EPS for Argo Group International Holdings, Ltd. (AGII) Expected At $0.78; Etrade Capital Management Decreased Schlumberger LTD (SLB) Position By $500,423

April 19, 2018 - By Marie Mckinney

Argo Group International Holdings, Ltd. (NASDAQ:AGII) Logo

Etrade Capital Management Llc decreased Schlumberger Ltd (SLB) stake by 9.01% reported in 2017Q4 SEC filing. Etrade Capital Management Llc sold 7,469 shares as Schlumberger Ltd (SLB)’s stock declined 4.39%. The Etrade Capital Management Llc holds 75,451 shares with $5.09 million value, down from 82,920 last quarter. Schlumberger Ltd now has $97.49 billion valuation. The stock increased 2.45% or $1.68 during the last trading session, reaching $70.34. About 8.64 million shares traded or 3.82% up from the average. Schlumberger Limited (NYSE:SLB) has declined 16.28% since April 19, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

Analysts expect Argo Group International Holdings, Ltd. (NASDAQ:AGII) to report $0.78 EPS on May, 2.They anticipate $0.16 EPS change or 25.81% from last quarter’s $0.62 EPS. AGII’s profit would be $26.30 million giving it 18.81 P/E if the $0.78 EPS is correct. After having $-0.57 EPS previously, Argo Group International Holdings, Ltd.’s analysts see -236.84% EPS growth. The stock increased 1.03% or $0.6 during the last trading session, reaching $58.7. About 94,446 shares traded. Argo Group International Holdings, Ltd. (NASDAQ:AGII) has declined 1.44% since April 19, 2017 and is downtrending. It has underperformed by 12.99% the S&P500.

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on April, 20 before the open. They expect $0.38 earnings per share, up 52.00% or $0.13 from last year’s $0.25 per share. SLB’s profit will be $526.66 million for 46.28 P/E if the $0.38 EPS becomes a reality. After $0.48 actual earnings per share reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts -20.83% negative EPS growth.

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 144 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by Cowen & Co given on Friday, July 7. The firm earned “Hold” rating on Wednesday, April 20 by Standpoint Research. On Monday, January 22 the stock rating was upgraded by Atlantic Securities to “Overweight”. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Monday, January 22 by Susquehanna. As per Monday, May 23, the company rating was upgraded by Goldman Sachs. BMO Capital Markets maintained Schlumberger Limited (NYSE:SLB) rating on Thursday, July 13. BMO Capital Markets has “Buy” rating and $7400 target. Jefferies maintained Schlumberger Limited (NYSE:SLB) on Wednesday, April 4 with “Buy” rating. The firm earned “Buy” rating on Monday, January 22 by Seaport Global. The company was maintained on Friday, September 29 by Jefferies. The company was downgraded on Wednesday, June 21 by Barclays Capital.

Since October 24, 2017, it had 3 insider buys, and 3 insider sales for $6.93 million activity. On Monday, March 26 the insider KIBSGAARD PAAL bought $646,800. SANDVOLD TORE I sold $219,205 worth of stock or 3,500 shares. Schorn Patrick bought $323,950 worth of stock. The insider Al Mogharbel Khaled bought 3,000 shares worth $192,900. $5.91M worth of Schlumberger Limited (NYSE:SLB) was sold by AYAT SIMON on Wednesday, January 24. Shares for $1.96M were sold by Guild Howard.

Etrade Capital Management Llc increased Bank Of America Corp (NYSE:BAC) stake by 27,072 shares to 133,688 valued at $3.95M in 2017Q4. It also upped Medtronic Plc (NYSE:MDT) stake by 10,782 shares and now owns 63,286 shares. Total Sa (NYSE:TOT) was raised too.

Investors sentiment decreased to 0.66 in 2017 Q4. Its down 0.22, from 0.88 in 2017Q3. It worsened, as 90 investors sold SLB shares while 672 reduced holdings. 140 funds opened positions while 365 raised stakes. 1.05 billion shares or 11.89% less from 1.20 billion shares in 2017Q3 were reported. Covington Management reported 0.47% stake. Moreover, Baker Avenue Asset Ltd Partnership has 0.02% invested in Schlumberger Limited (NYSE:SLB) for 3,296 shares. Puzo Michael J stated it has 16,323 shares or 0.45% of all its holdings. Andra Ap holds 0.15% or 98,300 shares in its portfolio. Indexiq Advisors Limited Liability holds 0.01% or 5,836 shares in its portfolio. Chemical Bancorp accumulated 47,146 shares. Loudon Mgmt Limited Liability Company reported 0.48% of its portfolio in Schlumberger Limited (NYSE:SLB). Gamble Jones Invest Counsel holds 0.62% or 96,913 shares in its portfolio. Thomas Story And Son Ltd has invested 2.13% in Schlumberger Limited (NYSE:SLB). Jacobs Levy Equity Management owns 16,580 shares. Zacks Investment Mgmt holds 0.58% in Schlumberger Limited (NYSE:SLB) or 395,182 shares. Bristol John W And, New York-based fund reported 999,341 shares. Optimum Investment Advsr holds 17,438 shares or 0.37% of its portfolio. Spears Abacus Advisors Ltd Company has invested 1.22% in Schlumberger Limited (NYSE:SLB). Veritable LP reported 89,855 shares.

Argo Group International Holdings, Ltd. underwrites specialty insurance and reinsurance products in the property and casualty market worldwide. The company has market cap of $1.98 billion. The Company’s Excess and Surplus Lines segment underwrites primary and excess specialty casualty, contract liability, commercial multi-peril, product liability, environmental liability, allied medical, and auto liability products. It has a 41.16 P/E ratio. This segment distributes its products through a network of wholesale agents and brokers.

Among 5 analysts covering Argo Group International Holdings (NASDAQ:AGII), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Argo Group International Holdings had 7 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Piper Jaffray given on Thursday, December 10. Keefe Bruyette & Woods maintained Argo Group International Holdings, Ltd. (NASDAQ:AGII) rating on Friday, May 13. Keefe Bruyette & Woods has “Market Perform” rating and $62 target. The company was upgraded on Thursday, December 28 by Wood. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, September 18. On Thursday, December 28 the stock rating was upgraded by Keefe Bruyette & Woods to “Buy”. JMP Securities initiated the shares of AGII in report on Monday, June 27 with “Mkt Perform” rating.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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