Argo Group International Holdings Ltd. (NASDAQ:agii) declared a quarterly dividend on Tuesday, November 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of 0.22 per share on Thursday, December 15th. This represents a $0.88 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Tuesday, November 29th.

Argo Group International Holdings (NASDAQ:AGII) opened at 65.55 on Wednesday. The firm has a 50-day moving average price of $57.67 and a 200-day moving average price of $54.65. Argo Group International Holdings has a 52 week low of $41.55 and a 52 week high of $67.60. The firm has a market capitalization of $1.96 billion, a P/E ratio of 13.13 and a beta of 0.73.

Argo Group International Holdings (NASDAQ:AGII) last released its earnings results on Tuesday, November 1st. The company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.34. The firm earned $416.70 million during the quarter, compared to analyst estimates of $353.68 million. Argo Group International Holdings had a net margin of 10.06% and a return on equity of 7.11%. The business’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. Equities analysts forecast that Argo Group International Holdings will post $4.08 EPS for the current year.

Dividend History for Argo Group International Holdings (NASDAQ:agii)

A number of research firms have weighed in on AGII. Keefe, Bruyette & Woods boosted their target price on shares of Argo Group International Holdings from $56.00 to $58.00 and gave the stock a “market perform” rating in a research report on Thursday, August 4th. Zacks Investment Research raised shares of Argo Group International Holdings from a “hold” rating to a “strong-buy” rating and set a $63.00 target price for the company in a research report on Tuesday, August 9th. Finally, Compass Point boosted their target price on shares of Argo Group International Holdings from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $62.25.

In related news, insider Kevin James Rehnberg acquired 8,543 shares of the business’s stock in a transaction dated Friday, September 23rd. The stock was acquired at an average price of $56.21 per share, with a total value of $480,202.03. Following the completion of the transaction, the insider now owns 30,238 shares of the company’s stock, valued at $1,699,677.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jay Stanley Bullock sold 18,661 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $56.62, for a total transaction of $1,056,585.82. The disclosure for this sale can be found here. Insiders own 5.79% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in AGII. The Manufacturers Life Insurance Company bought a new position in shares of Argo Group International Holdings during the third quarter worth approximately $1,054,000. Northern Trust Corp boosted its stake in Argo Group International Holdings by 3.0% in the third quarter. Northern Trust Corp now owns 527,375 shares of the company’s stock worth $29,755,000 after buying an additional 15,234 shares during the last quarter. Pine River Capital Management L.P. boosted its stake in Argo Group International Holdings by 10.0% in the second quarter. Pine River Capital Management L.P. now owns 21,279 shares of the company’s stock worth $1,104,000 after buying an additional 1,934 shares during the last quarter. AQR Capital Management LLC boosted its stake in Argo Group International Holdings by 16.4% in the second quarter. AQR Capital Management LLC now owns 337,762 shares of the company’s stock worth $17,530,000 after buying an additional 47,634 shares during the last quarter. Finally, Paloma Partners Management Co boosted its stake in Argo Group International Holdings by 84.3% in the second quarter. Paloma Partners Management Co now owns 14,412 shares of the company’s stock worth $748,000 after buying an additional 6,594 shares during the last quarter. 89.47% of the stock is owned by institutional investors and hedge funds.

About Argo Group International Holdings

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.

5 Day Chart for NASDAQ:AGII

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