Raymond James downgraded Argo Group from Outperform to Mkt Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/13/2023 | $30.00 | Buy → Neutral | Compass Point |
| 2/28/2023 | Mkt Perform → Underperform | Raymond James | |
| 9/12/2022 | $45.50 → $28.50 | Neutral → Buy | Compass Point |
| 8/10/2022 | Outperform → Mkt Perform | Raymond James | |
| 8/9/2022 | $35.00 | Buy → Neutral | Compass Point |
| 2/9/2022 | $70.00 → $60.00 | Strong Buy → Outperform | Raymond James |
| 2/9/2022 | $47.50 | Buy → Neutral | Compass Point |
| 11/4/2021 | $65.00 → $70.00 | Strong Buy | Raymond James |
3 - Argo Group International Holdings, Ltd. (0001091748) (Issuer)
3 - Argo Group International Holdings, Ltd. (0001091748) (Issuer)
3 - Argo Group International Holdings, Ltd. (0001091748) (Issuer)
Jessica Snyder to serve as Argo Group CEO Argo Group International Holdings, Ltd. ("Argo") today announced the completion of Brookfield Reinsurance's acquisition of Argo in an all-cash transaction valued at approximately $1.1 billion. Under the terms of the transaction, Brookfield Reinsurance acquired all issued and outstanding common shares of Argo at a price of $30 per share. Argo's common shares have ceased trading on the New York Stock Exchange. Argo's leading U.S. specialty platform adds a foundational piece to Brookfield Reinsurance's expanding U.S. P&C operations and increases Brookfield Reinsurance's assets to over $50 billion. In connection with closing, Jessica Snyder will
Focused On Optimizing Business For Profitable Growth Pending merger with Brookfield Reinsurance: The parties have received a majority of the required regulatory approvals. The merger agreement outside date for completing the transaction has been automatically extended from today to February 8, 2024, pursuant to the terms of the merger agreement, as all conditions to closing are satisfied other than receipt of the remaining required regulatory approvals. Both companies remain committed to closing the transaction as expeditiously as possible, and expect the transaction to close in 2023, subject to receipt of the remaining required regulatory approvals. Argo Group International Holdings,
Industry veterans Rod Williams and Paul Drakontaidis also join the company Argo Group International Holdings, Ltd. (NYSE:ARGO) ("Argo" or the "company") today announced Greg Chilson as president of Argo Surety, effective September 1. Chilson has served as a strategic advisor to the business since May. "Greg joins the company with a tremendous amount of industry experience as we look to build on Argo Surety's track record as a very profitable, growth-oriented business," said Argo's President of U.S. Insurance, Jessica Snyder. "Over the past few months, Greg has assisted us as we worked to implement our strategy to evolve the business, including the evaluation of Argo's in-force portfolio
Compass Point downgraded Argo Group from Buy to Neutral and set a new price target of $30.00
Raymond James downgraded Argo Group from Mkt Perform to Underperform
Compass Point upgraded Argo Group from Neutral to Buy and set a new price target of $28.50 from $45.50 previously
Argo Gr Intl Hldgs (NYSE:ARGO) reported quarterly losses of $(0.60) per share which missed the analyst consensus estimate of $0.51 by 217.65 percent. This is a 236.36 percent decrease over earnings of $0.44 per share from the same period last year. The company reported quarterly sales of $342.70 million which missed the analyst consensus estimate of $357.80 million by 4.22 percent. This is a 24.68 percent decrease over sales of $455.00 million the same period last year.
Argo Gr Intl Hldgs (NYSE:ARGO) reported quarterly losses of $(0.02) per share which missed the analyst consensus estimate of $0.40 by 105 percent. This is a 102.25 percent decrease over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $329.90 million which missed the analyst consensus estimate of $348.80 million by 5.42 percent. This is a 27.38 percent decrease over sales of $454.30 million the same period last year.
