NYSE:ARGO

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Argo Group International Holdings

Executive Summary

Argo Group International Holdings, Ltd. underwrites specialty insurance and reinsurance products in the property and casualty markets. More Details


Snowflake Analysis

Average dividend payer with moderate growth potential.


Similar Companies

Share Price & News

How has Argo Group International Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ARGO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ARGO's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

0.02%

ARGO

0.4%

US Insurance

0.3%

US Market


1 Year Return

-34.9%

ARGO

-3.2%

US Insurance

21.1%

US Market

Return vs Industry: ARGO underperformed the US Insurance industry which returned -4.7% over the past year.

Return vs Market: ARGO underperformed the US Market which returned 19.5% over the past year.


Shareholder returns

ARGOIndustryMarket
7 Day0.02%0.4%0.3%
30 Day3.9%3.7%3.3%
90 Day22.6%15.4%14.2%
1 Year-32.8%-34.9%-0.4%-3.2%23.8%21.1%
3 Year-14.5%-20.0%12.7%4.1%45.0%35.4%
5 Year15.4%4.6%74.6%52.5%127.7%102.3%

Long-Term Price Volatility Vs. Market

How volatile is Argo Group International Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Argo Group International Holdings undervalued compared to its fair value and its price relative to the market?

0.91x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: ARGO ($45.31) is trading above our estimate of fair value ($40.11)

Significantly Below Fair Value: ARGO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ARGO is unprofitable, so we can't compare its PE Ratio to the US Insurance industry average.

PE vs Market: ARGO is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ARGO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ARGO's PB Ratio (0.9x) is in line with the US Insurance industry average.


Next Steps

Future Growth

How is Argo Group International Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

98.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ARGO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: ARGO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ARGO's is expected to become profitable in the next 3 years.

Revenue vs Market: ARGO's revenue (4.2% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: ARGO's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ARGO's Return on Equity is forecast to be low in 3 years time (7.4%).


Next Steps

Past Performance

How has Argo Group International Holdings performed over the past 5 years?

-47.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ARGO is currently unprofitable.

Growing Profit Margin: ARGO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ARGO is unprofitable, and losses have increased over the past 5 years at a rate of 47.8% per year.

Accelerating Growth: Unable to compare ARGO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ARGO is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (5.9%).


Return on Equity

High ROE: ARGO has a negative Return on Equity (-8.48%), as it is currently unprofitable.


Next Steps

Financial Health

How is Argo Group International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: ARGO's short term assets ($4.7B) do not cover its short term liabilities ($8.1B).

Long Term Liabilities: ARGO's short term assets ($4.7B) exceed its long term liabilities ($818.1M).


Debt to Equity History and Analysis

Debt Level: ARGO's debt to equity ratio (23.7%) is considered satisfactory.

Reducing Debt: ARGO's debt to equity ratio has increased from 22.8% to 23.7% over the past 5 years.

Debt Coverage: ARGO's debt is well covered by operating cash flow (20.1%).

Interest Coverage: Insufficient data to determine if ARGO's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Argo Group International Holdings's current dividend yield, its reliability and sustainability?

2.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ARGO's dividend (2.74%) is higher than the bottom 25% of dividend payers in the US market (1.39%).

High Dividend: ARGO's dividend (2.74%) is low compared to the top 25% of dividend payers in the US market (3.85%).


Stability and Growth of Payments

Stable Dividend: ARGO's dividends per share have been stable in the past 10 years.

Growing Dividend: ARGO's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: ARGO is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: ARGO's dividends in 3 years are forecast to be well covered by earnings (33.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Kevin Rehnberg (56 yo)

1.17yrs

Tenure

US$2,117,483

Compensation

Mr. Kevin James Rehnberg serves as Director at Argo Group International Holdings, Ltd. since April 16, 2020. Mr. Rehnberg serves as the President of U.S. Operations of Argo Group US, Inc. Mr. Rehnberg has ...


CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD2.12M) is below average for companies of similar size in the US market ($USD3.88M).

Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Kevin Rehnberg
President1.17yrsUS$2.12m0.15%
$ 2.4m
Jay Bullock
Executive VP & CFO12.67yrsUS$1.03m0.33%
$ 5.2m
Matthew James Harris
Head of International Operationsno dataUS$956.66k0.019%
$ 301.1k
Mark Rose
Chief Investment Officer & Senior VPno datano datano data
Andrew Borst
Chief Administrative Officerno datano datano data
Brett Shirreffs
Head of Investor Relations1.58yrsno datano data
Craig Comeaux
VP, Corporate Counsel & Secretaryno datano datano data
Allison Kiene
General Counsel0.25yrno datano data
David Snowden
Senior Vice President of Group Corporate Communicationsno datano datano data
Tony Cicio
Senior VP & Chief Human Resources Officer1.75yrsno datano data
James Halliday
Senior Vice Presidentno datano datano data
Marsh Duncan
Senior Vice President of U.S. Operations0.58yrno datano data

1.4yrs

Average Tenure

56yo

Average Age

Experienced Management: ARGO's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Kevin Rehnberg
President1.17yrsUS$2.12m0.15%
$ 2.4m
Carol McFate
Independent Director0.92yrno data0.015%
$ 229.0k
Thomas Bradley
Independent Chairman of the Board0.75yrUS$265.08k0.051%
$ 799.1k
Bernard Bailey
Independent Director0.75yrno data0.015%
$ 238.1k
John Tonelli
Independent Director10.67yrsUS$221.33k0.064%
$ 1.0m
Samuel Liss
Independent Director1.92yrsUS$208.26k0.033%
$ 517.8k
Kathleen Nealon
Independent Director9.92yrsUS$285.03k0.058%
$ 915.1k
Al-Noor Gulamali Abdulla Ramji
Independent Director3.92yrsUS$179.33k0.018%
$ 283.5k
Anthony Latham
Independent Director1.92yrsUS$348.97k0.012%
$ 182.3k
Fred Donner
Independent Director0.75yrno data0.010%
$ 161.1k
Dymphna Lehane
Independent Director3.92yrsUS$207.33k0.018%
$ 283.5k

1.9yrs

Average Tenure

63yo

Average Age

Experienced Board: ARGO's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Argo Group International Holdings, Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Argo Group International Holdings, Ltd.
  • Ticker: ARGO
  • Exchange: NYSE
  • Founded:
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: US$1.572b
  • Shares outstanding: 34.68m
  • Website: https://www.argolimited.com

Number of Employees


Location

  • Argo Group International Holdings, Ltd.
  • 110 Pitts Bay Road
  • Pembroke
  • HM 08
  • Bermuda

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ARGONYSE (New York Stock Exchange)YesCommon StockUSUSDNov 1986
3ARDB (Deutsche Boerse AG)YesCommon StockDEEURNov 1986
ARGO.PRANYSE (New York Stock Exchange)7% DEP SH PFD AUSUSDJul 2020

Biography

Argo Group International Holdings, Ltd. underwrites specialty insurance and reinsurance products in the property and casualty markets. The company operates in two segments, U.S. Operations and Internationa...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/19 23:26
End of Day Share Price2021/01/19 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.