Last $55.69 USD
Change Today +0.51 / 0.92%
Volume 75.3K
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

argo group international (AGII) Snapshot

Open
$55.41
Previous Close
$55.18
Day High
$55.91
Day Low
$55.13
52 Week High
10/31/14 - $60.58
52 Week Low
03/3/14 - $42.94
Market Cap
1.4B
Average Volume 10 Days
168.7K
EPS TTM
$4.36
Shares Outstanding
25.7M
EX-Date
11/26/14
P/E TM
12.8x
Dividend
$0.72
Dividend Yield
1.24%
Current Stock Chart for ARGO GROUP INTERNATIONAL (AGII)

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argo group international (AGII) Details

Argo Group International Holdings, Ltd. operates as an underwriter of specialty insurance and reinsurance products in the property and casualty market worldwide. The company’s Excess and Surplus Lines segment underwrites casualty, property, automobile, and professional liability coverage for contractors, manufacturers, distributors, property owners, retailers, restaurants, environmental consultants and contractors, and smaller medical facilities. This segment also offers errors and omissions, and management liability products for wholesale and retail distribution partners; and risk management solutions for accountants, architects and engineers, commercial crime, directors and officers, employment practices, fiduciary, lawyers, miscellaneous professionals, technology, privacy, and security customers. Its Commercial Specialty segment underwrites coverage for small commercial businesses comprising office, retail operations, light manufacturing, and restaurants; provides casualty, property, surety, auto, and umbrella coverage, as well as artisan contractor packages; and operates a non-risk-bearing agency. This segment also offers general and automobile liability, automobile physical damage, property, inland marine, crime, public official’s and educator’s legal liabilities, employment practices, law enforcement liability, and workers compensation coverage for small and intermediate-sized public sector entities. The company’s International Specialty segment provides specialty property catastrophe reinsurance, and excess casualty and professional insurance; and underwrites general, products, directors and officers, errors and omissions, and employment practices liabilities for various clients; and underwrites coverage for cargo and marine, property and engineering, financial lines, and motor businesses. The Syndicate 1200 segment underwrites property, specialty, and non-U.S. liability insurance. The company was founded in 1986 and is headquartered in Pembroke, Bermuda.

1,249 Employees
Last Reported Date: 02/28/14
Founded in 1986

argo group international (AGII) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
President of U.S. Operations
Total Annual Compensation: $752.7K
Compensation as of Fiscal Year 2013.

argo group international (AGII) Key Developments

Argo Group International Holdings, Ltd. Declares Quarterly Cash Dividend Payable on December 15, 2014

Argo Group International Holdings, Ltd. announced that its board of directors has declared a quarterly cash dividend of $0.18 per share on the company's common stock. The dividend will be paid on December 15, 2014, to shareholders of record on December 1, 2014.

Argo Group Mulls Acquisitions

Argo Group International Holdings, Ltd. (NasdaqGS:AGII) intends to pursue acquisitions. "Acquisitions I would say have always been on the table, but for a couple of years when we were consolidating the three businesses together, meaning the original Argonaut, the Bermuda company, and the Lloyd's platform, that's pretty much done now. We've been looking at a number of opportunities over the last couple of years which we've talked about from time to time on calls. But things just haven't been a really good fit, mainly because of price. And while we'd like to give critical mass soon rather than later and acquisitions help us do that to the extent that they are in line with our business strategy, we haven't found the right thing that we are willing to pay up for. But we are going to keep looking," Mark Watson, Chief Executive Officer, said.

Argo Group International Holdings, Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Argo Group International Holdings, Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, total revenue was $372.9 million against $364.0 million a year ago. Income before income taxes was $48.3 million against $32.9 million a year ago. Net income was $44.7 million or $1.69 per diluted share against $31.0 million or $1.12 per diluted share a year ago. The company's operating earnings were $0.89 per share compared to $0.80 in the comparable quarter last year, or an increase of 11%. For the quarter, the company produced consolidated gross written premiums of $497 million, which is up slightly from the year-ago period. Net investment income totaled $20.8 million in the third quarter. Investment income was flat quarter-on-quarter and down $3.3 million versus the same quarter of last year. For the nine months, total revenue was $1,106.7 million against $1,069.6 million a year ago. Income before income taxes was $135.7 million against $113.2 million a year ago. Net income was $123.5 million or $4.63 per diluted share against $95.4 million or $3.41 per diluted share a year ago. The company's operating earnings grew to $2.72 per share from $2.24 in the same period of 2013, or an increase of 21%. The company's underwriting income was $40.6 million, up from $15.7 million in the same period of 2013. At September 30, 2014, book value was $62.99, up 9.8% over the past 12 months, and tangible book value per share was up even more at 11.5% year-over-year. Consolidated gross written premium was $1.48 billion compared to $1.475 billion in the same period of 2013.

 

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Industry Analysis

AGII

Industry Average

Valuation AGII Industry Range
Price/Earnings 8.7x
Price/Sales 1.0x
Price/Book 0.9x
Price/Cash Flow 8.4x
TEV/Sales 0.4x
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