Argo Group International (NYSE:ARGO) Upgraded by Morgan Stanley – 3 stars to Overweight

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Argo Group International stock has undergone multiple analysts rating changes in the recent past.  Argo Group International Upgraded by Morgan Stanley – 3 stars on 10/18/2021. In a note to investors, the firm issued a new rating of Overweight. The analysts previously had rating of Equal Weight.

Shares of Argo Group International traded up $0.27 on , reaching $55.80. 0 shares of the stock traded hands, compared to its average volume of 124518. Shares of Argo Group International were trading at $55.80 on . The firm’s 50 day moving average is $53.51 and its 200 day moving average is $51.26.Argo Group International has a 12 month low of $55.59 and a 12 month high of $58.61. While on yearly highs and lows, Argo Group International’s today has traded high as $56.78 and has touched $55.59 on the downward trend. See More Analyst Rating at: RATING

Argo Group International Earnings and What to expect: 

Argo Group International last announced its quarterly earnings results on August 1st, 2021. The reported $1.60 EPS for the quarter, beating the consensus estimate of $0.93 by $0.67. The company had revenue of $523 million for the quarter, compared to analysts’ expectations of $493.73 million. Argo Group International has generated ($0.64) earnings per share over the last year ($1.22 diluted earnings per share) and currently has a price-to-earnings ratio of 45.7. Earnings for Argo Group International are expected to grow by 26.24% in the coming year, from $3.43 to $4.33 per share. Argo Group International has confirmed that its next quarterly earnings report will be published on Tuesday, November 2nd, 2021. Argo Group International will be holding an earnings conference call on Wednesday, November 3rd at 10:00 AM Eastern. Interested parties can or dial in at 866-813-9403 with passcode “467489”.

Earnings for Argo Group International are expected to grow by 26.24% in the coming year, from $3.43 to $4.33 per share. The P/E ratio of Argo Group International is 45.74, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.47. The P/E ratio of Argo Group International is 45.74, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 14.48. Argo Group International has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Argo Group International (NYSE:ARGO) Moving Average Technical Analysis

5 day Moving Average is $54.94 And 5 day price change is -$0.29 (-0.52%)  with average volume for 5 day average is 117,220. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $53.27 and 20 day price change is $4.68 (9.15%) and average 20 day moving volume is 118,195. 50 day moving average is $53.51  and 50 day price change is $1.45 ( 2.67%)  and with average volume for 50 days is : 110,314. 200 day moving average is $51.26  and 200 day price change is $12.03 (27.48%)  and with average volume for 200 days is : 135,581.

Other owners latest trading in Argo Group International :

  • On 10/14/2021 shares held by Wedge Capital Management L L P NC were 252,695 which equates to market value of $13.20M and appx 0.20% owners of Argo Group International
  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 198,440 which equates to market value of $10.29M and appx 0.00% owners of Argo Group International
  • On 8/26/2021 shares held by Comerica Bank were 72,785 which equates to market value of $3.94M and appx 0.00% owners of Argo Group International
  • In total Institutional ownership equates to Institutional Ownership Percentage: 90.32% for Argo Group International

See More Analyst Rating at: RATING