Argo Group International Holdings, Ltd. (NASDAQ:AGII) CFO Jay Stanley Bullock sold 12,947 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $54.99, for a total transaction of $711,955.53. Following the sale, the chief financial officer now owns 80,406 shares in the company, valued at approximately $4,421,525.94. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of NASDAQ AGII traded down $0.50 during midday trading on Friday, reaching $57.10. 143,217 shares of the stock traded hands, compared to its average volume of 167,735. 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 capitalization of $1,944.83, a P/E ratio of -135.95 and a beta of 0.62. Argo Group International Holdings, Ltd. has a one year low of $49.69 and a one year high of $60.80.
Argo Group International (NASDAQ:AGII) last posted its earnings results on Tuesday, February 13th. The insurance provider reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.15). The firm had revenue of $441.60 million for the quarter. Argo Group International had a net margin of 2.84% and a negative return on equity of 0.80%. equities analysts predict that Argo Group International Holdings, Ltd. will post 3.47 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Wednesday, March 7th were given a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $1.08 dividend on an annualized basis and a yield of 1.89%. Argo Group International’s dividend payout ratio is presently -257.14%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors increased its stake in Argo Group International by 22.2% in the third quarter. Nationwide Fund Advisors now owns 72,002 shares of the insurance provider’s stock worth $4,428,000 after purchasing an additional 13,098 shares during the period. First Trust Advisors LP increased its stake in Argo Group International by 17.6% in the third quarter. First Trust Advisors LP now owns 75,359 shares of the insurance provider’s stock worth $4,635,000 after purchasing an additional 11,304 shares during the period. Aperio Group LLC increased 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 worth $342,000 after purchasing an additional 802 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Argo Group International by 6.5% in the third quarter. State Board of Administration of Florida Retirement System now owns 24,641 shares of the insurance provider’s stock worth $1,515,000 after purchasing an additional 1,500 shares during the period. Finally, American Century Companies Inc. increased its stake in Argo Group International by 1.8% in the third quarter. American Century Companies Inc. now owns 117,273 shares of the insurance provider’s stock worth $7,212,000 after purchasing an additional 2,040 shares during the period. Institutional investors own 79.58% of the company’s stock.
A number of equities analysts have weighed in on the company. Zacks Investment Research raised Argo Group International from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. BidaskClub lowered shares of Argo Group International from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Keefe, Bruyette & Woods raised shares of Argo Group International from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $67.00 to $71.00 in a report on Thursday, December 28th. Finally, ValuEngine lowered shares of Argo Group International from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th.
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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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