Revenue Update on Argo Group International Holdings Ltd.(NASDAQ:AGII)

Argo Group International Holdings Ltd.(NASDAQ:AGII) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $362.300M. Analysts estimated a revenue of $352.700M. The revenues were 2.72% above the estimates. Earnings per share were $0.65. The reported EPS was below estimates by -7.14%. Analysts had estimated an EPS of $0.7.

Argo Group International Holdings Ltd. (AGII) made into the market gainers list on Wednesdays trading session with the shares advancing 1.04% or 0.7 points. Due to strong positive momentum, the stock ended at $67.9, which is also near the day’s high of $67.95. The stock began the session at $67.05 and the volume stood at 77,677 shares. The 52-week high of the shares is $67.95 and the 52 week low is $48.163636. The company has a current market capitalization of $2,038 M and it has 3,00,13,575 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 9, 2016, Mural R Josephson (director) sold 4,145 shares at $63.35 per share price.Also, On Dec 8, 2016, Jay Stanley Bullock (Chief Financial Officer) sold 7,650 shares at $62.91 per share price.On Dec 1, 2016, Harvey B Cash (director) sold 4,163 shares at $63.95 per share price, according to the Form-4 filing with the securities and exchange commission.

Argo Group International Holdings Ltd. is an underwriter of specialty insurance and reinsurance products in the property and casualty market. The Company operates through four segments: Excess and Surplus Lines (E&S) Commercial Specialty International Specialty and Syndicate 1200. Excess and Surplus Lines segment carriers focus on risks that the standard (admitted) market is unwilling or unable to underwrite. Commercial Specialty segment provides property casualty and surety coverages designed to meet the insurance needs of businesses within certain markets. International Specialty segment underwrites insurance and reinsurance risks. The Syndicate 1200 segment underwrites worldwide property specialty and non-United States liability insurance.

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