Insider Selling: Argo Group International Holdings, Ltd. (AGII) CEO Sells 8,800 Shares of Stock

Argo Group International Holdings, Ltd. (NASDAQ:AGII) CEO Mark E. Watson III sold 8,800 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $59.74, for a total transaction of $525,712.00. Following the completion of the sale, the chief executive officer now directly owns 543,056 shares in the company, valued at $32,442,165.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Argo Group International Holdings, Ltd. (NASDAQ AGII) traded down $0.10 during mid-day trading on Thursday, reaching $58.95. 186,953 shares of the company traded hands, compared to its average volume of 166,356. Argo Group International Holdings, Ltd. has a one year low of $56.15 and a one year high of $69.03. The stock has a market cap of $1,750.00, a P/E ratio of 37.55 and a beta of 0.74. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.22.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Wednesday, March 7th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.83%. The ex-dividend date is Tuesday, March 6th. Argo Group International’s dividend payout ratio (DPR) is 68.79%.

A number of hedge funds have recently made changes to their positions in the stock. Aperio Group LLC grew its position in Argo Group International by 16.9% during the 3rd quarter. Aperio Group LLC now owns 5,553 shares of the insurance provider’s stock valued at $342,000 after purchasing an additional 802 shares during the last quarter. Guggenheim Capital LLC grew its position in Argo Group International by 2.1% during the 4th quarter. Guggenheim Capital LLC now owns 42,049 shares of the insurance provider’s stock valued at $2,593,000 after purchasing an additional 871 shares during the last quarter. Voya Investment Management LLC grew its position in Argo Group International by 7.0% during the 2nd quarter. Voya Investment Management LLC now owns 14,125 shares of the insurance provider’s stock valued at $856,000 after purchasing an additional 924 shares during the last quarter. New York State Common Retirement Fund grew its position in Argo Group International by 3.3% during the 2nd quarter. New York State Common Retirement Fund now owns 30,969 shares of the insurance provider’s stock valued at $1,877,000 after purchasing an additional 999 shares during the last quarter. Finally, Bank of Nova Scotia grew its position in Argo Group International by 13.2% during the 2nd quarter. Bank of Nova Scotia now owns 9,301 shares of the insurance provider’s stock valued at $564,000 after purchasing an additional 1,084 shares during the last quarter. 84.51% of the stock is currently owned by institutional investors.

A number of analysts have recently weighed in on AGII shares. Zacks Investment Research downgraded shares of Argo Group International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. BidaskClub raised shares of Argo Group International from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. ValuEngine downgraded shares of Argo Group International from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. Finally, Keefe, Bruyette & Woods raised shares of Argo Group International from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $67.00 to $71.00 in a research report on Thursday, December 28th.

COPYRIGHT VIOLATION WARNING: “Insider Selling: Argo Group International Holdings, Ltd. (AGII) CEO Sells 8,800 Shares of Stock” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/22/insider-selling-argo-group-international-holdings-ltd-agii-ceo-sells-8800-shares-of-stock.html.

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.

Insider Buying and Selling by Quarter for Argo Group International (NASDAQ:AGII)

Receive News & Ratings for Argo Group International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Argo Group International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply