplus lines in property/casualty insurance. Despite Argo's efforts, they still look like a slow-growing insurance company of average quality and are priced as such.
- 06/17/2021
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Argo Group International Holdings Ltd (ARGO) CEO Kevin Rehnberg on Q1 2021 Results - Earnings Call Transcript
- Argo Group International Holdings Ltd (ARGO) CEO Kevin Rehnberg on Q1 2021 Results - Earnings Call Transcript
- 05/08/2021
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Argo Group Issues $0.31 per Share Cash Dividend
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group Issues $0.31 per Share Cash Dividend
- 05/06/2021
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Argo Group (ARGO) Q1 Earnings and Revenues Beat Estimates
- Argo Group (ARGO) delivered earnings and revenue surprises of 2300.00% and 5.56%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 05/03/2021
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Argo Group Reports 2021 First Quarter Results
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group Reports 2021 First Quarter Results
- 05/03/2021
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Earnings Preview: Argo Group (ARGO) Q1 Earnings Expected to Decline
- Argo Group (ARGO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/26/2021
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Argo Group Announces that 2021 Annual General Meeting Will be Held in Virtual Format
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group Announces that 2021 Annual General Meeting Will be Held in Virtual Format
- 04/20/2021
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Argo Group Schedules First Quarter 2021 Earnings Release and Conference Call
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group Schedules First Quarter 2021 Earnings Release and Conference Call
- 04/01/2021
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Argo Group Announces Board Retirements
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group announces board retirements
- 03/25/2021
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Argo Group's Turnaround Story Seems Credible And Worth Considering
- After a surge in adverse reserve developments and activist investor involvement, Argo has changed its management team and its strategy, refocusing on what it has always done well. The U.S. specialty insurance business, long the franchise's crown jewel, will be the centerpiece and focus of the business, with management looking to maintain strong businesses and grow promising areas.
- 03/15/2021
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AM Best Revises Outlooks to Stable for Argo Group International Holdings, Ltd. and Its Subsidiaries; Affirms Credit Ratings
- OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Argo Re Ltd. (Argo Re) (Pembroke, Bermuda) and its subsidiaries. AM Best also has revised the outlooks to stable from negative and affirmed the Long-Term ICR of “bbb-” and the Long-Term Issue Credit Ratings (Long-Term IR) of the parent, Argo Group International Holdings, Ltd.
- 03/12/2021
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Argo Group International Holdings, Ltd. (ARGO) CEO Kevin Rehnberg on Q4 2020 Results - Earnings Call Transcript
- Argo Group International Holdings, Ltd. (ARGO) CEO Kevin Rehnberg on Q4 2020 Results - Earnings Call Transcript
- 02/18/2021
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Argo Group Announces Investor Update Meeting March 12, 2021, 10 a.m. EST
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group Announces Investor Update Meeting March 12, 2021, 10 a.m. EST
- 02/11/2021
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Argo Group Schedules 4th Quarter 2020 Earnings Release and Conference Call
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group Schedules 4th Quarter 2020 Earnings Release and Conference Call
- 01/12/2021
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Argo Group Announces Closing of Ariel Re Sale to Pelican Ventures and J.C. Flowers
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group Announces Closing of Ariel Re Sale to Pelican Ventures and J.C. Flowers
- 11/25/2020
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Argo Group International Holdings Ltd (ARGO) CEO Kevin Rehnberg on Q3 2020 Results - Earnings Call Transcript
- Argo Group International Holdings Ltd (ARGO) CEO Kevin Rehnberg on Q3 2020 Results - Earnings Call Transcript
- 11/03/2020
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Argo Group (ARGO) Reports Q3 Loss, Tops Revenue Estimates
- Argo Group (ARGO) delivered earnings and revenue surprises of 52.11% and 2.11%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
- 11/02/2020
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Recap: Argo Gr Intl Hldgs Q3 Earnings
- Shares of Argo Gr Intl Hldgs (NYSE:ARGO) were flat in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share increased 22.73% over the past year to ($0.34), which missed the estimate of $0.38.
- 11/02/2020
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Transition From LIBOR: What You Need To Know
- LIBOR's five-decade run is coming to an end. In the US, it will be replaced by SOFR.
- 09/08/2020
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Dividend Challenger Highlights: Week Of September 6
- A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends.
- 09/05/2020
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Argo Group: By Far, The Best Preferred Stock With An S&P Rating Of BB
- Argo Group International's Preferred A stock is one of a new breed of U.S. fixed-to-floating rate (reset rate) preferred stocks that are tied to the five-year U.S.
- 08/23/2020
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Dividend Challenger Highlights: Week Of August 23
- A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends.
