Argo Group International Holdings, Ltd. (NASDAQ:AGII) Shares Bought by State Street Corp

State Street Corp increased its stake in Argo Group International Holdings, Ltd. (NASDAQ:AGII) by 6.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 748,556 shares of the insurance provider’s stock after purchasing an additional 44,589 shares during the period. State Street Corp owned 2.48% of Argo Group International Holdings worth $45,360,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Neuberger Berman Group LLC raised its position in Argo Group International Holdings by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,383 shares of the insurance provider’s stock worth $205,000 after purchasing an additional 27 shares during the last quarter. Amalgamated Bank raised its position in Argo Group International Holdings by 1.4% in the 2nd quarter. Amalgamated Bank now owns 3,671 shares of the insurance provider’s stock worth $222,000 after purchasing an additional 49 shares during the last quarter. Diversified Trust Co raised its position in Argo Group International Holdings by 1.4% in the 2nd quarter. Diversified Trust Co now owns 3,750 shares of the insurance provider’s stock worth $227,000 after purchasing an additional 50 shares during the last quarter. Martingale Asset Management L P raised its position in Argo Group International Holdings by 0.4% in the 2nd quarter. Martingale Asset Management L P now owns 83,865 shares of the insurance provider’s stock worth $5,083,000 after purchasing an additional 300 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in Argo Group International Holdings by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 41,873 shares of the insurance provider’s stock worth $2,538,000 after purchasing an additional 318 shares during the last quarter. Hedge funds and other institutional investors own 85.40% of the company’s stock.

Several research firms recently weighed in on AGII. BidaskClub upgraded shares of Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. Zacks Investment Research upgraded shares of Argo Group International Holdings from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research report on Friday, August 11th.

ILLEGAL ACTIVITY WARNING: This story was originally posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.truebluetribune.com/2017/11/14/state-street-corp-increases-position-in-argo-group-international-holdings-ltd-agii.html.

In other news, insider Mark E. Watson III sold 22,246 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $35,732,455.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.86% of the company’s stock.

Shares of Argo Group International Holdings, Ltd. (NASDAQ:AGII) opened at $59.80 on Tuesday. The company has a market cap of $1,780.85, a price-to-earnings ratio of 78.95 and a beta of 0.85. Argo Group International Holdings, Ltd. has a 1 year low of $56.15 and a 1 year high of $69.03. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.22.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Thursday, November 30th. Argo Group International Holdings’s payout ratio is 63.53%.

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)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply