Argo Group (NASDAQ:ARGO) insider Mark E. Watson III sold 9,310 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $67.14, for a total transaction of $625,073.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Argo Group stock opened at $66.69 on Friday. Argo Group has a 52-week low of $50.53 and a 52-week high of $69.77.
Argo Group (NASDAQ:ARGO) last issued its quarterly earnings results on Monday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.19. The firm had revenue of $484.70 million during the quarter, compared to analysts’ expectations of $462.83 million.
A number of institutional investors have recently modified their holdings of ARGO. Peregrine Capital Management LLC purchased a new position in Argo Group in the second quarter worth approximately $31,536,000. First National Bank of Omaha purchased a new position in Argo Group in the second quarter worth approximately $1,328,000. Bank of Montreal Can purchased a new position in Argo Group in the second quarter worth approximately $3,383,000. Crescent Grove Advisors LLC purchased a new position in Argo Group in the second quarter worth approximately $1,606,000. Finally, Dubuque Bank & Trust Co. purchased a new position in Argo Group in the second quarter worth approximately $212,000.
ARGO has been the subject of several recent research reports. Raymond James lowered their price objective on shares of Argo Group from $72.00 to $70.00 and set a “strong-buy” rating for the company in a research note on Friday, October 19th. Boenning Scattergood set a $72.00 price target on shares of Argo Group and gave the stock an “outperform” rating in a research note on Tuesday, October 2nd. Zacks Investment Research downgraded shares of Argo Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Argo Group to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 7th.
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About Argo Group
Argo Group International Holdings Ltd. engages in underwriting property and casualty insurance and reinsurance. The company operates through following segments: Property, Liability, Professional and Specialty. The Property segment includes both property insurance and reinsurance products. The Liability segment includes a broad range of primary and excess casualty products.
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