- 08/22/2020
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Argo Group's Shares Edge Higher After An Insider Trade
- Shares of Argo Group International Holdings, Ltd. (NYSE:ARGO) moved higher by 0.9% from the previous closing price. Rehnberg Kevin James filed a Form 4 with the SEC on Monday, August 17. The insider sold 30,847 shares at $36.12 on Thursday, Aug 13, and bought 32,000 shares at $36.98 on Friday, Aug 14. . After the transactions, the executive's stake in Argo Gr Intl Hldgs Inc. movedto 19,953 shares.Why Insider Transactions Are Important? Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.Insiders buying stock after a notable sell off can indicate an insider's long-term belief in the success of the company; insiders buying stock at new highs can be an indication the exec doesn't feel the stock is overvalued. Conversely, insiders who are selling stock at new lows can potentially indicate some kind of capitulation moment. Insiders selling at new highs can indicate that exec wants to "take some profit" and "lock in a gain."Transaction Codes To Focus On Wall Street tends to focus on insider transactions which take place in the open market, viewed inside a Form 4 filing via codes P for purchase and S for sale. An open-market transaction means the insider went into the market of their own volition and made an active decision about the potential path for a company and its stock moving forward.Transaction codes other than P or S are often viewed with less conviction as they are often not tied to a decision by the exec. As an example, transaction code C indicates the conversion of an option. Transaction code A indicates the insider may have been forced to sell shares in order to receive compensation the exec was promised upon being hired by a company.See more from Benzinga * Earnings Scheduled For August 3, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 08/18/2020
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Argo Group International Holdings (ARGO) CEO Kevin James Rehnberg Bought $1.2 million of Shares
- CEO of Argo Group International Holdings (30-Year Financial, Insider Trades) Kevin James Rehnberg (insider trades) bought 32,000 shares of ARGO on 08/14/2020 at an average price of $36.98 a share. Continue reading...
- 08/18/2020
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Trade Alert: The Independent Chairman of the Board Of Argo Group International Holdings, Ltd. (NYSE:ARGO), Thomas Bradley, Has Just Spent US$112k Buying 20% More Shares
- Investors who take an interest in Argo Group International Holdings, Ltd. (NYSE:ARGO) should definitely note that the...
- 08/17/2020
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Argo Group Issues $0.31 Per Share Cash Dividend
- Argo Group Issues $0.31 per Share Cash Dividend
- 08/07/2020
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Argo Group International Holdings, Ltd. (ARGO) Q2 2020 Earnings Call Transcript
- Presenting on today's call is Kevin Rehnberg, Chief Executive Officer; and Jay Bullock, Chief Financial Officer. As a result of this conference call, Argo management may make comments that reflect their intentions, beliefs and expectations for the future. Argo Group undertakes no obligation to publicly update forward-looking statements as a result of events or developments subsequent to this call.
- 08/04/2020
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Argo Group (ARGO) Reports Q2 Loss, Lags Revenue Estimates
- Argo Group (ARGO) delivered earnings and revenue surprises of 67.44% and -2.02%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 08/03/2020
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Argo Group Reports 2020 Second Quarter Results
- Argo Group Reports 2020 Second Quarter Results
- 08/03/2020
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Earnings Preview: Argo Group (ARGO) Q2 Earnings Expected to Decline
- Argo Group (ARGO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/27/2020
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Argo Group International Holdings: Its New Preferred Stock IPO Is Worth Taking A Look At
- Argo Group International Holdings' new preferred stock, ARGO-A, trades at a current yield of 7.11%. Argo is low-leveraged with a good coverage of its debt payments.
- 07/23/2020
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Tech-Driven Vertical Farming Company Kalera Announces New CFO Fernando Cornejo
- ORLANDO, Fla., July 20, 2020 -- Today, technology-driven vertical farming company Kalera announced the appointment of Fernando Cornejo as Chief Financial Officer. Cornejo.
- 07/20/2020
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What You Need To Know About Argo Group International Holdings, Ltd.'s (NYSE:ARGO) Investor Composition
- If you want to know who really controls Argo Group International Holdings, Ltd. (NYSE:ARGO), then you'll have to look...
- 07/19/2020
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Argo affair is a warning for CEOs enjoying lavish perks
- The evening of May 6 2019 should have been a nice night out for Mark Watson III and his wife. Mr Watson had led specialist insurer Argo Group for almost two decades, during which time it had built up a market valuation as high as $2.7bn. The activist said the shortfall was partly down to Mr Watson using company money to fund his jet-setting lifestyle.
- 07/10/2020
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Argo Prices Public Offering of $150 Million of Depositary Shares Representing Its Resettable Fixed Rate Perpetual Non-Cumulative Preference Shares
- Argo Prices Public Offering of $150 Million of Depositary Shares Representing Its Resettable Fixed Rate Perpetual Non- Cumulative Preference Shares
- 07/07/2020
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Argo Group Announces Executive Leadership Responsibilities
- Argo Group Announces Executive Leadership Responsibilities
- 07/06/2020
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Argo Group Schedules Second Quarter 2020 Earnings Release and Conference Call
- Argo Group Schedules Second Quarter 2020 Earnings Release and Conference Call
- 07/02/2020
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Is Argo Group International Holdings, Ltd. (ARGO) A Good Stock To Buy?
- The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
- 06/28/2020
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The Independent Chairman of the Board of Argo Group International Holdings, Ltd. (NYSE:ARGO), Thomas Bradley, Just Bought 26% More Shares
- Whilst it may not be a huge deal, we thought it was good to see that the Argo Group International Holdings, Ltd...
- 05/20/2020
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New Strong Sell Stocks for May 19th
- Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
- 05/19/2020
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Argo Group International Holdings, Ltd. (ARGO) Q1 2020 Earnings Call Transcript
- Presenting on Today's call is Kevin Rehnberg, Chief Executive Officer, and Jay Bullock, Chief Financial Officer. As a result of this conference call, Argo management may make comments that reflect their intentions, beliefs, and expectations for the future.
- 05/09/2020
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New Strong Sell Stocks for May 8th
- Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
- 05/08/2020
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Argo Group Reports 2020 First Quarter Results
- Argo Group Reports 2020 First Quarter Results
- 05/07/2020
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Argo Group Issues $0.31 per Share Cash Dividend
- Argo Group Issues $0.31 per Share Cash Dividend
- 05/07/2020
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New Strong Sell Stocks for May 5th
- Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
- 05/05/2020
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Does Argo Group International Holdings, Ltd. (NYSE:ARGO) Have A High Beta?
