Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Argo Group International Holdings, Ltd. (NASDAQ:AGII) in a report released on Tuesday, July 4th, StockTargetPrices.com reports. The brokerage currently has a $70.00 target price on the insurance provider’s stock.

AGII has been the subject of a number of other reports. BidaskClub upgraded shares of Argo Group International Holdings from a strong sell rating to a sell rating in a research note on Friday, June 30th. Zacks Investment Research lowered shares of Argo Group International Holdings from a strong-buy rating to a sell rating in a research note on Friday, April 21st.

Argo Group International Holdings (NASDAQ:AGII) traded down 0.17% on Tuesday, reaching $59.85. The company’s stock had a trading volume of 79,047 shares. Argo Group International Holdings has a 12 month low of $53.91 and a 12 month high of $69.03. The firm’s 50 day moving average is $60.43 and its 200-day moving average is $64.01. The firm has a market cap of $1.81 billion, a P/E ratio of 11.84 and a beta of 0.82.

Argo Group International Holdings (NASDAQ:AGII) last released its quarterly earnings data on Wednesday, May 3rd. The insurance provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The business had revenue of $428.10 million during the quarter, compared to analyst estimates of $407.90 million. Argo Group International Holdings had a net margin of 9.53% and a return on equity of 6.07%. Argo Group International Holdings’s revenue was up 15.7% compared to the same quarter last year. During the same period last year, the business earned $0.98 EPS. On average, equities research analysts anticipate that Argo Group International Holdings will post $3.84 EPS for the current year.

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In related news, CFO Jay Stanley Bullock sold 6,292 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $60.91, for a total transaction of $383,245.72. Following the completion of the sale, the chief financial officer now directly owns 86,115 shares in the company, valued at $5,245,264.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark E. Watson III sold 6,503 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $61.10, for a total transaction of $397,333.30. Following the sale, the insider now owns 534,272 shares of the company’s stock, valued at $32,644,019.20. The disclosure for this sale can be found here. Insiders sold 16,295 shares of company stock valued at $994,079 over the last quarter. Company insiders own 5.79% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. State Street Corp increased its position in shares of Argo Group International Holdings by 13.9% in the fourth quarter. State Street Corp now owns 593,373 shares of the insurance provider’s stock valued at $39,101,000 after buying an additional 72,186 shares in the last quarter. FMR LLC increased its position in shares of Argo Group International Holdings by 28.4% in the fourth quarter. FMR LLC now owns 251,442 shares of the insurance provider’s stock valued at $16,570,000 after buying an additional 55,604 shares in the last quarter. A.R.T. Advisors LLC purchased a new position in shares of Argo Group International Holdings during the fourth quarter valued at $303,000. First Republic Investment Management Inc. increased its position in shares of Argo Group International Holdings by 19.1% in the fourth quarter. First Republic Investment Management Inc. now owns 5,235 shares of the insurance provider’s stock valued at $345,000 after buying an additional 840 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Argo Group International Holdings during the fourth quarter valued at $30,631,000. 88.61% of the stock is currently 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.

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