This company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsArgo Group International Holdings (ARGO) 주식 개요Argo Group International Holdings, Ltd. underwrites specialty insurance and reinsurance products in the property and casualty markets. 자세히 보기ARGO 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장3/6과거 실적0/6재무 건전성3/6배당0/6강점수익은 매년 127.74% 증가할 것으로 예상됩니다.위험 분석우리의 위험 점검에서 ARGO에 대한 위험이 감지되지 않았습니다.모든 위험 점검 보기ARGO Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueUS$Current PriceUS$29.999.4% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-198m2b2016201920222025202620282031Revenue US$1.3bEarnings US$139.7mAdvancedSet Fair ValueView all narrativesArgo Group International Holdings, Ltd. 경쟁사AMERISAFESymbol: NasdaqGS:AMSFMarket cap: US$594.4mBowhead Specialty HoldingsSymbol: NYSE:BOWMarket cap: US$901.4mSafety Insurance GroupSymbol: NasdaqGS:SAFTMarket cap: US$1.1bEmployers HoldingsSymbol: NYSE:EIGMarket cap: US$846.7m가격 이력 및 성과Argo Group International Holdings 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가US$29.9952주 최고가US$30.1352주 최저가US$24.35베타0.991개월 변동0.74%3개월 변동0.94%1년 변동13.99%3년 변동-25.42%5년 변동-55.39%IPO 이후 변동99.95%최근 뉴스 및 업데이트공시 • Nov 29Argo Group International Holdings, Ltd. Files Form 15Argo Group International Holdings, Ltd. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $1.00 per share.공시 • Nov 18+ 3 more updatesBrookfield Reinsurance Ltd. (NYSE:BNRE) completed the acquisition of Argo Group International Holdings, Ltd. from Voce Capital Management, LLC, Pzena Investment Management LLC and other shareholders.Brookfield Reinsurance Ltd. (NYSE:BNRE) entered into a definitive agreement to acquire Argo Group International Holdings, Ltd. from Voce Capital Management, LLC, Pzena Investment Management LLC and other shareholders for $1.1 billion on February 8, 2023. The consideration will be paid in cash. As part of the agreement, each issued and outstanding Argo common share will be converted into the right to receive $30.00 in cash at closing of the merger, funded by existing cash on hand and liquidity available to Brookfield Reinsurance. Under the terms of the merger agreement, Argo has agreed to suspend the payment of dividends on its common shares through the closing of the transaction. J. Daniel Plants, a member of the Argo Board of Directors (the “Board”) and Chairman of its Strategic Review Committee, has notified the company of his intention to step down from the Board, effective immediately. The transaction is subject to approval by Argo Group International Holdings, Ltd shareholders and other closing conditions customary for a transaction of this type, including receipt of insurance regulatory approvals in relevant jurisdictions and the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Brookfield Reinsurance Ltd and Argo Group International Holdings, Ltd boards of directors unanimously approved the merger agreement. Argo Group has agreed to pay Goldman Sachs a transaction fee of approximately $10.5 million. In connection with the merger, on March 8, 2023, Argo and Brookfield Reinsurance filed required notifications with the Department of Justice’s Antitrust Division and the Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”). The applicable waiting period under the HSR Act expired on April 7, 2023. As of April 19, 2023, shareholders of Argo approved the merger. The transaction is expected to close in the second half of 2023. Andrew Jamieson, Drew Dutton, Dylan Sanders, Caroline Geiger, Josh Herzka, Michael Bolotin, Eric Juergens, Susan Reagan Gittes, Michael Snypes and Keith Slattery of Debevoise & Plimpton LLP acted as legal advisors to Brookfield Reinsurance Ltd. Goldman Sachs & Co. LLC acted as financial advisor and fairness opinion provider to Argo Group International Holdings, Ltd. Freed, Todd E, Hough, Jessica A, and Lewis, Patrick J of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisors to Argo Group International Holdings, Ltd. Eleazer Klein and Adriana Schwartz of Schulte Roth & Zabel LLP acted as legal advisors to Voce Capital Management, LLC. Brookfield Reinsurance Ltd. (NYSE:BNRE) completed the acquisition of Argo Group International Holdings, Ltd. from Voce Capital Management, LLC, Pzena Investment Management LLC and other shareholders on November 16, 2023. In connection with closing, Jessica Snyder will assume the role of chief executive officer of Argo, succeeding Thomas Bradley who has announced his intention to retire upon closing. Argo's common shares have ceased trading on the New York Stock Exchange.공시 • Nov 17Argo Group International Holdings, Ltd.(NYSE:ARGO) dropped from S&P Global BMI IndexArgo Group International Holdings, Ltd.(NYSE:ARGO) dropped from S&P Global BMI IndexReported Earnings • Nov 10Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: US$1.41 loss per share (improved from US$1.47 loss in 3Q 2022). Revenue: US$378.4m (down 15% from 3Q 2022). Net loss: US$49.5m (loss narrowed 3.7% from 3Q 2022). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 08Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: US$0.014 loss per share (improved from US$0.54 loss in 2Q 2022). Revenue: US$364.3m (down 18% from 2Q 2022). Net loss: US$500.0k (loss narrowed 97% from 2Q 2022). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.공시 • Jul 26Argo Group International Holdings, Ltd. to Report Q2, 2023 Results on Aug 07, 2023Argo Group International Holdings, Ltd. announced that they will report Q2, 2023 results After-Market on Aug 07, 2023더 많은 업데이트 보기Recent updates공시 • Nov 29Argo Group International Holdings, Ltd. Files Form 15Argo Group International Holdings, Ltd. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $1.00 per share.공시 • Nov 18+ 3 more updatesBrookfield Reinsurance Ltd. (NYSE:BNRE) completed the acquisition of Argo Group International Holdings, Ltd. from Voce Capital Management, LLC, Pzena Investment Management LLC and other shareholders.Brookfield Reinsurance Ltd. (NYSE:BNRE) entered into a definitive agreement to acquire Argo Group International Holdings, Ltd. from Voce Capital Management, LLC, Pzena Investment Management LLC and other shareholders for $1.1 billion on February 8, 2023. The consideration will be paid in cash. As part of the agreement, each issued and outstanding Argo common share will be converted into the right to receive $30.00 in cash at closing of the merger, funded by existing cash on hand and liquidity available to Brookfield Reinsurance. Under the terms of the merger agreement, Argo has agreed to suspend the payment of dividends on its common shares through the closing of the transaction. J. Daniel Plants, a member of the Argo Board of Directors (the “Board”) and Chairman of its Strategic Review Committee, has notified the company of his intention to step down from the Board, effective immediately. The transaction is subject to approval by Argo Group International Holdings, Ltd shareholders and other closing conditions customary for a transaction of this type, including receipt of insurance regulatory approvals in relevant jurisdictions and the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Brookfield Reinsurance Ltd and Argo Group International Holdings, Ltd boards of directors unanimously approved the merger agreement. Argo Group has agreed to pay Goldman Sachs a transaction fee of approximately $10.5 million. In connection with the merger, on March 8, 2023, Argo and Brookfield Reinsurance filed required notifications with the Department of Justice’s Antitrust Division and the Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”). The applicable waiting period under the HSR Act expired on April 7, 2023. As of April 19, 2023, shareholders of Argo approved the merger. The transaction is expected to close in the second half of 2023. Andrew Jamieson, Drew Dutton, Dylan Sanders, Caroline Geiger, Josh Herzka, Michael Bolotin, Eric Juergens, Susan Reagan Gittes, Michael Snypes and Keith Slattery of Debevoise & Plimpton LLP acted as legal advisors to Brookfield Reinsurance Ltd. Goldman Sachs & Co. LLC acted as financial advisor and fairness opinion provider to Argo Group International Holdings, Ltd. Freed, Todd E, Hough, Jessica A, and Lewis, Patrick J of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisors to Argo Group International Holdings, Ltd. Eleazer Klein and Adriana Schwartz of Schulte Roth & Zabel LLP acted as legal advisors to Voce Capital Management, LLC. Brookfield Reinsurance Ltd. (NYSE:BNRE) completed the acquisition of Argo Group International Holdings, Ltd. from Voce Capital Management, LLC, Pzena Investment Management LLC and other shareholders on November 16, 2023. In connection with closing, Jessica Snyder will assume the role of chief executive officer of Argo, succeeding Thomas Bradley who has announced his intention to retire upon closing. Argo's common shares have ceased trading on the New York Stock Exchange.공시 • Nov 17Argo Group International Holdings, Ltd.(NYSE:ARGO) dropped from S&P Global BMI IndexArgo Group International Holdings, Ltd.(NYSE:ARGO) dropped from S&P Global BMI IndexReported Earnings • Nov 10Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: US$1.41 loss per share (improved from US$1.47 loss in 3Q 2022). Revenue: US$378.4m (down 15% from 3Q 2022). Net loss: US$49.5m (loss narrowed 3.7% from 3Q 2022). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 08Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: US$0.014 loss per share (improved from US$0.54 loss in 2Q 2022). Revenue: US$364.3m (down 18% from 2Q 2022). Net loss: US$500.0k (loss narrowed 97% from 2Q 2022). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.공시 • Jul 26Argo Group International Holdings, Ltd. to Report Q2, 2023 Results on Aug 07, 2023Argo Group International Holdings, Ltd. announced that they will report Q2, 2023 results After-Market on Aug 07, 2023Reported Earnings • May 10First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: US$1.04 loss per share (further deteriorated from US$0.10 loss in 1Q 2022). Revenue: US$401.7m (down 17% from 1Q 2022). Net loss: US$36.4m (loss widened US$32.8m from 1Q 2022). Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) were also behind analyst expectations. Revenue is expected to decline by 1.6% p.a. on average during the next 2 years, while revenues in the Insurance industry in the US are expected to grow by 5.9%. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Lead Independent Director Bernard Bailey was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 01Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: US$5.31 loss per share (further deteriorated from US$0.11 loss in FY 2021). Revenue: US$1.75b (down 18% from FY 2021). Net loss: US$185.7m (loss widened US$181.9m from FY 2021). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is expected to decline by 4.6% p.a. on average during the next 2 years, while revenues in the Insurance industry in the US are expected to grow by 5.5%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.공시 • Feb 16Argo Group International Holdings, Ltd. to Report Q4, 2022 Results on Feb 27, 2023Argo Group International Holdings, Ltd. announced that they will report Q4, 2022 results After-Market on Feb 27, 2023공시 • Feb 14Argo Group International Holdings, Ltd. Announces J. Daniel Plants Steps Down from Board of DirectorsArgo Group International Holdings, Ltd. (announced that J. Daniel Plants, a member of the Argo Board of Directors and Chairman of its Strategic Review Committee, has notified the company of his intention to step down from the Board, effective immediately. Mr. Plants is Founder and Chief Investment Officer of Voce Capital Management LLC, Argo’s largest shareholder. He was appointed to the Board on August 4, 2022.