Morgan Stanley upgraded Argo Gr Intl Hldgs from Equal-Weight to Overweight
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/13/2023 | $30.00 | Buy → Neutral | Compass Point |
| 2/28/2023 | Mkt Perform → Underperform | Raymond James | |
| 9/12/2022 | $45.50 → $28.50 | Neutral → Buy | Compass Point |
| 8/10/2022 | Outperform → Mkt Perform | Raymond James | |
| 8/9/2022 | $35.00 | Buy → Neutral | Compass Point |
| 2/9/2022 | $70.00 → $60.00 | Strong Buy → Outperform | Raymond James |
| 2/9/2022 | $47.50 | Buy → Neutral | Compass Point |
| 11/4/2021 | $65.00 → $70.00 | Strong Buy | Raymond James |
Argo Group International Holdings, Inc. ("Argo" or "the company"), an underwriter of specialty insurance products, today announced the appointment of Chris Donahue as Chief Executive Officer. Mr. Donahue joined the company in November 2023 as Chief Financial Officer. "Chris has been integral to the transformation of Argo into a U.S.-focused specialty property & casualty company," said Jonathan Bayer, Chair of Argo's Board of Directors. "Argo has a focused strategy for its products and partners and is well positioned for future growth as Chris and the executive team continue to lead Argo." Mr. Donahue succeeds Jessica Buss, who has served as Argo's Chief Executive Officer since November 20
Jessica Snyder to serve as Argo Group CEO Argo Group International Holdings, Ltd. ("Argo") today announced the completion of Brookfield Reinsurance's acquisition of Argo in an all-cash transaction valued at approximately $1.1 billion. Under the terms of the transaction, Brookfield Reinsurance acquired all issued and outstanding common shares of Argo at a price of $30 per share. Argo's common shares have ceased trading on the New York Stock Exchange. Argo's leading U.S. specialty platform adds a foundational piece to Brookfield Reinsurance's expanding U.S. P&C operations and increases Brookfield Reinsurance's assets to over $50 billion. In connection with closing, Jessica Snyder will
Focused On Optimizing Business For Profitable Growth Pending merger with Brookfield Reinsurance: The parties have received a majority of the required regulatory approvals. The merger agreement outside date for completing the transaction has been automatically extended from today to February 8, 2024, pursuant to the terms of the merger agreement, as all conditions to closing are satisfied other than receipt of the remaining required regulatory approvals. Both companies remain committed to closing the transaction as expeditiously as possible, and expect the transaction to close in 2023, subject to receipt of the remaining required regulatory approvals. Argo Group International Holdings,