Amalgamated Bank lifted its stake in shares of Argo Group International Holdings, Ltd. (NASDAQ:AGII) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,671 shares of the insurance provider’s stock after purchasing an additional 49 shares during the quarter. Amalgamated Bank’s holdings in Argo Group International Holdings were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Argo Group International Holdings by 9,732.6% during the 1st quarter. BlackRock Inc. now owns 2,502,010 shares of the insurance provider’s stock worth $169,638,000 after purchasing an additional 2,476,564 shares during the period. Vanguard Group Inc. raised its position in shares of Argo Group International Holdings by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 2,320,871 shares of the insurance provider’s stock worth $157,355,000 after purchasing an additional 118,097 shares during the period. State Street Corp raised its position in shares of Argo Group International Holdings by 18.6% during the 1st quarter. State Street Corp now owns 703,967 shares of the insurance provider’s stock worth $47,728,000 after purchasing an additional 110,594 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Argo Group International Holdings by 3.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 511,032 shares of the insurance provider’s stock worth $30,969,000 after purchasing an additional 15,037 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Argo Group International Holdings by 18.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 447,108 shares of the insurance provider’s stock worth $27,094,000 after purchasing an additional 69,039 shares during the period. Institutional investors and hedge funds own 87.09% of the company’s stock.

In related news, insider Mark E. Watson III sold 22,246 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $60.19, for a total value of $1,338,986.74. Following the completion of the transaction, the insider now owns 593,661 shares in the company, valued at approximately $35,732,455.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.86% of the company’s stock.

Argo Group International Holdings, Ltd. (AGII) opened at 63.15 on Friday. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 11.41 and a beta of 0.80. Argo Group International Holdings, Ltd. has a one year low of $54.40 and a one year high of $69.03. The company has a 50-day moving average price of $60.84 and a 200-day moving average price of $61.97.

Argo Group International Holdings (NASDAQ:AGII) last posted its quarterly earnings data on Monday, August 7th. The insurance provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.25. Argo Group International Holdings had a net margin of 10.04% and a return on equity of 6.39%. The firm had revenue of $447.10 million during the quarter, compared to analysts’ expectations of $412.90 million. During the same quarter in the previous year, the company posted $1.20 EPS. Argo Group International Holdings’s revenue was up 15.2% on a year-over-year basis. Equities research analysts anticipate that Argo Group International Holdings, Ltd. will post $3.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.71%. The ex-dividend date was Wednesday, August 30th. Argo Group International Holdings’s dividend payout ratio (DPR) is presently 19.49%.

A number of analysts have recently weighed in on AGII shares. BidaskClub upgraded Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. Zacks Investment Research cut Argo Group International Holdings from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $70.00 price target on shares of Argo Group International Holdings in a research report on Tuesday, July 4th.

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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.

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

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