Argo Group International Holdings Ltd. (NASDAQ:AGII) CEO Mark E. Watson III sold 16,594 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $64.51, for a total value of $1,070,478.94. Following the transaction, the chief executive officer now owns 574,923 shares in the company, valued at approximately $37,088,282.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Argo Group International Holdings Ltd. (NASDAQ:AGII) remained flat at $64.35 during trading on Thursday. 184,758 shares of the stock were exchanged. Argo Group International Holdings Ltd. has a 1-year low of $41.55 and a 1-year high of $67.60. The firm has a 50-day moving average of $59.17 and a 200 day moving average of $55.18. The stock has a market capitalization of $1.93 billion, a PE ratio of 12.89 and a beta of 0.73.

Argo Group International Holdings (NASDAQ:AGII) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $416.70 million for the quarter, compared to analyst estimates of $353.68 million. During the same quarter in the prior year, the company posted $0.78 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities research analysts expect 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 is Tuesday, November 29th. Argo Group International Holdings’s dividend payout ratio (DPR) is presently 17.60%.

Several institutional investors have recently made changes to their positions in the stock. Frontier Capital Management Co. LLC raised its position in shares of Argo Group International Holdings by 6.0% in the second quarter. Frontier Capital Management Co. LLC now owns 1,683,502 shares of the company’s stock valued at $87,374,000 after buying an additional 95,729 shares during the period. Eqis Capital Management Inc. raised its position in shares of Argo Group International Holdings by 20.4% in the second quarter. Eqis Capital Management Inc. now owns 5,391 shares of the company’s stock valued at $280,000 after buying an additional 913 shares during the period. Gabelli Funds LLC raised its position in shares of Argo Group International Holdings by 8.9% in the second quarter. Gabelli Funds LLC now owns 114,037 shares of the company’s stock valued at $5,919,000 after buying an additional 9,367 shares during the period. Barclays PLC raised its position in shares of Argo Group International Holdings by 117.0% in the first quarter. Barclays PLC now owns 24,642 shares of the company’s stock valued at $1,404,000 after buying an additional 13,287 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Argo Group International Holdings by 13.6% in the second quarter. American Century Companies Inc. now owns 46,484 shares of the company’s stock valued at $2,413,000 after buying an additional 5,567 shares during the period. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently commented on AGII. Zacks Investment Research upgraded Argo Group International Holdings from a “sell” rating to a “hold” rating in a research note on Friday, November 4th. Keefe, Bruyette & Woods raised their price target on Argo Group International Holdings from $56.00 to $58.00 and gave the company a “market perform” rating in a research note on Thursday, August 4th. Finally, Compass Point raised their price target on Argo Group International Holdings from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Argo Group International Holdings currently has an average rating of “Hold” and an average price target of $62.25.

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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.

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