Argonaut Group, Inc. (AGII) upgraded to Outperform with price target $46 by FBR Capital
Argonaut Group, Inc. (NASDAQ: AGII)
upgraded to Outperform with price target $46 by FBR Capital.
Argo Group International Holdings, Ltd. (Argo Group) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. During the year ended December 31, 2008, Argo Group?s operations included four business segments: Excess and Surplus Lines, Commercial Specialty, Reinsurance and International Specialty. In May 2008, the Company completed its acquisition of Heritage Underwriting Agency plc, a specialist insurer that focused on underwriting worldwide property and non-United States liability risks. On September 8, 2008, the Company acquired Insight Insurance Services Inc., a specialist in professional liability insurance for accounting professionals, architects, engineers and insurance agents. In October 2008, Argo Group announced the launch of Argo Financial Products Limited. In May, 2009, the Company announced the merger of its specialty insurers, Grocers Insurance and Great Central Insurance, under the brand name Argo Select.
uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.