공시 • Feb 10Brookfield Reinsurance Ltd. entered into a definitive agreement to acquire Argo Group International Holdings, Ltd. from Voce Capital Management, LLC and other shareholders for $1.1 billion.Brookfield Reinsurance Ltd. entered into a definitive agreement to acquire Argo Group International Holdings, Ltd. from Voce Capital Management, LLC and other shareholders for $1.1 billion on February 8, 2023. The consideration will be paid in cash. As part of the agreement, each issued and outstanding Argo common share will be converted into the right to receive $30.00 in cash at closing of the merger, funded by existing cash on hand and liquidity available to Brookfield Reinsurance. Under the terms of the merger agreement, Argo has agreed to suspend the payment of dividends on its common shares through the closing of the transaction. The transaction is subject to approval by Argo Group International Holdings, Ltd shareholders and other closing conditions customary for a transaction of this type, including receipt of insurance regulatory approvals in relevant jurisdictions and the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Brookfield Reinsurance Ltd and Argo Group International Holdings, Ltd boards of directors unanimously approved the merger agreement. The transaction is expected to close in the second half of 2023. Andrew Jamieson, Drew Dutton, Dylan Sanders, Caroline Geiger, Josh Herzka, Michael Bolotin, Eric Juergens, Susan Reagan Gittes, Michael Snypes and Keith Slattery of Debevoise & Plimpton LLP acted as legal advisor to Brookfield Reinsurance Ltd. Goldman Sachs & Co. LLC acted as financial advisor to Argo Group International Holdings, Ltd. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Argo Group International Holdings, Ltd.Seeking Alpha • Feb 08Argo Group trades higher on proposed acquisition by Brookfield ReinsuranceArgo Group International Holdings (NYSE:ARGO) shares were trading ~6% up pre-market on a proposed acquisition by Brookfield Reinsurance (NYSE:BNRE). BNRE is set to acquire Argo in an all-cash transaction valued at ~$1.1B. Each issued and outstanding Argo share will be converted into a right to receive $30 in cash at the close of the merger. The transaction will be funded with existing cash on hand and liquidity available to Brookfield Reinsurance. The consideration per Argo share represents a 6.7% premium to the company's Feb. 7 closing share price. The boards of both the companies have approved the merger agreement. The merger is expected to close in H1. In connection with the merger, Argo has agreed to suspend any dividend payment on its shares. Source: Press ReleaseSeeking Alpha • Jan 12Arch Capital enters auction for Argo Group - reportArch Capital (NASDAQ:ACGL) has entered into a sales process for Argo Group's (NYSE:ARGO). Arch Capital (ACGL) is said to have made a late entry for a potential purchase of insurer Argo (ARGO) as the "thinly contested process struggles to reach a conclusion," according to an Inside P&C report from Thursday. The report also said talks with Core Specialty and Enstar (ESGR) "grind on." Argo (ARGO) fell 6.7% on low volume in early trading on Thursday. The update comes after Insurance Insider in September said that Argo (ARGO) is said to have restarted a sales process. Argo's adviser Goldman Sachs is said to have approached potential buyers about their interest. In April Argo said its board had started an exploration of strategic alternatives, including a potential sale or merger.Upcoming Dividend • Nov 22Upcoming dividend of US$0.31 per shareEligible shareholders must have bought the stock before 29 November 2022. Payment date: 15 December 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.8%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (2.2%).분석 기사 • Nov 21Argo Group International Holdings (NYSE:ARGO) Will Pay A Dividend Of $0.31Argo Group International Holdings, Ltd. ( NYSE:ARGO ) will pay a dividend of $0.31 on the 15th of December. The...Reported Earnings • Nov 08Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: US$1.47 loss per share (down from US$0.57 profit in 3Q 2021). Revenue: US$444.3m (down 16% from 3Q 2021). Net loss: US$51.4m (down 360% from profit in 3Q 2021). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 40%. Revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Insurance industry in the US are expected to grow by 5.5%. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.분석 기사 • Nov 07Argo Group International Holdings (NYSE:ARGO) Has Announced A Dividend Of $0.31Argo Group International Holdings, Ltd.'s ( NYSE:ARGO ) investors are due to receive a payment of $0.31 per share on...Seeking Alpha • Nov 04Argo Group International declares $0.31 dividendArgo Group International (NYSE:ARGO) declares $0.31/share quarterly dividend, in line with previous. Forward yield 5.18% Payable Dec. 15; for shareholders of record Nov. 30; ex-div Nov. 29. See ARGO Dividend Scorecard, Yield Chart, & Dividend Growth.Seeking Alpha • Sep 13Argo Group gains on report of restarted sales processInsurance company Argo Group (NYSE:ARGO) rose 2.7% on a report that it's restarted a sales process. Argo's (ARGO) adviser Goldman Sachs is said to have approached potential buyers about their interest, according to an Insurance Insider report. Recall in April Argo said its board had started an exploration of strategic alternatives, including a potential sale or merger. Developing story ...Seeking Alpha • Aug 29Argo Group International goes ex-dividend tomorrowArgo Group International (NYSE:ARGO) had declared $0.31/share quarterly dividend, in line with previous. Payable Sept. 15; for shareholders of record Aug. 31; ex-div Aug. 30. See ARGO Dividend Scorecard, Yield Chart, & Dividend Growth.분석 기사 • Aug 25Argo Group International Holdings (NYSE:ARGO) Is Due To Pay A Dividend Of $0.31Argo Group International Holdings, Ltd.'s ( NYSE:ARGO ) investors are due to receive a payment of $0.31 per share on...Upcoming Dividend • Aug 23Upcoming dividend of US$0.31 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 15 September 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 6.1%. Within top quartile of American dividend payers (4.1%). Higher than average of industry peers (2.3%).