Argo Group International Holdings, Ltd. (NASDAQ:AGII) CEO Mark E. Watson III sold 5,772 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $54.02, for a total transaction of $311,803.44. Following the sale, the chief executive officer now owns 536,239 shares in the company, valued at $28,967,630.78. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Argo Group International Holdings, Ltd. (NASDAQ:AGII) opened at $54.65 on Monday. Argo Group International Holdings, Ltd. has a 52 week low of $49.69 and a 52 week high of $60.80. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.22.
Argo Group International (NASDAQ:AGII) last posted its earnings results on Tuesday, February 13th. The insurance provider reported ($0.66) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.15). The firm had revenue of $441.60 million during the quarter. Argo Group International had a negative return on equity of 0.80% and a net margin of 2.84%. equities research analysts expect that Argo Group International Holdings, Ltd. will post 3.47 EPS for the current year.
Several large investors have recently modified their holdings of AGII. Janus Henderson Group PLC bought a new position in shares of Argo Group International in the 3rd quarter worth $15,531,000. Thrivent Financial For Lutherans increased its holdings in shares of Argo Group International by 189.2% in the 4th quarter. Thrivent Financial For Lutherans now owns 307,556 shares of the insurance provider’s stock worth $18,961,000 after buying an additional 201,200 shares during the last quarter. Hillcrest Asset Management LLC bought a new position in shares of Argo Group International in the 4th quarter worth $10,644,000. Thompson Siegel & Walmsley LLC bought a new position in shares of Argo Group International in the 3rd quarter worth $10,600,000. Finally, Dean Investment Associates LLC bought a new position in shares of Argo Group International during the 4th quarter valued at $6,109,000. 78.24% of the stock is currently owned by hedge funds and other institutional investors.
AGII has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Argo Group International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. BidaskClub upgraded shares of Argo Group International from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $62.00 target price on shares of Argo Group International in a research note on Friday, February 23rd. Finally, ValuEngine cut shares of Argo Group International from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th.
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About Argo Group International
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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