Argo Group International Holdings, Ltd. (AGII) Insider Mark E. Watson III Sells 6,503 Shares

Argo Group International Holdings, Ltd. (NASDAQ:AGII) insider Mark E. Watson III sold 6,503 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $61.10, for a total transaction of $397,333.30. Following the sale, the insider now directly owns 534,272 shares of the company’s stock, valued at approximately $32,644,019.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Argo Group International Holdings, Ltd. (NASDAQ:AGII) traded down 0.49% during mid-day trading on Friday, reaching $60.90. 171,769 shares of the company traded hands. Argo Group International Holdings, Ltd. has a 52 week low of $49.10 and a 52 week high of $69.03. The company has a market capitalization of $1.84 billion, a P/E ratio of 12.05 and a beta of 0.82. The stock’s 50-day moving average is $62.97 and its 200-day moving average is $65.07.

Argo Group International Holdings (NASDAQ:AGII) last announced its earnings results on Wednesday, May 3rd. The insurance provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07. The company had revenue of $428.10 million during the quarter, compared to analysts’ expectations of $407.90 million. Argo Group International Holdings had a net margin of 9.53% and a return on equity of 6.07%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. On average, equities analysts predict that Argo Group International Holdings, Ltd. will post $3.88 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Argo Group International Holdings (NASDAQ:AGII)

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Shareholders of record on Monday, June 12th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Thursday, June 8th. Argo Group International Holdings’s payout ratio is currently 21.34%.

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A number of research firms have recently commented on AGII. Zacks Investment Research raised shares of Argo Group International Holdings from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Thursday, February 16th. Keefe, Bruyette & Woods set a $70.00 target price on shares of Argo Group International Holdings and gave the stock a “hold” rating in a research note on Thursday, April 6th.

A number of institutional investors have recently made changes to their positions in AGII. Ameritas Investment Partners Inc. acquired a new position in shares of Argo Group International Holdings during the first quarter worth about $169,000. SG Americas Securities LLC acquired a new position in shares of Argo Group International Holdings during the first quarter worth about $302,000. A.R.T. Advisors LLC acquired a new position in shares of Argo Group International Holdings during the fourth quarter worth about $303,000. First Republic Investment Management Inc. boosted its position in shares of Argo Group International Holdings by 19.1% in the fourth quarter. First Republic Investment Management Inc. now owns 5,235 shares of the insurance provider’s stock worth $345,000 after buying an additional 840 shares during the last quarter. Finally, Wealthsource Partners LLC boosted its position in shares of Argo Group International Holdings by 1.9% in the first quarter. Wealthsource Partners LLC now owns 5,300 shares of the insurance provider’s stock worth $359,000 after buying an additional 100 shares during the last quarter. Institutional investors own 88.26% of the company’s stock.

Argo Group International Holdings Company Profile

Argo Group International Holdings, Ltd. is an underwriter of specialty insurance and reinsurance products in the property and casualty market. The Company operates through four segments: Excess and Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. Excess and Surplus Lines segment carriers focus on risks that the standard (admitted) market is unwilling or unable to underwrite.

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