Argo Group International Holdings, Ltd. (NASDAQ:AGII) Director Gary V. Woods acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was acquired at an average cost of $61.28 per share, with a total value of $1,225,600.00. Following the completion of the transaction, the director now owns 44,652 shares of the company’s stock, valued at $2,736,274.56. The transaction was disclosed in a filing with the SEC, which is available at this link.
Argo Group International Holdings, Ltd. (AGII) traded down $0.20 during trading on Friday, reaching $60.75. The company’s stock had a trading volume of 177,000 shares, compared to its average volume of 123,855. Argo Group International Holdings, Ltd. has a 12-month low of $56.15 and a 12-month high of $69.03. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market cap of $1,820.00, a price-to-earnings ratio of 80.20 and a beta of 0.82.
Argo Group International (NASDAQ:AGII) last posted its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.91) EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($2.90). Argo Group International 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 the consensus estimate of $433.90 million. During the same quarter last year, the business earned $1.12 EPS. Argo Group International’s revenue was up 5.4% on a year-over-year basis. equities analysts expect that Argo Group International Holdings, Ltd. will post 0.87 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.78%. Argo Group International’s dividend payout ratio (DPR) is presently 63.91%.
Institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in Argo Group International during the 2nd quarter worth $195,000. Neuberger Berman Group LLC increased its stake in Argo Group International by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,383 shares of the insurance provider’s stock worth $205,000 after acquiring an additional 27 shares during the period. Amalgamated Bank increased its stake in Argo Group International by 1.4% during the 2nd quarter. Amalgamated Bank now owns 3,671 shares of the insurance provider’s stock worth $222,000 after acquiring an additional 49 shares during the period. Cubist Systematic Strategies LLC bought a new position in Argo Group International during the 2nd quarter worth $271,000. Finally, BNP Paribas Arbitrage SA increased its stake in Argo Group International by 210.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,569 shares of the insurance provider’s stock worth $277,000 after acquiring an additional 3,098 shares during the period. Hedge funds and other institutional investors own 86.96% of the company’s stock.
A number of research firms have recently issued reports on AGII. Zacks Investment Research cut Argo Group International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. BidaskClub raised Argo Group International from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th.
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About Argo Group International
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.
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