Goldman Sachs Group Inc. Has $11.37 Million Holdings in Argo Group International Holdings, Ltd. (NASDAQ:AGII)

Goldman Sachs Group Inc. lessened its position in Argo Group International Holdings, Ltd. (NASDAQ:AGII) by 16.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 187,630 shares of the insurance provider’s stock after selling 37,596 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.62% of Argo Group International Holdings worth $11,370,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dubuque Bank & Trust Co. purchased a new position in shares of Argo Group International Holdings in the 2nd quarter valued at approximately $176,000. Quantbot Technologies LP purchased a new position in shares of Argo Group International Holdings in the 2nd quarter valued at approximately $195,000. Neuberger Berman Group LLC lifted its stake in shares of 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 valued at $205,000 after purchasing an additional 27 shares during the period. Amalgamated Bank lifted its stake in shares of Argo Group International Holdings by 1.4% in the 2nd quarter. Amalgamated Bank now owns 3,671 shares of the insurance provider’s stock valued at $222,000 after purchasing an additional 49 shares during the period. Finally, Diversified Trust Co lifted its stake in shares of 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 valued at $227,000 after purchasing an additional 50 shares during the period. Institutional investors own 86.21% of the company’s stock.

Argo Group International Holdings, Ltd. (AGII) traded up 0.31% on Friday, reaching $64.05. The company had a trading volume of 96,887 shares. The company has a market capitalization of $1.93 billion, a P/E ratio of 11.58 and a beta of 0.80. The stock’s 50-day moving average is $61.61 and its 200-day moving average is $61.78. 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 earnings results on Monday, August 7th. The insurance provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.25. The company had revenue of $447.10 million during the quarter, compared to analyst estimates of $412.90 million. Argo Group International Holdings had a return on equity of 6.39% and a net margin of 10.04%. Argo Group International Holdings’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 earnings per share. Equities research analysts forecast that Argo Group International Holdings, Ltd. will post $0.84 EPS for the current fiscal year.

In other Argo Group International Holdings news, insider Mark E. Watson III sold 22,246 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $60.19, for a total transaction of $1,338,986.74. Following the completion of the sale, the insider now owns 593,661 shares in the company, valued at $35,732,455.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 4.86% of the stock is owned by corporate insiders.

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A number of research 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 for the company in a research note on Friday, August 11th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $70.00 target price on shares of Argo Group International Holdings in a research note on Tuesday, July 4th. Finally, BidaskClub upgraded Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th.

Argo Group International Holdings 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)

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