Argo Group (ARGO) Stock Forecast, Price Target & Predictions

ARGO Stock Forecast

Argo Group stock forecast is as follows: an average price target of $45.25 (represents a 50.88% upside from ARGO’s last price of $29.99) and a rating consensus of 'Hold', based on 3 wall street analysts offering a 1-year stock forecast.

ARGO Price Target

The average price target for Argo Group (ARGO) is $45.25 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $45.50 to $45.00. This represents a potential 50.88% upside from ARGO's last price of $29.99.

ARGO Analyst Ratings

Hold

According to 3 Wall Street analysts, Argo Group's rating consensus is 'Hold'. The analyst rating breakdown for ARGO stock is 0 'Strong Buy' (0.00%), 1 'Buy' (33.33%), 2 'Hold' (66.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Argo Group Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Jul 12, 2022	Casey Alexander	Compass Point	$45.50	$34.30	32.65%	51.72%
Jul 08, 2022	Gregory Peters	Raymond James	$45.00	$35.76	25.84%	50.05%

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The latest Argo Group stock forecast, released on Jul 12, 2022 by Casey Alexander from Compass Point, set a price target of $45.50, which represents a 32.65% increase from the stock price at the time of the forecast ($34.30), and a 51.72% increase from ARGO last price ($29.99).

Argo Group Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	-
Avg Price Target	-	-	-
Last Closing Price	$29.99	$29.99	$29.99
Upside/Downside	-100.00%	-100.00%	-100.00%

In the current month, the average price target of Argo Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Argo Group's last price of $29.99. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Jan 04, 2023	Roth Capital	-	Neutral	Upgrade
Jul 12, 2022	Compass Point	Buy	Buy	Hold
Apr 26, 2022	Zacks Investment Research	-	Hold	Downgrade

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Argo Group's last stock rating was published by Roth Capital on Jan 04, 2023. The company Upgrade its ARGO rating from "null" to "Neutral".

Argo Group Financial Forecast

Argo Group Revenue Forecast

	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18	Dec 17	Sep 17	Jun 17
Revenue	-	-	-	-	$378.40M	$364.30M	$399.00M	$371.70M	$9.10M	$453.50M	$480.90M	$533.50M	$529.60M	$543.30M	$522.30M	$516.50M	$471.90M	$450.60M	$439.50M	$487.90M	$489.00M	$493.90M	$508.50M	$400.40M	$500.60M	$468.80M	$432.10M	$453.50M	$439.10M	$446.40M
Avg Forecast	$819.67M	$728.60M	$507.83M	$367.80M	$318.65M	$349.25M	$405.00M	$543.54M	$516.67M	$403.40M	$419.69M	$494.13M	$469.70M	$366.73M	$448.27M	$516.50M	$616.51M	$1.03B	$326.33M	$487.90M	$500.11M	$421.52M	$465.41M	$58.24M	$404.90M	$449.06M	$329.22M	$89.08M	$449.68M	$348.51M
High Forecast	$914.75M	$813.11M	$609.40M	$367.80M	$357.80M	$389.76M	$451.98M	$652.25M	$620.00M	$484.08M	$468.38M	$592.96M	$524.18M	$409.26M	$500.27M	$619.80M	$688.03M	$1.15B	$364.18M	$585.48M	$558.12M	$470.41M	$519.39M	$65.00M	$451.86M	$501.15M	$367.41M	$106.90M	$501.84M	$388.93M
Low Forecast	$724.60M	$644.09M	$406.26M	$367.80M	$357.80M	$308.74M	$358.02M	$434.83M	$413.34M	$322.72M	$371.01M	$395.30M	$415.22M	$324.19M	$396.27M	$413.20M	$545.00M	$910.48M	$288.48M	$390.32M	$442.10M	$372.63M	$411.42M	$51.48M	$357.93M	$396.97M	$291.03M	$71.26M	$397.52M	$308.08M
# Analysts	-	-	1	1	1	-	9	15	20	12	3	8	4	5	4	8	4	9	9	12	5	5	5	6	9	9	11	19	16	7
Surprise %	-	-	-	-	1.19%	1.04%	0.99%	0.68%	0.02%	1.12%	1.15%	1.08%	1.13%	1.48%	1.17%	1.00%	0.77%	0.44%	1.35%	1.00%	0.98%	1.17%	1.09%	6.88%	1.24%	1.04%	1.31%	5.09%	0.98%	1.28%

Argo Group's average Quarter revenue forecast for Dec 23 based on 1 analysts is $367.80M, with a low forecast of $367.80M, and a high forecast of $367.80M. ARGO's average Quarter revenue forecast represents a -2.80% decrease compared to the company's last Quarter revenue of $378.40M (Sep 23).