분석 기사 • Aug 11Argo Group International Holdings (NYSE:ARGO) Is Paying Out A Dividend Of $0.31Argo Group International Holdings, Ltd. ( NYSE:ARGO ) has announced that it will pay a dividend of $0.31 per share on...Reported Earnings • Aug 10Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: US$0.54 loss per share (down from US$1.93 profit in 2Q 2021). Revenue: US$443.2m (down 19% from 2Q 2021). Net loss: US$18.9m (down 128% from profit in 2Q 2021). Revenue missed analyst estimates by 15%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 1.6%, compared to a 1.7% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.Seeking Alpha • Aug 05Argo Group International declares $0.31 dividendArgo Group International (NYSE:ARGO) declares $0.31/share quarterly dividend, in line with previous. Forward yield 3.92% Payable Sept. 15; for shareholders of record Aug. 31; ex-div Aug. 30.Price Target Changed • Jul 08Price target decreased to US$45.25Down from US$55.00, the current price target is an average from 4 analysts. New target price is 33% above last closing price of US$34.11. Stock is down 34% over the past year. The company is forecast to post earnings per share of US$2.72 next year compared to a net loss per share of US$0.11 last year.Seeking Alpha • Mar 10Argo Group Has To Rebuild Confidence After Renewed Concerns About Underwriting And ReservesSizable adverse reserve developments in the fourth quarter not only hit reported results but seriously damaged investor confidence in the turnaround story. A significant portion of the developments was tied to discontinued or rehabilitated business lines, but underwriting problems are seldom a one-off event and it will take time to rebuild confidence. Management continues to execute on a cogent turnaround plan, with real progress on the expense side, but the end-markets are likely to get less accommodating. If Argo can generate long-term core earnings growth in the high-single digits, without further significant adverse developments, the shares offer solid upside, but it's going to take time.분석 기사 • Feb 24Argo Group International Holdings' (NYSE:ARGO) Dividend Will Be US$0.31Argo Group International Holdings, Ltd. ( NYSE:ARGO ) will pay a dividend of US$0.31 on the 15th of March. The dividend...Reported Earnings • Feb 24Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: US$0.14 loss per share (up from US$1.70 loss in FY 2020). Revenue: US$2.13b (up 13% from FY 2020). Net loss: US$4.70m (loss narrowed 92% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 76%. Over the next year, revenue is forecast to stay flat compared to a 1.9% decline forecast for the insurance industry in the US. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Feb 10Consensus forecasts updatedThe consensus outlook for 2021 has been updated. Expected to report loss instead of -US$0.53 instead of US$4.24 per share profit previously forecast. . Revenue forecast unchanged at US$2.12b Insurance industry in the US expected to see average net income decline 3.3% next year. Consensus price target down from US$70.00 to US$53.75. Share price fell 24% to US$42.82 over the past week.Price Target Changed • Feb 09Price target decreased to US$53.75Down from US$66.50, the current price target is an average from 5 analysts. New target price is 20% above last closing price of US$44.76. Stock is up 5.9% over the past year. The company is forecast to post earnings per share of US$3.02 next year compared to a net loss per share of US$1.70 last year.Valuation Update With 7 Day Price Move • Feb 09Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to US$44.76, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Insurance industry in the US. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$74.17 per share.Buying Opportunity • Jan 19Now 20% undervaluedOver the last 90 days, the stock is up 6.3%. The fair value is estimated to be US$72.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% per annum over the last 3 years. The company has become profitable over the last year.Upcoming Dividend • Nov 22Upcoming dividend of US$0.31 per shareEligible shareholders must have bought the stock before 29 November 2021. Payment date: 15 December 2021. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (3.5%). In line with average of industry peers (2.3%).Price Target Changed • Nov 04Price target increased to US$67.50Up from US$63.00, the current price target is an average from 5 analysts. New target price is 15% above last closing price of US$58.90. Stock is up 61% over the past year. The company is forecast to post earnings per share of US$3.59 next year compared to a net loss per share of US$1.70 last year.Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS US$0.57 (vs US$0.91 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$528.3m (up 9.3% from 3Q 2020). Net income: US$19.8m (up US$51.4m from 3Q 2020). Profit margin: 3.7% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Aug 23Upcoming dividend of US$0.31 per shareEligible shareholders must have bought the stock before 30 August 2021. Payment date: 15 September 2021. Trailing yield: 2.3%. Lower than top quartile of American dividend payers (3.6%). In line with average of industry peers (2.3%).Seeking Alpha • Aug 14Argo Group: Strategic Repositioning Coming Along, Shares Still UndervaluedArgo announced better than expected second quarter results; while the majority of the earnings beat was driven by the investment portfolio, underwriting income was still better than expected. Argo is leaning into a hard market, using strong rates to write E&S business in its new core markets like professional lines, casualty, construction, and surety. Argo may not return to double-digit ROEs until 2023 or 2024, which is a negative for sentiment, but the underwriting profitability of the new U.S. core operations is attractive. Long-term core earnings growth of around 9% and a 10% ROE in 2023 can both support a fair value in the low $60s today and longer-term annualized returns in the double digits.Reported Earnings • Aug 04Second quarter 2021 earnings released: EPS US$1.93 (vs US$0.18 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$547.7m (up 20% from 2Q 2020). Net income: US$67.1m (up US$73.5m from 2Q 2020). Profit margin: 12% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.Price Target Changed • Aug 04Price target increased to US$66.50Up from US$60.00, the current price target is an average from 5 analysts. New target price is 25% above last closing price of US$53.11. Stock is up 60% over the past year.분석 기사 • Jan 28Argo Group International Holdings'(NYSE:ARGO) Share Price Is Down 34% Over The Past Year.While it may not be enough for some shareholders, we think it is good to see the Argo Group International Holdings...Is New 90 Day High Low • Jan 07New 90-day high: US$46.12The company is up 24% from its price of US$37.05 on 08 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$39.26 per share.