Renaissance Technologies LLC raised its stake in Argo Group International Holdings, Ltd. (NASDAQ:AGII) by 147.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,040 shares of the insurance provider’s stock after buying an additional 10,757 shares during the period. Renaissance Technologies LLC’s holdings in Argo Group International Holdings were worth $1,223,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wealthsource Partners LLC increased its stake in Argo Group International Holdings by 1.9% in the first quarter. Wealthsource Partners LLC now owns 5,300 shares of the insurance provider’s stock worth $359,000 after buying an additional 100 shares during the period. Sei Investments Co. increased its stake in Argo Group International Holdings by 0.9% in the first quarter. Sei Investments Co. now owns 19,104 shares of the insurance provider’s stock worth $1,296,000 after buying an additional 179 shares during the period. 1st Global Advisors Inc. increased its stake in Argo Group International Holdings by 2.2% in the first quarter. 1st Global Advisors Inc. now owns 10,548 shares of the insurance provider’s stock worth $715,000 after buying an additional 225 shares during the period. Martingale Asset Management L P increased its stake in Argo Group International Holdings by 0.4% in the first quarter. Martingale Asset Management L P now owns 83,565 shares of the insurance provider’s stock worth $5,666,000 after buying an additional 300 shares during the period. Finally, American International Group Inc. increased its stake in Argo Group International Holdings by 5.3% in the first quarter. American International Group Inc. now owns 17,454 shares of the insurance provider’s stock worth $1,183,000 after buying an additional 874 shares during the period. 87.10% of the stock is owned by institutional investors and hedge funds.

Shares of Argo Group International Holdings, Ltd. (AGII) traded down 0.08% on Friday, reaching $60.15. The company had a trading volume of 33,731 shares. The firm has a market capitalization of $1.81 billion, a P/E ratio of 10.87 and a beta of 0.82. The company’s 50-day moving average price is $60.24 and its 200 day moving average price is $63.45. Argo Group International Holdings, Ltd. has a 52 week low of $54.40 and a 52 week high of $69.03.

Argo Group International Holdings (NASDAQ:AGII) last posted its quarterly earnings results on Monday, August 7th. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.25. The company had revenue of $447.10 million for the quarter, compared to analysts’ expectations of $412.90 million. Argo Group International Holdings had a return on equity of 6.39% and a net margin of 10.04%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 earnings per share. On average, analysts expect that Argo Group International Holdings, Ltd. will post $3.95 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, August 30th. Argo Group International Holdings’s dividend payout ratio (DPR) is currently 19.49%.

TRADEMARK VIOLATION NOTICE: This story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/08/25/argo-group-international-holdings-ltd-agii-stake-boosted-by-renaissance-technologies-llc.html.

AGII has been the subject of a number of research reports. Zacks Investment Research raised Argo Group International Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 9th. BidaskClub raised Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $70.00 target price on shares of Argo Group International Holdings in a report on Tuesday, July 4th.

In other Argo Group International Holdings news, insider Mark E. Watson III sold 6,503 shares of the business’s stock in a transaction 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 directly owns 534,272 shares of the company’s stock, valued at approximately $32,644,019.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kevin James Rehnberg sold 3,500 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $61.00, for a total transaction of $213,500.00. Following the sale, the insider now directly owns 33,193 shares in the company, valued at $2,024,773. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,295 shares of company stock worth $994,079. Company insiders own 4.86% of the company’s stock.

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.

Institutional Ownership by Quarter for Argo Group International Holdings (NASDAQ:AGII)

Receive News & Stock Ratings for Argo Group International Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Argo Group International Holdings Ltd. and related stocks with our FREE daily email newsletter.