- Anyone researching Argo Group International Holdings, Ltd. (NYSE:ARGO) might want to consider the historical...
- 05/01/2020
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BidaskClub Upgrades Argo Group (NASDAQ:ARGO) to Sell
- Argo Group (NASDAQ:ARGO) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday, BidAskClub reports. Several other equities analysts have also recently weighed in on ARGO. TheStreet cut shares of Argo Group from a “b-” rating to a “c” rating in […]
- 05/01/2020
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Analysts Estimate Argo Group (ARGO) to Report a Decline in Earnings: What to Look Out for
- Argo Group (ARGO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/30/2020
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Analysts Estimate Argo Group (ARGO) to Report a Decline in Earnings: What to Look Out for
- Argo Group (ARGO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/30/2020
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Argo’s Bitcoin Mining Sees 1,000% Revenue Jump in 2019
- Argo Blockchain, a United Kingdom-based cryptocurrency mining company, has reported a 1,000 percent spike in its revenue for 2019 with £8.62 million ($10.78 million).
- 04/30/2020
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BRIEF-Argo Group Expects To Report Pre-Tax Net Catastrophe Losses Of $29 Mln In Q1
- Argo Group International Holdings Ltd :
- 04/29/2020
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Argo Group Comments on Results for First Quarter 2020, Schedules Earnings Release and Conference Call
- Argo Group Comments on Results for First Quarter 2020, Schedules Earnings Release and Conference Call
- 04/29/2020
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Argo Group (NASDAQ:ARGO) Shares Up 5.1%
- Argo Group (NASDAQ:ARGO)’s share price shot up 5.1% on Monday . The company traded as high as $33.94 and last traded at $33.67, 222,540 shares changed hands during trading. A decline of 6% from the average session volume of 237,995 shares. The stock had previously closed at $32.05. A number of brokerages have weighed in […]
- 04/28/2020
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Analysts Estimate Argo Group (ARGO) to Report a Decline in Earnings: What to Look Out for
- Argo Group (ARGO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/27/2020
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Analysts Estimate Argo Group (ARGO) to Report a Decline in Earnings: What to Look Out for
- Argo Group (ARGO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/27/2020
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Ladenburg Thalmann Financial Services Inc. Has $37,000 Stock Holdings in Argo Group (NASDAQ:ARGO)
- Ladenburg Thalmann Financial Services Inc. trimmed its position in shares of Argo Group (NASDAQ:ARGO) by 39.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 571 shares of the company’s stock after selling 371 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings […]
- 04/25/2020
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Q1 2020 Earnings Forecast for Argo Group (NASDAQ:ARGO) Issued By Boenning Scattergood
- Argo Group (NASDAQ:ARGO) – Equities researchers at Boenning Scattergood dropped their Q1 2020 EPS estimates for Argo Group in a note issued to investors on Tuesday, April 21st. Boenning Scattergood analyst R. Farnam now expects that the company will post earnings per share of $0.34 for the quarter, down from their previous forecast of $0.76. […]
- 04/25/2020
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Biotechs Mersana Therapeutics, Crinetics See Activist Action
- Bain Capital Life Sciences plans to take an active role with Mersana, while Perceptive Advisors increased its stake in Crinetics.
- 04/25/2020
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New Strong Sell Stocks for April 24th
- Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
- 04/24/2020
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New Strong Sell Stocks for April 24th
- Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today
- 04/24/2020
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Argo Group (NASDAQ:ARGO) Price Target Cut to $55.00
- Argo Group (NASDAQ:ARGO) had its price objective decreased by Raymond James from $79.00 to $55.00 in a report issued on Friday morning, BenzingaRatingsTable reports. Raymond James currently has a strong-buy rating on the stock. A number of other analysts also recently weighed in on the stock. TheStreet downgraded shares of Argo Group from a b- […]
- 04/21/2020
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Argo Group (ARGO) Surges: Stock Moves 5.5% Higher
- Argo Group (ARGO) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.
- 04/20/2020
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Argo Group (ARGO) Surges: Stock Moves 5.5% Higher
- Argo Group (ARGO) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.
- 04/20/2020
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Argo And Dragonfly Become Incubating Projects At The CNCF
- Argo and Dragonfly are promising open source projects that deliver continuous deployment and accelerated image distribution for Kubernetes clusters.
- 04/19/2020
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Argo Group (NASDAQ:ARGO) Cut to Strong Sell at BidaskClub
- Argo Group (NASDAQ:ARGO) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday, BidAskClub reports. ARGO has been the topic of a number of other reports. TheStreet cut shares of Argo Group from a “b-” rating to a “c” rating in a […]
- 04/18/2020
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BRIEF-Argo Group Shareholders Elect New Board Members At AGM
- Argo Group International Holdings Ltd :
- 04/16/2020
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Argo Group Shareholders Elect New Board Members at 2020 Annual General Meeting
- Argo Group shareholders elect new board members at 2020 Annual General Meeting
- 04/16/2020
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Geode Capital Management LLC Has $28.78 Million Position in Argo Group (NASDAQ:ARGO)
- Geode Capital Management LLC lifted its stake in shares of Argo Group (NASDAQ:ARGO) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 437,791 shares of the company’s stock after purchasing an additional 16,026 shares during the quarter. Geode Capital Management LLC owned […]
- 04/13/2020
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Argo Group (NASDAQ:ARGO) Shares Sold by Alliancebernstein L.P.