분석 기사 • Dec 22Need To Know: Argo Group International Holdings, Ltd. (NYSE:ARGO) Insiders Have Been Buying SharesIt is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...Is New 90 Day High Low • Dec 05New 90-day high: US$44.12The company is up 18% from its price of US$37.31 on 04 September 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$15.25 per share.주주 수익률ARGOUS InsuranceUS 시장7D0.03%3.9%-2.4%1Y14.0%-5.5%21.5%전체 주주 수익률 보기수익률 대 산업: ARGO은 지난 1년 동안 -5.5%의 수익을 기록한 US Insurance 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: ARGO은 지난 1년 동안 21.5%의 수익을 기록한 US 시장과 동일한 성과를 보였습니다.주가 변동성Is ARGO's price volatile compared to industry and market?ARGO volatilityARGO Average Weekly Movement0.3%Insurance Industry Average Movement4.3%Market Average Movement7.3%10% most volatile stocks in US Market16.7%10% least volatile stocks in US Market3.1%안정적인 주가: ARGO는 지난 3개월 동안 US 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: ARGO의 주간 변동성(0%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트19571,215Tom Bradleywww.argolimited.com더 보기Argo Group International Holdings, Ltd. 기초 지표 요약Argo Group International Holdings의 순이익과 매출은 시가총액과 어떻게 비교됩니까?ARGO 기초 통계시가총액US$1.06b순이익 (TTM)-US$198.20m매출 (TTM)US$1.53b0.7x주가매출비율(P/S)-5.3x주가수익비율(P/E)ARGO는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표ARGO 손익계산서 (TTM)매출US$1.53b매출원가US$1.66b총이익-US$127.10m기타 비용US$71.10m순이익-US$198.20m최근 보고된 실적Sep 30, 2023다음 실적 발표일해당 없음주당순이익(EPS)-5.63총이익률-8.32%순이익률-12.97%부채/자본 비율34.1%ARGO의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/11/17 02:28종가2023/11/15 00:00수익2023/09/30연간 수익2022/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Argo Group International Holdings, Ltd.는 10명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Matthew CarlettiCitizens JMP Securities, LLCCasey AlexanderCompass Point Research & Trading, LLCBijan MoazamiGuggenheim Securities, LLC7명의 분석가 더 보기
공시 • Nov 29Argo Group International Holdings, Ltd. Files Form 15Argo Group International Holdings, Ltd. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $1.00 per share.
공시 • Nov 18+ 3 more updatesBrookfield Reinsurance Ltd. (NYSE:BNRE) completed the acquisition of Argo Group International Holdings, Ltd. from Voce Capital Management, LLC, Pzena Investment Management LLC and other shareholders.Brookfield Reinsurance Ltd. (NYSE:BNRE) entered into a definitive agreement to acquire Argo Group International Holdings, Ltd. from Voce Capital Management, LLC, Pzena Investment Management LLC and other shareholders for $1.1 billion on February 8, 2023. The consideration will be paid in cash. As part of the agreement, each issued and outstanding Argo common share will be converted into the right to receive $30.00 in cash at closing of the merger, funded by existing cash on hand and liquidity available to Brookfield Reinsurance. Under the terms of the merger agreement, Argo has agreed to suspend the payment of dividends on its common shares through the closing of the transaction. J. Daniel Plants, a member of the Argo Board of Directors (the “Board”) and Chairman of its Strategic Review Committee, has notified the company of his intention to step down from the Board, effective immediately. The transaction is subject to approval by Argo Group International Holdings, Ltd shareholders and other closing conditions customary for a transaction of this type, including receipt of insurance regulatory approvals in relevant jurisdictions and the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Brookfield Reinsurance Ltd and Argo Group International Holdings, Ltd boards of directors unanimously approved the merger agreement. Argo Group has agreed to pay Goldman Sachs a transaction fee of approximately $10.5 million. In connection with the merger, on March 8, 2023, Argo and Brookfield Reinsurance filed required notifications with the Department of Justice’s Antitrust Division and the Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”). The applicable waiting period under the HSR Act expired on April 7, 2023. As of April 19, 2023, shareholders of Argo approved the merger. The transaction is expected to close in the second half of 2023. Andrew Jamieson, Drew Dutton, Dylan Sanders, Caroline Geiger, Josh Herzka, Michael Bolotin, Eric Juergens, Susan Reagan Gittes, Michael Snypes and Keith Slattery of Debevoise & Plimpton LLP acted as legal advisors to Brookfield Reinsurance Ltd. Goldman Sachs & Co. LLC acted as financial advisor and fairness opinion provider to Argo Group International Holdings, Ltd. Freed, Todd E, Hough, Jessica A, and Lewis, Patrick J of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisors to Argo Group International Holdings, Ltd. Eleazer Klein and Adriana Schwartz of Schulte Roth & Zabel LLP acted as legal advisors to Voce Capital Management, LLC. Brookfield Reinsurance Ltd. (NYSE:BNRE) completed the acquisition of Argo Group International Holdings, Ltd. from Voce Capital Management, LLC, Pzena Investment Management LLC and other shareholders on November 16, 2023. In connection with closing, Jessica Snyder will assume the role of chief executive officer of Argo, succeeding Thomas Bradley who has announced his intention to retire upon closing. Argo's common shares have ceased trading on the New York Stock Exchange.
공시 • Nov 17Argo Group International Holdings, Ltd.(NYSE:ARGO) dropped from S&P Global BMI IndexArgo Group International Holdings, Ltd.(NYSE:ARGO) dropped from S&P Global BMI Index
Reported Earnings • Nov 10Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: US$1.41 loss per share (improved from US$1.47 loss in 3Q 2022). Revenue: US$378.4m (down 15% from 3Q 2022). Net loss: US$49.5m (loss narrowed 3.7% from 3Q 2022). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 08Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: US$0.014 loss per share (improved from US$0.54 loss in 2Q 2022). Revenue: US$364.3m (down 18% from 2Q 2022). Net loss: US$500.0k (loss narrowed 97% from 2Q 2022). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
공시 • Jul 26Argo Group International Holdings, Ltd. to Report Q2, 2023 Results on Aug 07, 2023Argo Group International Holdings, Ltd. announced that they will report Q2, 2023 results After-Market on Aug 07, 2023
공시 • Nov 29Argo Group International Holdings, Ltd. Files Form 15Argo Group International Holdings, Ltd. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $1.00 per share.
