Kempen Capital Management NV has recently announced that it has increased stake in Argo Group International Holdings Ltd. (NYSE:ARGO) by 5.12%. After grabbing 1.29 million shares, the institutional investor is now in possession of 63029.0 shares of the Financial Company. The new investment brought the stake of investor firm to 3.69% having worth around $35.16 million. Moreover, Columbia Management Investment Ad increased its share by 0.54 million to have a control over 1.05 million shares.
Argo Group International Holdings Ltd. (ARGO) concluded trading on 01/12/23 at a closing price of $25.68, with 0.33 million shares of worth about $8.39 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.77% during that period and on Thursday the price saw a loss of about -5.66%. Currently the company’s common shares owned by public are about 35.01M shares, out of which, 33.13M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the ARGO stock and their offered price forecasts bring an average price target of $29.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $29.50 and could fall to a lowest price of $29.50. The stock’s current price level is 12.95% above of average price target set by the analysts, while a rise to estimated low would result in gain of 12.95% for the stock. However, touching the estimated high of $29.50 would mean a gain of 12.95% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 36 times over the past 12 months. They bought 187,426 shares in 18 of the transactions. In 18 selling transactions, insiders dumped 31,675 shares.
Vanguard Total Stock Market Index, Advisors Inner Circle II – Champl, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Argo Group International Holdings Ltd. Vanguard Total Stock Market Index is currently holding 0.93 million shares of worth totaling $25.22 million. The company recently came buying 0.0 shares which brought its stake up to 2.65% of the company’s outstanding shares. Advisors Inner Circle II – Champl sold 30000.0 shares, after which its hold over company’s outstanding shares shrunk to 2.44%, leaving 0.85 million shares with the mutual fund that have a worth of about $23.24 million. Vanguard Small Cap Index Fund, after buying 0.82 million shares, have now control over 2.33% of the stake in the company. It holds 66.0 shares of worth $22.19 million.
Argo Group International Holdings Ltd. (NYSE: ARGO) started trading at $27.14, below -$0.08 from concluding price of the previous day. However, the stock later moved at a day high price of 27.14, or with a loss of -5.66%. Stock saw a price change of 2.23% in past 5 days and over the past one month there was a price change of 0.78%. Year-to-date (YTD), ARGO shares are showing a performance of -0.66% which decreased to -57.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.00 but also hit the highest price of $60.29 during that period. The average intraday trading volume for Argo Group International Holdings Ltd. shares is 179.12K. The stock is currently trading -1.96% below its 20-day simple moving average (SMA20), while that difference is down -1.04% for SMA50 and it goes to -16.20% lower than SMA200.
Kempen Capital Management NV acquired 1.29 million shares of Argo Group International Holdings Ltd. having value of about $35.16 million. Data submitted at the U.S SEC by Kempen Capital Management NV revealed that the firm now holds 63029.0 shares in the company valued at close to $1618584.72, or have control over 5.12% stake in the company. Argo Group International Holdings Ltd. (NYSE: ARGO) currently have 35.01M outstanding shares and institutions hold larger chunk of about 91.90% of that. Holding of mutual funds in the company is about 42.23% while other institutional holders and individual stake holders have control over 45.00% and 18.35% of the stake respectively.
The stock has a current market capitalization of $839.74M and its 3Y-monthly beta is at 0.99. It has posted earnings per share of -$5.49 in the same period. It has a debt-to-equity ratio of 0.38. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ARGO, volatility over the week remained 4.84% while standing at 3.33% over the month.
Analysts are in expectations that Argo Group International Holdings Ltd. (ARGO) stock would likely to be making an EPS of -$2.2 in the current quarter, while forecast for next quarter EPS is $1.07 and it is $3.82 for next year. For the current quarter EPS, analysts have given the company a lowest target -$2.75 which is -$1.73 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.91 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 93.60% while it is estimated to increase by 227.91% in next year. EPS is likely to grow at an annualized rate of 7.00% for next 5-years, compared to annual growth of -15.20% made by the stock over the past 5-years.
Analysts at 4 brokerage firms have issued recommendations for the Argo Group International Holdings Ltd. (ARGO)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 4 Wall Street analysts, 1 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Compass Point on September 12, 2022 offering a Buy rating for the stock and assigned a target price range of between $45.50 and $28.50 to it. On August 09, 2022, Compass Point Downgrade their recommendations, while on February 09, 2022, Raymond James Downgrade their ratings for the stock with a price target of $60. Stock get a Neutral rating from Compass Point on February 09, 2022.