Focused On Optimizing Business For Profitable Growth Pending merger with Brookfield Reinsurance: The parties have received a majority of the required regulatory approvals. The merger agreement outside date for completing the transaction has been automatically extended from today to February 8, 2024, pursuant to the terms of the merger agreement, as all conditions to closing are satisfied other than receipt of the remaining required regulatory approvals. Both companies remain committed to closing the transaction as expeditiously as possible, and expect the transaction to close in 2023, subject to receipt of the remaining required regulatory approvals. Argo Group International Holdings,
Focused On Optimizing Business For Profitable Growth Pending merger with Brookfield Reinsurance: We continue to expect the merger to close the second half of 2023, subject to customary closing conditions, including receipt of required regulatory approvals. Low Catastrophe Losses: Total catastrophe losses were $3.1 million for second quarter 2023; catastrophe losses for the first six months of 2023 were 40% lower than the same period in 2022. Improved Efficiency: Expense ratio of 33.6% improved 1.8 percentage points from the prior year second quarter. Argo Group International Holdings, Ltd. (NYSE:ARGO) ("Argo" or the "company") today announced financial results for the three and
Argo Shareholders Approve Proposed Merger with Brookfield Reinsurance Reduced Catastrophe Losses: Total catastrophe losses of $3.6 million were 59% lower than the first quarter 2022; reflects volatility reduction efforts through exiting businesses with property catastrophe exposure. Disciplined Expense Focus: Expense ratio of 35.1% improved 90 basis points from the prior year first quarter, driven in part by ongoing cost reduction efforts. Continued Strategic Growth in U.S. Ongoing Business: U.S. Operations earned premiums decreased 3% from the prior year first quarter, while earned premiums from U.S. ongoing business1 grew approximately 6%, primarily attributable to business li
Industry veterans Rod Williams and Paul Drakontaidis also join the company Argo Group International Holdings, Ltd. (NYSE:ARGO) ("Argo" or the "company") today announced Greg Chilson as president of Argo Surety, effective September 1. Chilson has served as a strategic advisor to the business since May. "Greg joins the company with a tremendous amount of industry experience as we look to build on Argo Surety's track record as a very profitable, growth-oriented business," said Argo's President of U.S. Insurance, Jessica Snyder. "Over the past few months, Greg has assisted us as we worked to implement our strategy to evolve the business, including the evaluation of Argo's in-force portfolio
Capital Returns' Claims Do Not Reflect the Reality of Argo's Actions Urges Shareholders to Continue to Support Argo's Positive Momentum by Voting "FOR" All Argo's Highly Qualified Director Nominees on the BLUE Proxy Card Today Argo Group International Holdings, Ltd. (NYSE:ARGO) ("Argo" or "the Company") today announced that it is mailing a letter to shareholders in connection with its 2022 Annual Meeting of Shareholders urging all Argo shareholders to vote the BLUE proxy card "FOR" ALL seven of Argo's highly qualified director nominees. The Annual Meeting will be held on December 15, 2022, and shareholders of record as of October 26, 2022 are entitled to vote at the meeting. The full tex
Strategic Repositioning that Began in Late 2019 Has Created Stronger Growth Platform and Optimized Business Mix Refreshed Board, Which Includes Company's Largest Shareholder, Has Right Skills and Experience to Oversee Ongoing Strategic Review Process Appointing Either of Capital Returns' Nominees Would Result in Loss of Superior Talent and Experience at Critical Juncture for Company Urges Stockholders to Vote the BLUE Proxy Card "FOR" ALL Seven of Argo's Highly Qualified Nominees Argo Group International Holdings, Ltd. (NYSE:ARGO) ("Argo" or "the Company"), an underwriter of specialty insurance products, today announced that it has filed an investor presentation with th
SC 13G/A - Argo Group International Holdings, Inc. (0001091748) (Subject)
SC 13G/A - Argo Group International Holdings, Inc. (0001091748) (Subject)
SC 13G/A - Argo Group International Holdings, Ltd. (0001091748) (Subject)
8-K - Argo Group International Holdings, Inc. (0001091748) (Filer)
15-12G - Argo Group International Holdings, Ltd. (0001091748) (Filer)
S-8 POS - Argo Group International Holdings, Ltd. (0001091748) (Filer)