Argo Group International Holdings Ltd. (NASDAQ:AGII) CEO Mark E. Watson III sold 7,084 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $64.90, for a total value of $459,751.60. Following the completion of the transaction, the chief executive officer now directly owns 574,923 shares of the company’s stock, valued at $37,312,502.70. The sale was disclosed in a filing with the SEC, which is available at this link.

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

Argo Group International Holdings (NASDAQ:AGII) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.34. Argo Group International Holdings had a return on equity of 7.11% and a net margin of 10.06%. The company earned $416.70 million during the quarter, compared to analysts’ expectations of $353.68 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. On average, equities analysts expect that Argo Group International Holdings Ltd. will post $4.08 EPS for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis 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 presently 17.60%.

Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake 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 in the last quarter. BNP Paribas Arbitrage SA boosted its stake 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 in the last quarter. New York State Teachers Retirement System boosted its stake 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 in the last quarter. Quantbot Technologies LP boosted its stake 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 in the last quarter. Finally, Neuberger Berman Group LLC purchased a new stake in shares of Argo Group International Holdings during the third quarter worth about $211,000. Institutional investors own 88.70% of the company’s stock.

AGII has been the subject of a number of recent research reports. Zacks Investment Research raised Argo Group International Holdings from a “sell” rating to a “hold” rating in a report on Friday, November 4th. Compass Point increased their target price on Argo Group International Holdings from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Finally, Keefe, Bruyette & Woods increased their target price on Argo Group International Holdings from $56.00 to $58.00 and gave the stock a “market perform” rating in a report 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. Argo Group International Holdings presently has an average rating of “Hold” and an average 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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