- Alliancebernstein L.P. decreased its stake in shares of Argo Group (NASDAQ:ARGO) by 28.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,767 shares of the company’s stock after selling 18,210 shares during the quarter. Alliancebernstein L.P. owned about 0.13% of Argo Group […]
- 04/13/2020
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Renaissance Technologies LLC Has $892,000 Stock Holdings in Argo Group (NASDAQ:ARGO)
- Renaissance Technologies LLC lessened its holdings in Argo Group (NASDAQ:ARGO) by 64.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,565 shares of the company’s stock after selling 25,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Argo Group were worth […]
- 04/13/2020
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6,049 Shares in Argo Group (NASDAQ:ARGO) Bought by Cubist Systematic Strategies LLC
- Cubist Systematic Strategies LLC bought a new position in shares of Argo Group (NASDAQ:ARGO) during the fourth quarter, Holdings Channel.com reports. The fund bought 6,049 shares of the company’s stock, valued at approximately $398,000. A number of other hedge funds also recently made changes to their positions in the stock. Colony Group LLC increased its […]
- 04/12/2020
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Argo Group (NASDAQ:ARGO) Expected to Announce Quarterly Sales of $483.87 Million
- Wall Street brokerages expect Argo Group (NASDAQ:ARGO) to report sales of $483.87 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Argo Group’s earnings, with the lowest sales estimate coming in at $477.80 million and the highest estimate coming in at $491.30 million. Argo Group posted sales of $456.70 […]
- 04/10/2020
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Cadence Unlocking Private Credit With Launch of Dutch Auction System
- On the heels of unprecedented market volatility, Cadence Group, Inc., a leading fintech securitization platform, announced it has launched a Dutch auction for new investments made available on its platform.
- 04/08/2020
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Analysts Expect Argo Group (NASDAQ:ARGO) to Announce $0.58 EPS
- Wall Street brokerages predict that Argo Group (NASDAQ:ARGO) will announce $0.58 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Argo Group’s earnings, with estimates ranging from $0.30 to $0.76. Argo Group posted earnings of $1.18 per share during the same quarter last year, which […]
- 04/08/2020
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Hedge Funds Have Never Been This Bullish On Virgin Galactic Holdings, Inc. (SPCE)
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 04/08/2020
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Should You Buy NMI Holdings Inc (NMIH)?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 04/08/2020
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Hedge Funds Are Dumping Hilltop Holdings Inc. (HTH)
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 04/07/2020
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Hedge Funds Have Never Been More Bullish On Argo Group International Holdings, Ltd. (ARGO)
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 04/07/2020
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Is Now An Opportune Moment To Examine Argo Group International Holdings, Ltd. (NYSE:ARGO)?
- Argo Group International Holdings, Ltd. (NYSE:ARGO), which is in the insurance business, and is based in Bermuda, saw...
- 04/07/2020
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Argo Group (NASDAQ:ARGO) Shares Bought by Bank of New York Mellon Corp
- Bank of New York Mellon Corp raised its stake in Argo Group (NASDAQ:ARGO) by 23.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 307,145 shares of the company’s stock after buying an additional 57,348 shares during the quarter. Bank of New York Mellon […]
- 04/07/2020
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Argo Reports Record Q1 Bitcoin Mining Figures
- Argo Blockchain reported on Monday that it mined 918 Bitcoins in the first quarter of 2019, despite the struggles with the ongoing COVID-19 outbreak.
- 04/06/2020
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Argo Group (NASDAQ:ARGO) Shares Sold by Nuveen Asset Management LLC
- Nuveen Asset Management LLC lowered its stake in Argo Group (NASDAQ:ARGO) by 0.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 930,806 shares of the company’s stock after selling 2,202 shares during the quarter. Nuveen Asset Management LLC’s holdings in Argo Group were worth $61,200,000 as of its most recent SEC filing. A […]
- 04/06/2020
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Argo Group (NASDAQ:ARGO) Shares Purchased by Amalgamated Bank
- Amalgamated Bank boosted its position in Argo Group (NASDAQ:ARGO) by 8.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,194 shares of the company’s stock after purchasing an additional 426 shares during the quarter. Amalgamated Bank’s holdings in Argo Group were worth $342,000 as […]
- 03/30/2020
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Advisor Group Inc. Has $275,000 Stock Position in Argo Group (NASDAQ:ARGO)
- Advisor Group Inc. reduced its holdings in shares of Argo Group (NASDAQ:ARGO) by 34.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,191 shares of the company’s stock after selling 2,232 shares during the quarter. Advisor Group Inc.’s holdings in Argo […]
- 03/29/2020
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Credit Suisse AG Sells 4,481 Shares of Argo Group (NASDAQ:ARGO)
- Credit Suisse AG reduced its holdings in shares of Argo Group (NASDAQ:ARGO) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,471 shares of the company’s stock after selling 4,481 shares during the quarter. Credit Suisse AG owned 0.09% of […]
- 03/28/2020
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Big Stock Buys at Winnebago, National CineMedia
- Punch Card Capital lifted its holding in the maker of motor homes and recreational vehicles to 2,385,740 shares, and it wants changes at Winnebago.
