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StockWatch: Argo shares plunge nearly 10% on Q3 loss warning

Insurance Day

StockWatch: Argo shares plunge nearly 10% on Q3 loss warning

Shares in Argo Group plummeted 9.59% in the seven days to Wednesday’s close after chief executive, Mark Watson, warned third-quarter results would be adversely affected by factors including current and prior-year accident losses and cat losses. On October 30 Argo’s stock was down 7.81% year-to-date, second-worst among Insurance Day ’s selected stocks behind only Hiscox (-8.02%).

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