Raymond James analyst Charles Peters reiterated a Buy rating on Argo Group International Holdings (ARGO) today and set a price target of $55.00. The company’s shares closed last Monday at $45.91.
According to TipRanks.com, Peters is a 4-star analyst with an average return of 9.9% and a 68.8% success rate. Peters covers the Financial sector, focusing on stocks such as American Equity Investment Life, Old Republic International, and Marsh & Mclennan Companies.
Argo Group International Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $51.00.
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Based on Argo Group International Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $518 million and GAAP net loss of $17.1 million. In comparison, last year the company earned revenue of $488 million and had a GAAP net loss of $103 million.
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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. The Liability segment includes a broad range of primary and excess casualty products. The Professional segment includes various professional lines products including errors and omissions, management liability and cyber coverages. The specialty segment includes niche insurance coverages including marine & energy, accident & health and surety product offerings. The company was founded in 1986 and is headquartered in Pembroke, Bermuda.