- 03/28/2020
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Argo Group Announces That 2020 Annual General Meeting Will Be Held in Virtual Format
- Argo Group Announces that 2020 Annual General Meeting Will be Held in Virtual Format
- 03/26/2020
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Argo Group (NASDAQ:ARGO) Shares Purchased by ProShare Advisors LLC
- ProShare Advisors LLC lifted its stake in Argo Group (NASDAQ:ARGO) by 19.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,427 shares of the company’s stock after purchasing an additional 707 shares during the period. ProShare Advisors LLC’s holdings in Argo Group […]
- 03/24/2020
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Argo Group (NASDAQ:ARGO) Upgraded to Sell by BidaskClub
- Argo Group (NASDAQ:ARGO) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Tuesday, BidAskClub reports. Several other analysts have also issued reports on ARGO. Zacks Investment Research lowered shares of Argo Group from a “hold” rating to a “strong sell” rating in […]
- 03/24/2020
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Panagora Asset Management Inc. Purchases New Shares in Argo Group (NASDAQ:ARGO)
- Panagora Asset Management Inc. bought a new stake in shares of Argo Group (NASDAQ:ARGO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,794 shares of the company’s stock, valued at approximately $184,000. Several other hedge funds have also made changes […]
- 03/23/2020
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Argo Group (NASDAQ:ARGO) Shares Sold by Victory Capital Management Inc.
- Victory Capital Management Inc. reduced its position in shares of Argo Group (NASDAQ:ARGO) by 34.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,773 shares of the company’s stock after selling 41,390 shares during the period. Victory Capital […]
- 03/23/2020
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Equities Analysts Offer Predictions for Argo Group's Q2 2020 Earnings (NASDAQ:ARGO)
- Argo Group (NASDAQ:ARGO) – William Blair upped their Q2 2020 EPS estimates for shares of Argo Group in a research note issued on Tuesday, March 17th. William Blair analyst A. Klauber now expects that the company will earn $0.81 per share for the quarter, up from their prior estimate of $0.80. Other equities research analysts […]
- 03/22/2020
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Citigroup Inc. Sells 2,265 Shares of Argo Group (NASDAQ:ARGO)
- Citigroup Inc. trimmed its position in shares of Argo Group (NASDAQ:ARGO) by 18.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,870 shares of the company’s stock after selling 2,265 shares during the quarter. Citigroup Inc.’s holdings in Argo Group were worth […]
- 03/21/2020
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Argo Group (NASDAQ:ARGO) Expected to Earn Q1 2020 Earnings of $0.67 Per Share
- Argo Group (NASDAQ:ARGO) – Equities researchers at William Blair dropped their Q1 2020 earnings estimates for Argo Group in a research report issued to clients and investors on Tuesday, March 17th. William Blair analyst A. Klauber now forecasts that the company will post earnings of $0.67 per share for the quarter, down from their previous […]
- 03/20/2020
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Envestnet Asset Management Inc. Reduces Stock Position in Argo Group (NASDAQ:ARGO)
- Envestnet Asset Management Inc. reduced its position in shares of Argo Group (NASDAQ:ARGO) by 22.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,058 shares of the company’s stock after selling 11,193 shares during the period. Envestnet Asset Management Inc. owned […]
- 03/18/2020
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Argo Group (NASDAQ:ARGO) Trading Up 7.5% After Insider Buying Activity
- Argo Group (NASDAQ:ARGO)’s share price was up 7.5% during mid-day trading on Tuesday following insider buying activity. The company traded as high as $36.35 and last traded at $35.05, approximately 410,540 shares changed hands during mid-day trading. An increase of 127% from the average daily volume of 180,645 shares. The stock had previously closed at […]
- 03/18/2020
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AlphaCrest Capital Management LLC Takes Position in Argo Group (NASDAQ:ARGO)
- AlphaCrest Capital Management LLC bought a new stake in Argo Group (NASDAQ:ARGO) during the fourth quarter, HoldingsChannel reports. The firm bought 8,700 shares of the company’s stock, valued at approximately $572,000. Several other large investors also recently added to or reduced their stakes in the stock. Vestcor Investment Management Corp acquired a new stake in […]
- 03/18/2020
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Argo Group (NASDAQ:ARGO) Receives $71.05 Consensus Price Target from Analysts
- Argo Group (NASDAQ:ARGO) has been given a consensus rating of “Hold” by the seven analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price […]
- 03/18/2020
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Trade Alert: Samuel Liss At Argo Group International Holdings, Ltd. (NYSE:ARGO), Has Just Spent US$248k Buying Shares
- Investors who take an interest in Argo Group International Holdings, Ltd. (NYSE:ARGO) should definitely note that...
- 03/17/2020
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Trade Alert: Samuel Liss At Argo Group International Holdings, Ltd. (NYSE:ARGO), Has Just Spent US$248k Buying Shares
- Potential Argo Group International Holdings, Ltd. (NYSE:ARGO) shareholders may wish to note that insider Samuel Liss...