Argo Group EBITDA Forecast

	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18	Dec 17	Sep 17	Jun 17
# Analysts	-	-	1	1	1	-	9	15	20	12	3	8	4	5	4	8	4	9	9	12	5	5	5	6	9	9	11	19	16	7
EBITDA	-	-	-	-	$-29.30M	$-24.70M	$-29.50M	$-150.18M	$-31.50M	$7.10M	$23.70M	$-112.60M	$47.40M	$96.30M	$39.20M	$13.00M	$-12.00M	$21.60M	$-8.90M	$-88.10M	$-12.10M	$46.00M	$115.30M	$-42.70M	$62.50M	$72.60M	$38.80M	$29.00M	$-49.90M	$65.40M
Avg Forecast	$1.95M	$1.73M	$25.03M	$-204.92M	$756.72K	$60.42M	$22.75M	$-186.29M	$1.23M	$54.93M	$20.68M	$-169.36M	$1.12M	$49.93M	$1.06M	$8.67M	$-15.68M	$30.38M	$-5.81M	$-88.10M	$-12.37M	$38.10M	$104.62M	$-187.35M	$47.73M	$69.41M	$26.68M	$80.67M	$-51.07M	$47.03M
High Forecast	$2.17M	$1.93M	$30.03M	$-163.94M	$849.69K	$72.50M	$27.30M	$-149.04M	$1.47M	$65.91M	$24.82M	$-135.49M	$1.24M	$59.92M	$1.19M	$10.40M	$-12.54M	$36.45M	$-4.65M	$-70.48M	$-9.90M	$45.72M	$125.55M	$-149.88M	$57.27M	$83.29M	$32.01M	$96.81M	$-40.86M	$56.44M
Low Forecast	$1.72M	$1.53M	$20.02M	$-245.91M	$849.69K	$48.34M	$18.20M	$-223.55M	$981.57K	$43.94M	$16.55M	$-203.23M	$986.04K	$39.95M	$941.06K	$6.93M	$-18.81M	$24.30M	$-6.98M	$-105.72M	$-14.84M	$30.48M	$83.70M	$-224.82M	$38.18M	$55.53M	$21.34M	$64.54M	$-61.29M	$37.62M
Surprise %	-	-	-	-	-38.72%	-0.41%	-1.30%	0.81%	-25.67%	0.13%	1.15%	0.66%	42.50%	1.93%	36.82%	1.50%	0.77%	0.71%	1.53%	1.00%	0.98%	1.21%	1.10%	0.23%	1.31%	1.05%	1.45%	0.36%	0.98%	1.39%

20 analysts predict ARGO's average Quarter EBITDA for Sep 22 to be $1.23M, with a high of $1.47M and a low of $981.57K. This is -82.72% lower than Argo Group's previous annual EBITDA (Jun 22) of $7.10M.

Argo Group Net Income Forecast

	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18	Dec 17	Sep 17	Jun 17
# Analysts	-	-	1	1	1	-	9	15	20	12	3	8	4	5	4	8	4	9	9	12	5	5	5	6	9	9	11	19	16	7
Net Income	-	-	-	-	$-46.90M	$-18.90M	$-33.80M	$-109.20M	$-48.80M	$-16.20M	$-1.00M	$-115.30M	$22.40M	$69.80M	$29.80M	$700.00K	$-29.60M	$-6.40M	$-18.80M	$-103.30M	$-25.10M	$28.80M	$91.20M	$-43.60M	$40.60M	$41.80M	$24.80M	$28.90M	$-61.30M	$46.00M
Avg Forecast	$54.22M	$47.23M	$-1.06M	$-187.65M	$365.90M	$43.79M	$-960.00K	$-170.59M	$332.64M	$39.81M	$-872.73K	$-155.08M	$302.40M	$36.19M	$117.14K	$466.67K	$-38.67M	$-9.00M	$-12.28M	$-103.30M	$-25.66M	$23.85M	$82.76M	$-191.29M	$31.00M	$39.96M	$17.05M	$80.39M	$-62.74M	$33.08M
High Forecast	$59.38M	$51.73M	$-844.80K	$-150.12M	$439.08M	$52.55M	$-768.00K	$-136.47M	$399.17M	$47.77M	$-698.18K	$-124.06M	$362.88M	$43.43M	$128.29K	$560.00K	$-30.94M	$-7.20M	$-9.82M	$-82.64M	$-20.53M	$28.63M	$99.31M	$-153.04M	$37.20M	$47.96M	$20.46M	$96.47M	$-50.19M	$39.69M
Low Forecast	$49.06M	$42.73M	$-1.27M	$-225.17M	$292.72M	$35.03M	$-1.15M	$-204.70M	$266.11M	$31.85M	$-1.05M	$-186.09M	$241.92M	$28.95M	$105.98K	$373.33K	$-46.41M	$-10.80M	$-14.74M	$-123.96M	$-30.79M	$19.08M	$66.20M	$-229.55M	$24.80M	$31.97M	$13.64M	$64.32M	$-75.29M	$26.46M
Surprise %	-	-	-	-	-0.13%	-0.43%	35.21%	0.64%	-0.15%	-0.41%	1.15%	0.74%	0.07%	1.93%	254.41%	1.50%	0.77%	0.71%	1.53%	1.00%	0.98%	1.21%	1.10%	0.23%	1.31%	1.05%	1.45%	0.36%	0.98%	1.39%

