Somewhat Favorable News Coverage Somewhat Unlikely to Impact Argo Group (AGII) Share Price

Media coverage about Argo Group (NASDAQ:AGII) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Argo Group earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 47.1635910433596 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Argo Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 17th. ValuEngine upgraded Argo Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 1st. Finally, BidaskClub upgraded Argo Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st.

Shares of NASDAQ AGII traded up $3.00 during midday trading on Friday, hitting $58.85. The stock had a trading volume of 212,580 shares, compared to its average volume of 163,675. The company has a market cap of $1.99 billion, a PE ratio of -140.12 and a beta of 0.62. Argo Group has a 1 year low of $49.69 and a 1 year high of $60.15. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.52 and a quick ratio of 0.52.

In related news, CEO Mark E. Watson III sold 17,853 shares of Argo Group stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $61.83, for a total transaction of $1,103,850.99. Following the transaction, the chief executive officer now owns 886,173 shares in the company, valued at $54,792,076.59. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.22% of the company’s stock.

Argo Group Company Profile

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 International Operations. The U.S. Operations segment underwrites primary and excess specialty casualty, and commercial multi-peril, as well as contract, product, environmental, and auto liability products; and workers compensation, general, management, errors and omissions, and public entity liability risks.

Insider Buying and Selling by Quarter for Argo Group (NASDAQ:AGII)

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