Argo Group (ARGO) Given $73.33 Average Target Price by Analysts
Argo Group (NASDAQ:ARGO) has been given a consensus broker rating score of 2.00 (Buy) from the four brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation and two have given a strong buy recommendation to the company. Argo Group’s rating score has declined by 14.3% from 90 days ago as a result of various analysts’ ratings changes.
Brokerages have set a 12-month consensus price target of $73.33 for the company and are anticipating that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also given Argo Group an industry rank of 74 out of 255 based on the ratings given to its competitors.
ARGO has been the topic of several recent research reports. Boenning Scattergood set a $72.00 price objective on Argo Group and gave the stock a “buy” rating in a research note on Tuesday, November 6th. Raymond James dropped their target price on Argo Group from $72.00 to $70.00 and set a “strong-buy” rating on the stock in a research note on Friday, October 19th. Zacks Investment Research downgraded Argo Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Compass Point assumed coverage on Argo Group in a research note on Tuesday, January 15th. They set a “neutral” rating and a $70.00 target price on the stock. Finally, Keefe, Bruyette & Woods downgraded Argo Group from an “outperform” rating to a “hold” rating in a research note on Thursday, December 13th.
A number of institutional investors have recently bought and sold shares of ARGO. Spectrum Management Group Inc. purchased a new stake in Argo Group during the 4th quarter valued at about $39,000. James Investment Research Inc. acquired a new stake in Argo Group in the fourth quarter valued at $46,000. Nisa Investment Advisors LLC acquired a new stake in Argo Group in the fourth quarter valued at $59,000. Quantamental Technologies LLC acquired a new stake in Argo Group in the fourth quarter valued at $124,000. Finally, PNC Financial Services Group Inc. acquired a new stake in Argo Group in the fourth quarter valued at $133,000.
ARGO stock traded up $0.33 during trading on Wednesday, reaching $67.58. The stock had a trading volume of 2,676 shares, compared to its average volume of 146,115. Argo Group has a 52 week low of $50.66 and a 52 week high of $70.00.
Argo Group Company Profile
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.
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