- 03/17/2020
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Samuel G. Liss Purchases 1,515 Shares of Argo Group (NASDAQ:ARGO) Stock
- Argo Group (NASDAQ:ARGO) Director Samuel G. Liss purchased 1,515 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was bought at an average price of $32.30 per share, with a total value of $48,934.50. Following the completion of the acquisition, the director now owns 7,107 shares in the company, […]
- 03/17/2020
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Argo Group (NASDAQ:ARGO) Director Thomas A. Bradley Purchases 5,000 Shares
- Argo Group (NASDAQ:ARGO) Director Thomas A. Bradley bought 5,000 shares of Argo Group stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $35.09 per share, with a total value of $175,450.00. Following the completion of the purchase, the director now directly owns 4,331 shares in the company, […]
- 03/17/2020
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Argo Group (NASDAQ:ARGO) Expected to Post Quarterly Sales of $484.70 Million
- Wall Street brokerages expect Argo Group (NASDAQ:ARGO) to report sales of $484.70 million for the current quarter, according to Zacks. Three analysts have issued estimates for Argo Group’s earnings, with the highest sales estimate coming in at $491.30 million and the lowest estimate coming in at $480.30 million. Argo Group reported sales of $456.70 million […]
- 03/17/2020
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Analysts Set Expectations for Argo Group's Q1 2020 Earnings (NASDAQ:ARGO)
- Argo Group (NASDAQ:ARGO) – Investment analysts at Boenning Scattergood issued their Q1 2020 earnings per share (EPS) estimates for shares of Argo Group in a research note issued on Monday, March 9th. Boenning Scattergood analyst R. Farnam forecasts that the company will earn $0.76 per share for the quarter. Boenning Scattergood also issued estimates for […]
- 03/13/2020
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Bank of Montreal Can Has $1.49 Million Position in Argo Group (NASDAQ:ARGO)
- Bank of Montreal Can lowered its stake in shares of Argo Group (NASDAQ:ARGO) by 74.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 22,646 shares of the company’s stock after selling 65,209 shares during the period. Bank of Montreal Can owned approximately 0.07% of Argo Group worth […]
- 03/12/2020
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How local stocks fared as stock markets post massive declines
- Stocks took another plummet this week to the point where trading was halted.
- 03/09/2020
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Dividend Challenger Highlights: Week Of March 8
- A weekly summary of dividend activity for Dividend Challengers. Companies which declared increased dividends. Companies with upcoming ex-dividend dates. Compani
- 03/08/2020
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KBC Group NV Acquires 24,555 Shares of Argo Group (NASDAQ:ARGO)
- KBC Group NV grew its holdings in Argo Group (NASDAQ:ARGO) by 5,280.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,020 shares of the company’s stock after acquiring an additional 24,555 shares during the quarter. KBC Group NV’s holdings in Argo Group […]
- 03/08/2020
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Argo Group (NASDAQ:ARGO) Position Boosted by Barclays PLC
- Barclays PLC grew its holdings in shares of Argo Group (NASDAQ:ARGO) by 91.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,418 shares of the company’s stock after purchasing an additional 15,961 shares during the period. Barclays PLC owned approximately […]
- 03/07/2020
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Argo Group (NASDAQ:ARGO) Downgraded by BidaskClub to Strong Sell
- Argo Group (NASDAQ:ARGO) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday, BidAskClub reports. Other equities research analysts have also issued research reports about the company. Keefe, Bruyette & Woods restated a “buy” rating and issued a $74.00 price objective on shares of […]
- 03/06/2020
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Analysts' Recent Ratings Changes for Argo Group (ARGO)
- Argo Group (NASDAQ: ARGO) recently received a number of ratings updates from brokerages and research firms: 2/26/2020 – Argo Group was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating. 2/24/2020 – Argo Group was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating. 2/17/2020 – […]
- 03/04/2020
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Charles Schwab Investment Management Inc. Sells 20,243 Shares of Argo Group (NASDAQ:ARGO)
- Charles Schwab Investment Management Inc. lessened its position in shares of Argo Group (NASDAQ:ARGO) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 297,587 shares of the company’s stock after selling 20,243 shares during the quarter. Charles Schwab […]
- 03/03/2020
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William Blair Weighs in on Argo Group's Q1 2020 Earnings (NASDAQ:ARGO)
- Argo Group (NASDAQ:ARGO) – Research analysts at William Blair cut their Q1 2020 EPS estimates for Argo Group in a note issued to investors on Tuesday, February 25th. William Blair analyst A. Klauber now forecasts that the company will post earnings per share of $0.74 for the quarter, down from their previous forecast of $0.98. […]
- 02/28/2020
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Argo Group (NASDAQ:ARGO) Forecasted to Earn Q3 2020 Earnings of $0.56 Per Share
- Argo Group (NASDAQ:ARGO) – Investment analysts at William Blair lowered their Q3 2020 earnings estimates for Argo Group in a research note issued on Tuesday, February 25th. William Blair analyst A. Klauber now anticipates that the company will post earnings of $0.56 per share for the quarter, down from their previous estimate of $0.71. William […]
- 02/28/2020
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Aptus Capital Advisors LLC Boosts Holdings in Argo Group (NASDAQ:ARGO)
- Aptus Capital Advisors LLC increased its holdings in Argo Group (NASDAQ:ARGO) by 19.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,584 shares of the company’s stock after buying an additional 1,079 shares during the quarter. Aptus Capital Advisors LLC’s holdings […]
- 02/27/2020
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TheStreet Downgrades Argo Group (NASDAQ:ARGO) to C
- TheStreet lowered shares of Argo Group (NASDAQ:ARGO) from a b- rating to a c rating in a research note published on Monday morning, TheStreetRatingsTable reports. A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Argo Group from a hold rating to a strong sell rating in […]
- 02/27/2020
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AM Best Removes From Under Review With Negative Implications and Downgrades Credit Ratings of Argo Group International Holdings, Ltd. and Its Subsidiaries
- AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellen
- 02/26/2020
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Argo Group International Holdings, Ltd. Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?
- Argo Group International Holdings, Ltd. (NYSE:ARGO) shares fell 3.9% to US$60.48 in the week since its latest annual...
- 02/26/2020
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Here’s What Analysts Are Forecasting For Argo Group International Holdings, Ltd. After Its Annual Results
- Argo Group International Holdings, Ltd. (NYSE:ARGO) shares fell 3.9% to US$60.48 in the week since its latest...