공시 • Nov 18+ 3 more updatesBrookfield Reinsurance Ltd. (NYSE:BNRE) completed the acquisition of Argo Group International Holdings, Ltd. from Voce Capital Management, LLC, Pzena Investment Management LLC and other shareholders.Brookfield Reinsurance Ltd. (NYSE:BNRE) entered into a definitive agreement to acquire Argo Group International Holdings, Ltd. from Voce Capital Management, LLC, Pzena Investment Management LLC and other shareholders for $1.1 billion on February 8, 2023. The consideration will be paid in cash. As part of the agreement, each issued and outstanding Argo common share will be converted into the right to receive $30.00 in cash at closing of the merger, funded by existing cash on hand and liquidity available to Brookfield Reinsurance. Under the terms of the merger agreement, Argo has agreed to suspend the payment of dividends on its common shares through the closing of the transaction. J. Daniel Plants, a member of the Argo Board of Directors (the “Board”) and Chairman of its Strategic Review Committee, has notified the company of his intention to step down from the Board, effective immediately. The transaction is subject to approval by Argo Group International Holdings, Ltd shareholders and other closing conditions customary for a transaction of this type, including receipt of insurance regulatory approvals in relevant jurisdictions and the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Brookfield Reinsurance Ltd and Argo Group International Holdings, Ltd boards of directors unanimously approved the merger agreement. Argo Group has agreed to pay Goldman Sachs a transaction fee of approximately $10.5 million. In connection with the merger, on March 8, 2023, Argo and Brookfield Reinsurance filed required notifications with the Department of Justice’s Antitrust Division and the Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”). The applicable waiting period under the HSR Act expired on April 7, 2023. As of April 19, 2023, shareholders of Argo approved the merger. The transaction is expected to close in the second half of 2023. Andrew Jamieson, Drew Dutton, Dylan Sanders, Caroline Geiger, Josh Herzka, Michael Bolotin, Eric Juergens, Susan Reagan Gittes, Michael Snypes and Keith Slattery of Debevoise & Plimpton LLP acted as legal advisors to Brookfield Reinsurance Ltd. Goldman Sachs & Co. LLC acted as financial advisor and fairness opinion provider to Argo Group International Holdings, Ltd. Freed, Todd E, Hough, Jessica A, and Lewis, Patrick J of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisors to Argo Group International Holdings, Ltd. Eleazer Klein and Adriana Schwartz of Schulte Roth & Zabel LLP acted as legal advisors to Voce Capital Management, LLC. Brookfield Reinsurance Ltd. (NYSE:BNRE) completed the acquisition of Argo Group International Holdings, Ltd. from Voce Capital Management, LLC, Pzena Investment Management LLC and other shareholders on November 16, 2023. In connection with closing, Jessica Snyder will assume the role of chief executive officer of Argo, succeeding Thomas Bradley who has announced his intention to retire upon closing. Argo's common shares have ceased trading on the New York Stock Exchange.
공시 • Nov 17Argo Group International Holdings, Ltd.(NYSE:ARGO) dropped from S&P Global BMI IndexArgo Group International Holdings, Ltd.(NYSE:ARGO) dropped from S&P Global BMI Index
Reported Earnings • Nov 10Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: US$1.41 loss per share (improved from US$1.47 loss in 3Q 2022). Revenue: US$378.4m (down 15% from 3Q 2022). Net loss: US$49.5m (loss narrowed 3.7% from 3Q 2022). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 08Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: US$0.014 loss per share (improved from US$0.54 loss in 2Q 2022). Revenue: US$364.3m (down 18% from 2Q 2022). Net loss: US$500.0k (loss narrowed 97% from 2Q 2022). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Insurance industry in the US. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
공시 • Jul 26Argo Group International Holdings, Ltd. to Report Q2, 2023 Results on Aug 07, 2023Argo Group International Holdings, Ltd. announced that they will report Q2, 2023 results After-Market on Aug 07, 2023
Reported Earnings • May 10First quarter 2023 earnings: EPS and revenues miss analyst expectationsFirst quarter 2023 results: US$1.04 loss per share (further deteriorated from US$0.10 loss in 1Q 2022). Revenue: US$401.7m (down 17% from 1Q 2022). Net loss: US$36.4m (loss widened US$32.8m from 1Q 2022). Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) were also behind analyst expectations. Revenue is expected to decline by 1.6% p.a. on average during the next 2 years, while revenues in the Insurance industry in the US are expected to grow by 5.9%. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Lead Independent Director Bernard Bailey was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 01Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: US$5.31 loss per share (further deteriorated from US$0.11 loss in FY 2021). Revenue: US$1.75b (down 18% from FY 2021). Net loss: US$185.7m (loss widened US$181.9m from FY 2021). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is expected to decline by 4.6% p.a. on average during the next 2 years, while revenues in the Insurance industry in the US are expected to grow by 5.5%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.
공시 • Feb 16Argo Group International Holdings, Ltd. to Report Q4, 2022 Results on Feb 27, 2023Argo Group International Holdings, Ltd. announced that they will report Q4, 2022 results After-Market on Feb 27, 2023
공시 • Feb 14Argo Group International Holdings, Ltd. Announces J. Daniel Plants Steps Down from Board of DirectorsArgo Group International Holdings, Ltd. (announced that J. Daniel Plants, a member of the Argo Board of Directors and Chairman of its Strategic Review Committee, has notified the company of his intention to step down from the Board, effective immediately. Mr. Plants is Founder and Chief Investment Officer of Voce Capital Management LLC, Argo’s largest shareholder. He was appointed to the Board on August 4, 2022.
