Boenning & Scattergood analyst Robert Farnam maintained a Buy rating on Argo Group International Holdings Ltd (ARGO) today and set a price target of $74. The company’s shares closed yesterday at $74.61, close to its 52-week high of $75.95.
Farnam observed:
“We believe the company’s operating performance is poised to further benefit from these investments.”
According to TipRanks.com, Farnam has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.0% and a 36.2% success rate. Farnam covers the Financial sector, focusing on stocks such as 1347 Property Insurance Holdings Inc, Hallmark Financial Services, and Selective Insurance Group.
Argo Group International Holdings Ltd has an analyst consensus of Strong Buy.
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Based on Argo Group International Holdings Ltd’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $43.6 million. In comparison, last year the company had a net profit of $24.8 million.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ARGO in relation to earlier this year.
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Argo Group International Holdings Ltd. engages in underwriting property and casualty insurance and reinsurance. The company operates through following segments: Property, Liability, Professional and Specialty. The Property segment includes both property insurance and reinsurance products.