- 02/26/2020
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Argo Group (NASDAQ:ARGO) Stock Rating Upgraded by BidaskClub
- Argo Group (NASDAQ:ARGO) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Wednesday, BidAskClub reports. ARGO has been the topic of a number of other research reports. TheStreet raised shares of Argo Group from a “c+” rating to a “b-” rating in a report […]
- 02/26/2020
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Argo Group International Holdings, Ltd. (ARGO) Q4 2019 Earnings Call Transcript
- ARGO earnings call for the period ending December 30, 2019.
- 02/25/2020
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Argo Group International Holdings, Ltd. (ARGO) CEO Kevin Rehnberg on Q4 2019 Results - Earnings Call Transcript
- Argo Group International Holdings, Ltd. (NYSE:ARGO) Q4 2019 Earnings Conference Call February 25, 2020 11:00 AM ET Company Participants Brett Shirreffs - Head o
- 02/25/2020
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Argo Group (ARGO) Reports Q4 Loss, Lags Revenue Estimates
- Argo Group (ARGO) delivered earnings and revenue surprises of 1.38% and -3.38%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- 02/24/2020
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Argo Group (ARGO) Reports Q4 Loss, Lags Revenue Estimates
- Argo Group (ARGO) delivered earnings and revenue surprises of 1.38% and -3.38%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- 02/24/2020
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Argo Group: 4Q Earnings Snapshot
- PEMBROKE, Bermuda (AP) _ Argo Group International Holdings Ltd. (ARGO) on Monday reported a loss of $103.3 million in its fourth quarter. The results topped Wall Street expectations. The property and casualty insurance underwriter posted revenue of $484.5 million in the period.
- 02/24/2020
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BRIEF-Argo Group Posts Quarterly Loss Per Share Of $3.01
- Argo Group International Holdings Ltd :
- 02/24/2020
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Argo Group Reports 2019 Fourth Quarter and Full-Year Results
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group Reports 2019 Fourth Quarter and Full-Year Results
- 02/24/2020
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Dividend Investors: Don’t Be Too Quick To Buy Argo Group International Holdings, Ltd. (NYSE:ARGO) For Its Upcoming Dividend
- Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
- 02/24/2020
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Don't Race Out To Buy Argo Group International Holdings, Ltd. (NYSE:ARGO) Just Because It's Going Ex-Dividend
- Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Argo Group...
- 02/24/2020
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Eagle Asset Management Inc. Invests $14.78 Million in Argo Group (NASDAQ:ARGO)
- Eagle Asset Management Inc. purchased a new position in shares of Argo Group (NASDAQ:ARGO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 224,751 shares of the company’s stock, valued at approximately $14,777,000. Eagle Asset Management Inc. owned about 0.65% of […]
- 02/23/2020
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Argo Group (NASDAQ:ARGO) Shares Bought by Comerica Bank
- Comerica Bank grew its stake in shares of Argo Group (NASDAQ:ARGO) by 33.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,275 shares of the company’s stock after acquiring an additional 18,410 shares during the period. Comerica Bank’s holdings in […]
- 02/23/2020
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Dividend Challenger Highlights: Week Of February 23
- A weekly summary of dividend activity for Dividend Challengers. Companies which declared increased dividends. Companies with upcoming ex-dividend dates. Compani
- 02/22/2020
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Argo Group (ARGO) to Release Quarterly Earnings on Monday
- Argo Group (NASDAQ:ARGO) is scheduled to be announcing its earnings results after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link. NASDAQ:ARGO opened at $62.65 on […]
- 02/22/2020
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BRIEF-Argo Group Nominates Bernard C. Bailey And Fred R. Donne For Election To Board
- Argo Group International Holdings Ltd :
- 02/19/2020
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Argo Group Announces Board of Directors Nominees: Dr. Bernard C. Bailey and Fred R. Donner
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group Announces Board of Directors Nominees: Dr. Bernard C. Bailey and Fred R. Donner
- 02/19/2020
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Argo Group Announces Board of Directors Nominees: Dr. Bernard C. Bailey and Fred R. Donner | MarketScreener
- February 19, 2020 HAMILTON, Bermuda - February 20, 2020 - Argo Group International Holdings, Ltd. , an international underwriter of specialty insurance and reinsurance… | February 19, 2020
- 02/19/2020
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Argo hires permanent CEO, appoints new board chair
- The new CEO has been with the company for seven years and will step into the role effective immediately.
- 02/18/2020
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BRIEF-Thomas Bradley To Serve As Argo Group Chairman
- Argo Group International Holdings Ltd :
- 02/18/2020
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Thomas A. Bradley to Serve as Argo Group Chairman; Kevin J. Rehnberg Named CEO and Board Nominee
- Thomas A. Bradley to Serve as Argo Group Chairman Kevin J. Rehnberg Named CEO and Board Nominee
- 02/18/2020
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Argo Group Issues $0.31 per Share Cash Dividend
- Argo Group Issues $0.31 per Share Cash Dividend
- 02/18/2020
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New Strong Sell Stocks for February 18th
- Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
- 02/18/2020
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New Strong Sell Stocks for February 18th
- Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today
- 02/18/2020
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Analysts Estimate Argo Group (ARGO) to Report a Decline in Earnings: What to Look Out for
- Argo Group (ARGO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/17/2020
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Analysts Estimate Argo Group (ARGO) to Report a Decline in Earnings: What to Look Out for
- Argo Group (ARGO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/17/2020
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Should We Be Cautious About Argo Group International Holdings, Ltd.’s (NYSE:ARGO) ROE Of 2.7%?
- Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- 02/15/2020
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Argo Groups' fourth quarter earnings deemed 'clearly unacceptable' by new leadership
- The company, which is undergoing a refreshment after its CEO stepped down, anticipates a multimillion dollar underwriting loss.
- 02/13/2020
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Argo Warns of $114M Underwriting Loss, Extra Costs From Watson’s Departure
- Argo Group International Holdings Ltd. is warning that its 2019 fourth quarter will feature some “unacceptable” results, particularly a $114 million underwriting loss. Separately, there are also added expenses relating to the abrupt departure of controversial former CEO Mark Watson …
- 02/13/2020
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BRIEF-Argo Group Comments On Results For Fourth Quarter 2019
- Argo Group International Holdings Ltd :
- 02/12/2020
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Argo Group sees Q4 operating loss
- Argo Group International Holdings' (NYSE:ARGO) expects an underwriting loss of ~$114M for Q4, as a result of prior accident year losses of ~$77M, current accident year losses of ~$30M, catatastrophe l
- 02/12/2020
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Argo Group Comments on Results for Fourth Quarter 2019, Schedules Earnings Release and Conference Call
- HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group Comments on Results for Fourth Quarter 2019, Schedules Earnings Release and Conference Call
- 02/12/2020
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Argo Group to sell local insurance, risk management unit for $37M profit
- Argo Group International Holdings, Ltd. will sell its insurance and risk management business based in San Antonio and Springfield, Massachusetts.
- 02/07/2020
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Argo Group Announces the Appointment of Carol A. McFate to Its Board of Directors
- Argo Group Announces the Appointment of Carol A. McFate to Its Board of Directors
- 02/07/2020
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BRIEF-Argo Group Announces Agreement To Sell Trident Public Risk Solutions To Paragon Insurance Holdings, Llc
- Argo Group International Holdings Ltd :
- 02/06/2020
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Argo Group Announces Agreement to Sell Trident Public Risk Solutions to Paragon Insurance Holdings, LLC
- Argo Group Announces Agreement to Sell Trident Public Risk Solutions to Paragon Insurance Holdings, LLC
- 02/06/2020
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Analysts Estimate Argo Group (ARGO) to Report a Decline in Earnings: What to Look Out for
- Argo Group (ARGO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/03/2020
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Analysts Estimate Argo Group (ARGO) to Report a Decline in Earnings: What to Look Out for
- Argo Group (ARGO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/03/2020
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American Financial Group: An Under-Appreciated Compounder
- Diversified lines of business allow for optimal capital allocation to lines of business that generate the highest returns. Consistent history of superior underw
- 01/30/2020
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Analysts Set Argo Group (NASDAQ:ARGO) Price Target at $71.05
- Shares of Argo Group (NASDAQ:ARGO) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have […]
- 01/28/2020
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Argo Group International Holdings, Ltd. (NYSE:ARGO) Delivered A Weaker ROE Than Its Industry
- Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- 01/27/2020
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FY2019 Earnings Estimate for Argo Group (NASDAQ:ARGO) Issued By Boenning Scattergood
- Argo Group (NASDAQ:ARGO) – Analysts at Boenning Scattergood cut their FY2019 earnings estimates for Argo Group in a research report issued on Thursday, January 23rd. Boenning Scattergood analyst R. Farnam now anticipates that the company will post earnings of $1.30 per share for the year, down from their prior estimate of $1.50. Boenning Scattergood currently […]
- 01/27/2020
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Why Argo Group International Holdings, Ltd.’s (NYSE:ARGO) High P/E Ratio Isn’t Necessarily A Bad Thing
- This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll show...
- 01/25/2020
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811 Shares in Argo Group (NASDAQ:ARGO) Acquired by Allworth Financial LP
- Allworth Financial LP acquired a new position in Argo Group (NASDAQ:ARGO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 811 shares of the company’s stock, valued at approximately $53,000. A number of other large investors have also modified their […]
- 01/18/2020
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Argo Group (NASDAQ:ARGO) Shares Sold by Hennessy Advisors Inc.
- Hennessy Advisors Inc. trimmed its position in Argo Group (NASDAQ:ARGO) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,100 shares of the company’s stock after selling 1,400 shares during the quarter. Hennessy Advisors Inc.’s holdings in Argo Group were worth $2,571,000 […]
- 01/16/2020
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Argo Group (NASDAQ:ARGO) Upgraded to Hold at Zacks Investment Research
- Zacks Investment Research upgraded shares of Argo Group (NASDAQ:ARGO) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday, Zacks.com reports. According to Zacks, “PXRE Group Ltd. provides reinsurance products and services to a worldwide marketplace. They primarily emphasize commercial and personal property and casualty reinsurance risks, […]
- 01/12/2020
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Argo names new board members in agreement with activist investor
- The agreement calls off the planned special meetings as part of Argo's ongoing board changes nearly a year after the activist investor targeted the company's former CEO for spending.
- 01/03/2020
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Argo and Shareholder Voce Lay Down Their Swords, Agree to 3 New Board Members
- Argo Group International Holdings Ltd., the Bermuda-based re/insurer, announced it has agreed with activist shareholder Voce Capital Management to change the composition of Argo’s board with the addition of three new directors. The agreement ends a contentious dispute with Voce, …
- 01/02/2020
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Argo Group, Tivity Health, Horizon Global, and Other 13D Filings
- Sizing up Praesidium’s stake in Resideo Technologies
- 12/28/2019
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