Argo Group International Holdings, Ltd. (NASDAQ:AGII) insider Kevin James Rehnberg sold 2,500 shares of Argo Group International Holdings stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $59.74, for a total value of $149,350.00. Following the sale, the insider now owns 30,793 shares in the company, valued at approximately $1,839,573.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Argo Group International Holdings, Ltd. (AGII) traded down $0.27 during midday trading on Friday, hitting $58.23. The company had a trading volume of 276,717 shares, compared to its average volume of 119,443. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.52 and a current ratio of 0.52. Argo Group International Holdings, Ltd. has a 52-week low of $56.15 and a 52-week high of $69.03. The stock has a market capitalization of $1,760.00, a price-to-earnings ratio of 78.55 and a beta of 0.85.

Argo Group International Holdings (NASDAQ:AGII) last released its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.91) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($2.90). Argo Group International Holdings had a return on equity of 1.36% and a net margin of 3.15%. The company had revenue of $439.20 million for the quarter, compared to analysts’ expectations of $433.90 million. During the same period in the prior year, the business earned $1.12 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. equities analysts forecast that Argo Group International Holdings, Ltd. will post 0.87 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Thursday, November 30th. Argo Group International Holdings’s dividend payout ratio is currently 63.91%.

TRADEMARK VIOLATION NOTICE: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/11/18/argo-group-international-holdings-ltd-agii-insider-kevin-james-rehnberg-sells-2500-shares-of-stock.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dubuque Bank & Trust Co. purchased a new position in shares of Argo Group International Holdings during the second quarter worth about $176,000. Quantbot Technologies LP purchased a new position in shares of Argo Group International Holdings during the second quarter worth about $195,000. Neuberger Berman Group LLC grew its holdings in shares of Argo Group International Holdings by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 3,383 shares of the insurance provider’s stock worth $205,000 after buying an additional 27 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Argo Group International Holdings by 1.4% during the second quarter. Amalgamated Bank now owns 3,671 shares of the insurance provider’s stock worth $222,000 after buying an additional 49 shares during the last quarter. Finally, Diversified Trust Co grew its holdings in shares of Argo Group International Holdings by 1.4% during the second quarter. Diversified Trust Co now owns 3,750 shares of the insurance provider’s stock worth $227,000 after buying an additional 50 shares during the last quarter. 85.40% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on AGII shares. Zacks Investment Research upgraded Argo Group International Holdings from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Friday, August 11th. BidaskClub upgraded Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th.

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.

Insider Buying and Selling 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.