NEW YORK (
-- Argo Group International Holdings
) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.
Argo Group International Holdings, Ltd., through its subsidiaries, engages in underwriting specialty insurance and reinsurance products in the property and casualty market worldwide. The company has a P/E ratio of 14.1, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 22.7. Argo Group International has a market cap of $1.2 billion and is part of the
industry. Shares are up 2.9% year to date as of the close of trading on Wednesday.
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