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Argo Group International Holdings Ltd (ARGO.N)

ARGO.N on New York Stock Exchange

68.12USD
20 Sep 2019
Change (% chg)

$0.21 (+0.31%)
Prev Close
$67.91
Open
$68.00
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$68.45
Day's Low
$66.87
Volume
163,594
Avg. Vol
48,364
52-wk High
$78.57
52-wk Low
$59.17

Latest Key Developments (Source: Significant Developments)

Voce Capital Issues Detailed Presentation Demonstrating How Argo’S Board Could Unlock Substantial Shareholder Value
Wednesday, 1 May 2019 

May 1 (Reuters) - Argo Group International Holdings Ltd ::VOCE CAPITAL ISSUES DETAILED PRESENTATION DEMONSTRATING HOW ARGO’S BOARD COULD UNLOCK SUBSTANTIAL SHAREHOLDER VALUE.VOCE CAPITAL SAYS EXPENSE REDUCTIONS ALONE CAN ALLOW ARGO TO EARN A DOUBLE DIGIT RETURN ON EQUITY.VOCE CAPITAL SAYS "THOROUGH REVIEW OF ARGO'S CAPITAL ALLOCATION AND PORTFOLIO OF BUSINESSES IS ALSO REQUIRED".VOCE CAPITAL - ARGO'S CAPITAL ALLOCATION REQUIRED INCLUDE POTENTIAL DIVESTITURE OF INTERNATIONAL BUSINESS, EXIT OF UNDERPERFORMING LINES, OTHER.VOCE CAPITAL MANAGEMENT LLC SAYS IT IS BENEFICIAL OWNER OF ABOUT 5.6% OF SHARES OF ARGO GROUP INTERNATIONAL HOLDINGS.VOCE CAPITAL - OFFERS BLUEPRINT FOR IMMEDIATE, SUBSTANTIAL EXPENSE REDUCTIONS OF $100 MILLION THAT WOULD BOOST ARGO'S ROE BY 460 BPS.VOCE CAPITAL SAYS "BELIEVES (ARGO) HAS SIMPLY TRANSFERRED COSTS FROM ITS UNDERWRITING BUSINESS AND BURIED THEM IN ITS INVESTMENT PORTFOLIO".VOCE CAPITAL SAYS "BELIEVES A TOP-TO-BOTTOM INVESTIGATION OF ARGO'S CORPORATE GOVERNANCE PRACTICES IS URGENTLY REQUIRED".  Full Article

Argo Group Q3 Earnings Per Share $1.17
Tuesday, 6 Nov 2018 

Nov 5 (Reuters) - Argo Group International Holdings Ltd ::ARGO GROUP REPORTS 2018 THIRD QUARTER NET INCOME OF $40.6 MILLION OR $1.17 PER DILUTED SHARE.Q3 EARNINGS PER SHARE $1.17.Q3 EARNINGS PER SHARE VIEW $0.55 -- THOMSON REUTERS I/B/E/S.QTRLY GROSS WRITTEN PREMIUMS $839.9 MILLION UP 4.3%.  Full Article

Argo Group International Holdings Q2 Earnings Per Share $1.20
Tuesday, 7 Aug 2018 

Aug 6 (Reuters) - Argo Group International Holdings Ltd ::ARGO GROUP REPORTS 2018 SECOND QUARTER NET INCOME OF $41.8 MILLION OR $1.20 PER DILUTED SHARE.Q2 EARNINGS PER SHARE $1.20.Q2 EARNINGS PER SHARE VIEW $0.91 -- THOMSON REUTERS I/B/E/S.QTRLY TOTAL REVENUE $463.3 MILLION VERSUS $451.0 MILLION.  Full Article

Argo Group Announces Acquisition Of Ariscom
Tuesday, 13 Mar 2018 

March 13 (Reuters) - Argo Group International Holdings Ltd ::ARGO GROUP ANNOUNCES ACQUISITION OF ARISCOM.ARGO GROUP INTERNATIONAL HOLDINGS - ‍ACQUIRED ITALIAN SPECIALTY INSURER ARISCOM. EFFECTIVE IMMEDIATELY​.ARGO GROUP INTERNATIONAL HOLDINGS LTD - ‍ IN COMING MONTHS, ARGOGLOBAL WILL REBRAND ARISCOM​.  Full Article

Argo Group Posts Qtrly Net Income $0.95 Per Share
Wednesday, 14 Feb 2018 

Feb 13 (Reuters) - Argo Group International Holdings Ltd ::ARGO GROUP REPORTS 2017 FOURTH QUARTER AND FULL YEAR RESULTS​.QTRLY NET INCOME WAS $0.95 PER DILUTED SHARE.QTRLY ADJUSTED OPERATING INCOME WAS $0.01 PER DILUTED SHARE.QTRLY ‍GROSS WRITTEN PREMIUMS WERE UP 21.5% TO $606.3 MILLION​.U.S. OPERATIONS ‍NET EARNED PREMIUM IN Q4 OF 2017 OF $243.7 MILLION WAS UP 10.9%.‍ESTIMATED PRE-TAX CATASTROPHE LOSSES FOR Q4 EVENTS WERE $37.5 MILLION​.‍NET PREMIUMS EARNED IN Q4 OF 2017 OF $160.9 MILLION WERE UP 13.0%​.  Full Article

Argo Group reports third quarter 2017 results
Friday, 3 Nov 2017 

Nov 2 (Reuters) - Argo Group International Holdings Ltd ::Qtrly ‍​gross written premiums up 37.5 percent to $805.1 million.Qtrly ‍​net loss of $61.3 million or $2.04 per diluted share.Qtrly ‍​adjusted operating loss was $57.4 million or $1.91 per diluted share.Estimated pre-tax catastrophe losses were $104.5 million in quarter.Qtrly ‍​net written premiums $473.2 million versus $415.3 million.  Full Article

Argo Group provides preliminary Q3 estimates for natural catastrophes and other property losses
Tuesday, 17 Oct 2017 

Oct 16 (Reuters) - Argo Group International Holdings Ltd :Argo Group provides preliminary estimates for natural catastrophes and other property losses during its 2017 third quarter.Argo Group International Holdings - ‍catastrophe losses in Q3 related primarily to Hurricanes Harvey, Irma, Maria and earthquake in Mexico City​.Argo Group International Holdings Ltd says ‍in addition, company expects to report other non-catastrophe losses of approximately $15 million.Argo Group International - ‍preliminary pre-tax catastrophe loss estimates for 3-month period ended Sept 30 of $85-110 million​.  Full Article

UPDATE 1-Hedge fund Voce urges Argo to slash expenses, nominates five directors

BEVERLY HILLS, Calif., April 30 An activist hedge fund on Tuesday nominated five directors and urged insurance company Argo Group International Holdings Ltd to cut $100 million in expenses, including corporate jets and housing for its chief executive.