Shares of Argo Group International Holdings, Ltd. (NASDAQ:AGII) have been assigned a consensus rating of “Hold” from the four ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $71.00.
Several equities research analysts have recently issued reports on AGII shares. Zacks Investment Research upgraded Argo Group International from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 19th. BidaskClub raised Argo Group International from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Keefe, Bruyette & Woods raised Argo Group International from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $67.00 to $71.00 in a research note on Thursday, December 28th. Finally, ValuEngine lowered Argo Group International from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th.
Shares of Argo Group International (AGII) traded down $0.10 during midday trading on Tuesday, reaching $60.50. The company’s stock had a trading volume of 94,889 shares, compared to its average volume of 174,597. Argo Group International has a 1 year low of $56.15 and a 1 year high of $69.03. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a market capitalization of $1,795.70, a price-to-earnings ratio of 38.29 and a beta of 0.74.
In other Argo Group International news, CFO Jay Stanley Bullock sold 6,743 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $60.97, for a total value of $411,120.71. Following the transaction, the chief financial officer now owns 85,767 shares of the company’s stock, valued at $5,229,213.99. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director F Sedgwick Browne sold 4,144 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $61.24, for a total value of $253,778.56. Following the completion of the transaction, the director now directly owns 23,169 shares in the company, valued at approximately $1,418,869.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,024 shares of company stock worth $917,711. 4.86% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Delpha Capital Management LLC bought a new stake in Argo Group International in the fourth quarter valued at approximately $183,000. Cubist Systematic Strategies LLC bought a new stake in Argo Group International in the second quarter valued at approximately $271,000. Ramsey Quantitative Systems bought a new stake in Argo Group International in the fourth quarter valued at approximately $294,000. QS Investors LLC raised its stake in Argo Group International by 110.7% in the fourth quarter. QS Investors LLC now owns 5,150 shares of the insurance provider’s stock valued at $317,000 after buying an additional 2,706 shares during the period. Finally, Aperio Group LLC raised its stake in Argo Group International by 16.9% in the third quarter. Aperio Group LLC now owns 5,553 shares of the insurance provider’s stock valued at $342,000 after buying an additional 802 shares during the period. 85.15% of the stock is currently owned by institutional investors.
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Argo Group International Company 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.
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