NEW YORK (
-- Argo Group International Holdings
) has been upgraded by TheStreet Ratings from hold to buy. 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. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
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 13.9, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 23.2. Argo Group International has a market cap of $1.2 billion and is part of the
industry. Shares are up 4.1% year to date as of the close of trading on Tuesday.
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