Argo Group's average Quarter net income forecast for Dec 21 is $-155.08M, with a range of $-186.09M to $-124.06M. ARGO's average Quarter net income forecast represents a -792.32% decrease compared to the company's last Quarter net income of $22.40M (Sep 21).

Argo Group SG&A Forecast

	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18	Dec 17	Sep 17	Jun 17
# Analysts	-	-	1	1	1	-	9	15	20	12	3	8	4	5	4	8	4	9	9	12	5	5	5	6	9	9	11	19	16	7
SG&A	-	-	-	-	-	-	$75.30M	$85.10M	$83.80M	$83.20M	$90.30M	$98.00M	$93.70M	$95.60M	$97.20M	$106.30M	$92.50M	$95.80M	$102.20M	$135.70M	$92.90M	$99.00M	$89.10M	$90.10M	$83.20M	$90.60M	$87.80M	$92.70M	$89.70M	$88.00M
Avg Forecast	$97.24M	$86.43M	$95.36M	$158.26M	$37.80M	$59.98M	$86.69M	$143.87M	$61.29M	$54.53M	$78.81M	$130.79M	$55.72M	$49.57M	$53.18M	$70.87M	$120.85M	$134.72M	$66.76M	$135.70M	$94.96M	$82.00M	$80.85M	$6.91M	$63.53M	$86.62M	$60.36M	$10.57M	$91.81M	$63.28M
High Forecast	$108.52M	$96.46M	$114.43M	$189.91M	$42.45M	$71.98M	$104.03M	$172.64M	$73.55M	$65.43M	$94.57M	$156.95M	$62.18M	$59.48M	$59.35M	$85.04M	$145.02M	$161.66M	$80.11M	$162.84M	$113.96M	$98.40M	$97.02M	$7.71M	$76.24M	$103.94M	$72.44M	$12.68M	$110.17M	$75.94M
Low Forecast	$85.96M	$76.41M	$76.29M	$126.60M	$42.45M	$47.98M	$69.35M	$115.09M	$49.03M	$43.62M	$63.05M	$104.63M	$49.26M	$39.66M	$47.01M	$56.69M	$96.68M	$107.78M	$53.41M	$108.56M	$75.97M	$65.60M	$64.68M	$6.11M	$50.83M	$69.29M	$48.29M	$8.45M	$73.45M	$50.62M
Surprise %	-	-	-	-	-	-	0.87%	0.59%	1.37%	1.53%	1.15%	0.75%	1.68%	1.93%	1.83%	1.50%	0.77%	0.71%	1.53%	1.00%	0.98%	1.21%	1.10%	13.04%	1.31%	1.05%	1.45%	8.77%	0.98%	1.39%

Argo Group's average Quarter SG&A projection for Jun 23 is $59.98M, based on 0 Wall Street analysts, with a range of $47.98M to $71.98M. The forecast indicates a -20.35% fall compared to ARGO last annual SG&A of $75.30M (Mar 23).

