GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Argo Group International Holdings Inc (NYSE:ARGOpA.PFD) » Definitions » Beta

ARGOPA.PFD (Argo Group International Holdings) Beta : 0.61 (As of Oct. 31, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Argo Group International Holdings Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-10-31), Argo Group International Holdings's Beta is 0.61.


Argo Group International Holdings Beta Historical Data

The historical data trend for Argo Group International Holdings's Beta can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Argo Group International Holdings Beta Chart

Argo Group International Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Argo Group International Holdings Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Argo Group International Holdings's Beta

For the Insurance - Property & Casualty subindustry, Argo Group International Holdings's Beta, along with its competitors' market caps and Beta data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Argo Group International Holdings's Beta Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Argo Group International Holdings's Beta distribution charts can be found below:

* The bar in red indicates where Argo Group International Holdings's Beta falls into.



Argo Group International Holdings Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.


Argo Group International Holdings  (NYSE:ARGOpA.PFD) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)


Argo Group International Holdings Beta Related Terms

Thank you for viewing the detailed overview of Argo Group International Holdings's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.


Argo Group International Holdings Business Description

Traded in Other Exchanges
N/A
Address
501 7th Avenue, 7th Floor, New York, NY, USA, 10018
Argo Group International Holdings Inc formerly Argo Group International Holdings Ltd is a property and casualty insurance company. It has two reportable segments which are U.S. Operations and International Operations. The U.S. Operations segment is comprised of two primary operating divisions, Excess and Surplus Lines and Specialty Admitted, while International Operations' primary operating divisions are Syndicate 1200, Reinsurance, and Argo Insurance Bermuda. The vast majority of revenue generation occurs within the excess and surplus lines segment, which underwrites casualty, property, and professional liability coverage for various clients. Argo generates the majority of its revenue in the United States, followed by the United Kingdom and Bermuda.

Argo Group International Holdings Headlines

From GuruFocus

Greg Chilson to Serve as President of Argo Surety

By Business Wire 08-21-2023

Argo Group Reports Second Quarter 2023 Results

By Business Wire 08-07-2023