공시 • Feb 10Brookfield Reinsurance Ltd. entered into a definitive agreement to acquire Argo Group International Holdings, Ltd. from Voce Capital Management, LLC and other shareholders for $1.1 billion.Brookfield Reinsurance Ltd. entered into a definitive agreement to acquire Argo Group International Holdings, Ltd. from Voce Capital Management, LLC and other shareholders for $1.1 billion on February 8, 2023. The consideration will be paid in cash. As part of the agreement, each issued and outstanding Argo common share will be converted into the right to receive $30.00 in cash at closing of the merger, funded by existing cash on hand and liquidity available to Brookfield Reinsurance. Under the terms of the merger agreement, Argo has agreed to suspend the payment of dividends on its common shares through the closing of the transaction. The transaction is subject to approval by Argo Group International Holdings, Ltd shareholders and other closing conditions customary for a transaction of this type, including receipt of insurance regulatory approvals in relevant jurisdictions and the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Brookfield Reinsurance Ltd and Argo Group International Holdings, Ltd boards of directors unanimously approved the merger agreement. The transaction is expected to close in the second half of 2023. Andrew Jamieson, Drew Dutton, Dylan Sanders, Caroline Geiger, Josh Herzka, Michael Bolotin, Eric Juergens, Susan Reagan Gittes, Michael Snypes and Keith Slattery of Debevoise & Plimpton LLP acted as legal advisor to Brookfield Reinsurance Ltd. Goldman Sachs & Co. LLC acted as financial advisor to Argo Group International Holdings, Ltd. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Argo Group International Holdings, Ltd.
Seeking Alpha • Feb 08Argo Group trades higher on proposed acquisition by Brookfield ReinsuranceArgo Group International Holdings (NYSE:ARGO) shares were trading ~6% up pre-market on a proposed acquisition by Brookfield Reinsurance (NYSE:BNRE). BNRE is set to acquire Argo in an all-cash transaction valued at ~$1.1B. Each issued and outstanding Argo share will be converted into a right to receive $30 in cash at the close of the merger. The transaction will be funded with existing cash on hand and liquidity available to Brookfield Reinsurance. The consideration per Argo share represents a 6.7% premium to the company's Feb. 7 closing share price. The boards of both the companies have approved the merger agreement. The merger is expected to close in H1. In connection with the merger, Argo has agreed to suspend any dividend payment on its shares. Source: Press Release
Seeking Alpha • Jan 12Arch Capital enters auction for Argo Group - reportArch Capital (NASDAQ:ACGL) has entered into a sales process for Argo Group's (NYSE:ARGO). Arch Capital (ACGL) is said to have made a late entry for a potential purchase of insurer Argo (ARGO) as the "thinly contested process struggles to reach a conclusion," according to an Inside P&C report from Thursday. The report also said talks with Core Specialty and Enstar (ESGR) "grind on." Argo (ARGO) fell 6.7% on low volume in early trading on Thursday. The update comes after Insurance Insider in September said that Argo (ARGO) is said to have restarted a sales process. Argo's adviser Goldman Sachs is said to have approached potential buyers about their interest. In April Argo said its board had started an exploration of strategic alternatives, including a potential sale or merger.
Upcoming Dividend • Nov 22Upcoming dividend of US$0.31 per shareEligible shareholders must have bought the stock before 29 November 2022. Payment date: 15 December 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.8%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (2.2%).
분석 기사 • Nov 21Argo Group International Holdings (NYSE:ARGO) Will Pay A Dividend Of $0.31Argo Group International Holdings, Ltd. ( NYSE:ARGO ) will pay a dividend of $0.31 on the 15th of December. The...
Reported Earnings • Nov 08Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: US$1.47 loss per share (down from US$0.57 profit in 3Q 2021). Revenue: US$444.3m (down 16% from 3Q 2021). Net loss: US$51.4m (down 360% from profit in 3Q 2021). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 40%. Revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Insurance industry in the US are expected to grow by 5.5%. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.
분석 기사 • Nov 07Argo Group International Holdings (NYSE:ARGO) Has Announced A Dividend Of $0.31Argo Group International Holdings, Ltd.'s ( NYSE:ARGO ) investors are due to receive a payment of $0.31 per share on...
Seeking Alpha • Nov 04Argo Group International declares $0.31 dividendArgo Group International (NYSE:ARGO) declares $0.31/share quarterly dividend, in line with previous. Forward yield 5.18% Payable Dec. 15; for shareholders of record Nov. 30; ex-div Nov. 29. See ARGO Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Sep 13Argo Group gains on report of restarted sales processInsurance company Argo Group (NYSE:ARGO) rose 2.7% on a report that it's restarted a sales process. Argo's (ARGO) adviser Goldman Sachs is said to have approached potential buyers about their interest, according to an Insurance Insider report. Recall in April Argo said its board had started an exploration of strategic alternatives, including a potential sale or merger. Developing story ...
Seeking Alpha • Aug 29Argo Group International goes ex-dividend tomorrowArgo Group International (NYSE:ARGO) had declared $0.31/share quarterly dividend, in line with previous. Payable Sept. 15; for shareholders of record Aug. 31; ex-div Aug. 30. See ARGO Dividend Scorecard, Yield Chart, & Dividend Growth.
분석 기사 • Aug 25Argo Group International Holdings (NYSE:ARGO) Is Due To Pay A Dividend Of $0.31Argo Group International Holdings, Ltd.'s ( NYSE:ARGO ) investors are due to receive a payment of $0.31 per share on...
Upcoming Dividend • Aug 23Upcoming dividend of US$0.31 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 15 September 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 6.1%. Within top quartile of American dividend payers (4.1%). Higher than average of industry peers (2.3%).
분석 기사 • Aug 11Argo Group International Holdings (NYSE:ARGO) Is Paying Out A Dividend Of $0.31Argo Group International Holdings, Ltd. ( NYSE:ARGO ) has announced that it will pay a dividend of $0.31 per share on...
