ARGO Stock News (
Deadline December 20, 2022, Learn More 👉 https://tinyurl.com/NYSE-ARGO
ARGO Stock News (#ARGO) ARGO Stock | INVESTOR ALERT ARGO Group International Holdings $ARGO
ARGO Stock News and ARGO Stock
Disclosure of the Truth
Analyst at Raymond James downgraded Argo to Market Perform from Outperform. “there are now additional uncertainties associated with the $75M loss corridor retention which could act as overhang on the outlook for the next 12-24 months."
ARGO Press Release 4Q21 Result - negatively impacted by $130 to $140 million worth of adverse prior year reserve development and non-operating charges..... Argo announced additional non-operating charges of $60 million to $70 million.... analyst noted: “there are now additional uncertainties associated with the $75M loss corridor retention which could act as overhang on the outlook for the next 12-24 months."
Investors, purchased or otherwise acquired Argo common stock during the period from February 13, 2018 through August 9, 2022?
Defendants made false statements and/or concealed that:
(i) Argo’s reserves were wholly inadequate and its underwriting standards were not prudent as was represented;
(ii) Argo had dramatically changed its underwriting policies on certain U.S. construction contracts as far back as 2018; and
(iii) these policies were underwritten outside of the Company’s “core” business including in certain states and for certain exposures that were far riskier than investors understood and that the Company no longer would service moving forward.
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ARGO Stock News and ARGO Stock
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