Argo Group International Holdings Ltd. (NASDAQ:AGII) Director Hector Deleon sold 4,199 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $64.87, for a total transaction of $272,389.13. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Argo Group International Holdings Ltd. (NASDAQ:AGII) traded down 0.23% during trading on Wednesday, reaching $64.35. 184,758 shares of the company’s stock were exchanged. Argo Group International Holdings Ltd. has a 12-month low of $41.55 and a 12-month high of $67.60. The stock has a market cap of $1.93 billion, a P/E ratio of 12.89 and a beta of 0.73. The company has a 50 day moving average of $59.17 and a 200 day moving average of $55.18.

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

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Tuesday, November 29th. Argo Group International Holdings’s dividend payout ratio is currently 17.60%.

Several institutional investors have recently bought and sold shares of AGII. BlackRock Inc. increased its position in shares of Argo Group International Holdings by 155.9% in the first quarter. BlackRock Inc. now owns 2,019 shares of the company’s stock worth $117,000 after buying an additional 1,230 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Argo Group International Holdings by 409.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,065 shares of the company’s stock worth $107,000 after buying an additional 1,660 shares during the period. New York State Teachers Retirement System increased its position in shares of Argo Group International Holdings by 10.0% in the second quarter. New York State Teachers Retirement System now owns 2,640 shares of the company’s stock worth $137,000 after buying an additional 240 shares during the period. Quantbot Technologies LP increased its position in shares of Argo Group International Holdings by 32.4% in the second quarter. Quantbot Technologies LP now owns 3,541 shares of the company’s stock worth $183,000 after buying an additional 866 shares during the period. Finally, Neuberger Berman Group LLC purchased a new position in shares of Argo Group International Holdings during the third quarter worth approximately $211,000. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

AGII has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Argo Group International Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, October 18th. Compass Point upped their price target on shares of Argo Group International Holdings from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Finally, Keefe, Bruyette & Woods upped 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 note on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $62.25.

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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.

5 Day Chart for NASDAQ:AGII

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