Reported Earnings • Aug 10Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: US$0.54 loss per share (down from US$1.93 profit in 2Q 2021). Revenue: US$443.2m (down 19% from 2Q 2021). Net loss: US$18.9m (down 128% from profit in 2Q 2021). Revenue missed analyst estimates by 15%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 1.6%, compared to a 1.7% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
Seeking Alpha • Aug 05Argo Group International declares $0.31 dividendArgo Group International (NYSE:ARGO) declares $0.31/share quarterly dividend, in line with previous. Forward yield 3.92% Payable Sept. 15; for shareholders of record Aug. 31; ex-div Aug. 30.
Price Target Changed • Jul 08Price target decreased to US$45.25Down from US$55.00, the current price target is an average from 4 analysts. New target price is 33% above last closing price of US$34.11. Stock is down 34% over the past year. The company is forecast to post earnings per share of US$2.72 next year compared to a net loss per share of US$0.11 last year.
Seeking Alpha • Mar 10Argo Group Has To Rebuild Confidence After Renewed Concerns About Underwriting And ReservesSizable adverse reserve developments in the fourth quarter not only hit reported results but seriously damaged investor confidence in the turnaround story. A significant portion of the developments was tied to discontinued or rehabilitated business lines, but underwriting problems are seldom a one-off event and it will take time to rebuild confidence. Management continues to execute on a cogent turnaround plan, with real progress on the expense side, but the end-markets are likely to get less accommodating. If Argo can generate long-term core earnings growth in the high-single digits, without further significant adverse developments, the shares offer solid upside, but it's going to take time.
분석 기사 • Feb 24Argo Group International Holdings' (NYSE:ARGO) Dividend Will Be US$0.31Argo Group International Holdings, Ltd. ( NYSE:ARGO ) will pay a dividend of US$0.31 on the 15th of March. The dividend...
Reported Earnings • Feb 24Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: US$0.14 loss per share (up from US$1.70 loss in FY 2020). Revenue: US$2.13b (up 13% from FY 2020). Net loss: US$4.70m (loss narrowed 92% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 76%. Over the next year, revenue is forecast to stay flat compared to a 1.9% decline forecast for the insurance industry in the US. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Feb 10Consensus forecasts updatedThe consensus outlook for 2021 has been updated. Expected to report loss instead of -US$0.53 instead of US$4.24 per share profit previously forecast. . Revenue forecast unchanged at US$2.12b Insurance industry in the US expected to see average net income decline 3.3% next year. Consensus price target down from US$70.00 to US$53.75. Share price fell 24% to US$42.82 over the past week.
Price Target Changed • Feb 09Price target decreased to US$53.75Down from US$66.50, the current price target is an average from 5 analysts. New target price is 20% above last closing price of US$44.76. Stock is up 5.9% over the past year. The company is forecast to post earnings per share of US$3.02 next year compared to a net loss per share of US$1.70 last year.
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to US$44.76, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Insurance industry in the US. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$74.17 per share.
Buying Opportunity • Jan 19Now 20% undervaluedOver the last 90 days, the stock is up 6.3%. The fair value is estimated to be US$72.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% per annum over the last 3 years. The company has become profitable over the last year.
Upcoming Dividend • Nov 22Upcoming dividend of US$0.31 per shareEligible shareholders must have bought the stock before 29 November 2021. Payment date: 15 December 2021. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (3.5%). In line with average of industry peers (2.3%).
Price Target Changed • Nov 04Price target increased to US$67.50Up from US$63.00, the current price target is an average from 5 analysts. New target price is 15% above last closing price of US$58.90. Stock is up 61% over the past year. The company is forecast to post earnings per share of US$3.59 next year compared to a net loss per share of US$1.70 last year.
Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS US$0.57 (vs US$0.91 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$528.3m (up 9.3% from 3Q 2020). Net income: US$19.8m (up US$51.4m from 3Q 2020). Profit margin: 3.7% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Aug 23Upcoming dividend of US$0.31 per shareEligible shareholders must have bought the stock before 30 August 2021. Payment date: 15 September 2021. Trailing yield: 2.3%. Lower than top quartile of American dividend payers (3.6%). In line with average of industry peers (2.3%).
Seeking Alpha • Aug 14Argo Group: Strategic Repositioning Coming Along, Shares Still UndervaluedArgo announced better than expected second quarter results; while the majority of the earnings beat was driven by the investment portfolio, underwriting income was still better than expected. Argo is leaning into a hard market, using strong rates to write E&S business in its new core markets like professional lines, casualty, construction, and surety. Argo may not return to double-digit ROEs until 2023 or 2024, which is a negative for sentiment, but the underwriting profitability of the new U.S. core operations is attractive. Long-term core earnings growth of around 9% and a 10% ROE in 2023 can both support a fair value in the low $60s today and longer-term annualized returns in the double digits.
Reported Earnings • Aug 04Second quarter 2021 earnings released: EPS US$1.93 (vs US$0.18 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$547.7m (up 20% from 2Q 2020). Net income: US$67.1m (up US$73.5m from 2Q 2020). Profit margin: 12% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
Price Target Changed • Aug 04Price target increased to US$66.50Up from US$60.00, the current price target is an average from 5 analysts. New target price is 25% above last closing price of US$53.11. Stock is up 60% over the past year.
분석 기사 • Jan 28Argo Group International Holdings'(NYSE:ARGO) Share Price Is Down 34% Over The Past Year.While it may not be enough for some shareholders, we think it is good to see the Argo Group International Holdings...
Is New 90 Day High Low • Jan 07New 90-day high: US$46.12The company is up 24% from its price of US$37.05 on 08 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$39.26 per share.
분석 기사 • Dec 22Need To Know: Argo Group International Holdings, Ltd. (NYSE:ARGO) Insiders Have Been Buying SharesIt is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
Is New 90 Day High Low • Dec 05New 90-day high: US$44.12The company is up 18% from its price of US$37.31 on 04 September 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$15.25 per share.