Argo Group EPS Forecast

	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18	Dec 17	Sep 17	Jun 17
# Analysts	-	-	1	1	1	-	9	15	20	12	3	8	4	5	4	8	4	9	9	12	5	5	5	6	9	9	11	19	16	7
EPS	-	-	-	-	$-1.33	-	$-0.96	$-3.11	$-1.39	$-0.46	$-0.03	$-3.30	$0.57	$1.93	$0.78	$-0.57	$-0.91	$-0.18	$-0.55	$-3.01	$-0.73	$0.84	$2.68	$-1.29	$1.20	$1.23	$0.73	$0.85	$-1.77	$1.32
Avg Forecast	$1.54	$1.34	$1.58	$0.63	$0.40	$0.40	$0.80	$1.95	$-2.13	$1.18	$1.07	$1.89	$-0.07	$0.93	-	$-0.26	$-0.71	$-0.43	$0.14	$-2.15	$-0.43	$0.25	$0.88	$0.06	$0.49	$0.91	$0.80	$-0.31	$-1.70	$0.89
High Forecast	$1.69	$1.47	$1.73	$0.69	$0.54	$0.44	$0.88	$2.14	$-2.33	$1.29	$1.17	$2.07	$-0.08	$1.02	-	$-0.21	$-0.78	$-0.47	$0.15	$-1.72	$-0.47	$0.27	$0.96	$0.07	$0.54	$1.00	$0.88	$-0.24	$-1.86	$0.97
Low Forecast	$1.39	$1.21	$1.43	$0.57	$0.49	$0.36	$0.72	$1.77	$-1.93	$1.07	$0.97	$1.71	$-0.06	$0.84	-	$-0.31	$-0.64	$-0.39	$0.13	$-2.58	$-0.39	$0.23	$0.80	$0.05	$0.44	$0.82	$0.72	$-0.37	$-1.54	$0.81
Surprise %	-	-	-	-	-3.30%	-	-1.20%	-1.59%	0.65%	-0.39%	-0.03%	-1.74%	-8.14%	2.08%	234.23%	2.19%	1.28%	0.42%	-3.93%	1.40%	1.70%	3.36%	3.05%	-21.50%	2.45%	1.35%	0.91%	-2.75%	1.04%	1.49%

According to 8 Wall Street analysts, Argo Group's projected average Quarter EPS for Dec 21 is $1.89, with a low estimate of $1.71 and a high estimate of $2.07. This represents a 231.85% increase compared to ARGO previous annual EPS of $0.57 (Sep 21).

Argo Group Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
ARGO	Argo Group	$29.99	$45.25	50.88%	Hold
PRA	ProAssurance	$16.24	$18.33	12.87%	Buy
KMPR	Kemper	$70.60	$71.00	0.57%	Buy
SIGI	Selective Insurance Group	$97.09	$97.40	0.32%	Buy
RLI	RLI	$174.74	$170.50	-2.43%	Buy
HMN	Horace Mann Educators	$40.47	$38.50	-4.87%	Strong Buy

ARGO Forecast FAQ

Is Argo Group a good buy?

No, according to 3 Wall Street analysts, Argo Group (ARGO) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 33.33% of ARGO's total ratings.

What is ARGO's price target?

Argo Group (ARGO) average price target is $45.25 with a range of $45 to $45.5, implying a 50.88% from its last price of $29.99. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Argo Group stock go up soon?

According to Wall Street analysts' prediction for ARGO stock, the company can go up by 50.88% (from the last price of $29.99 to the average price target of $45.25), up by 51.72% based on the highest stock price target, and up by 50.05% based on the lowest stock price target.

Can Argo Group stock reach $40?

ARGO's average twelve months analyst stock price target of $45.25 supports the claim that Argo Group can reach $40 in the near future.

What are Argo Group's analysts' financial forecasts?

ARGO's analysts financial forecasts for the fiscal year (Dec 2023) are as follows: average revenue is $1.44B (high $1.57B, low $1.39B), average EBITDA is $-121M (high $-63.284M, low $-179M), average net income is $221.09M (high $340.75M, low $101.43M), average SG&A $342.72M (high $408.35M, low $286.38M), and average EPS is $2.23 (high $2.54, low $2.15).

Did the ARGO's actual financial results beat the analysts' financial forecasts?

Based on Argo Group's last annual report (Dec 2022), the company's revenue was $5M, which missed the average analysts forecast of $1.88B by -99.73%. Apple's EBITDA was $-151M, beating the average prediction of $-109M by 37.84%. The company's net income was $-175M, missing the average estimation of $200.99M by -187.17%. Apple's SG&A was $342.4M, beating the average forecast of $338.5M by 1.15%. Lastly, the company's EPS was $-5.01, missing the average prediction of $2.07 by -341.57%. In terms of the last quarterly report (Sep 2023), Argo Group's revenue was $378.4M, beating the average analysts' forecast of $318.65M by 18.75%. The company's EBITDA was $-29.3M, missing the average prediction of $756.72K by -3971.99%. Argo Group's net income was $-46.9M, missing the average estimation of $365.9M by -112.82%. The company's SG&A was $0, missing the average forecast of $37.8M by -100.00%. Lastly, the company's EPS was $-1.33, missing the average prediction of $0.403 by -430.02%