Frontier Capital Management Co. LLC increased its position in Argo Group (NASDAQ:ARGO) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,397,552 shares of the company’s stock after buying an additional 28,560 shares during the period. Frontier Capital Management Co. LLC’s holdings in Argo Group were worth $98,751,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. FTB Advisors Inc. acquired a new stake in shares of Argo Group in the 4th quarter valued at about $38,000. Spectrum Management Group Inc. acquired a new stake in shares of Argo Group in the 4th quarter valued at about $39,000. James Investment Research Inc. acquired a new stake in shares of Argo Group in the 4th quarter valued at about $46,000. Riggs Asset Managment Co. Inc. acquired a new stake in shares of Argo Group in the 1st quarter valued at about $52,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Argo Group in the 1st quarter valued at about $53,000.
Several brokerages have recently commented on ARGO. Zacks Investment Research upgraded Argo Group from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Thursday, May 2nd. Boenning Scattergood restated a “buy” rating and issued a $74.00 target price on shares of Argo Group in a research note on Tuesday, April 30th. William Blair downgraded Argo Group from an “outperform” rating to a “market perform” rating and set a $74.12 target price for the company. in a research note on Friday, April 26th. Finally, Compass Point raised shares of Argo Group from a “neutral” rating to a “buy” rating and set a $68.10 price target on the stock in a research report on Tuesday, March 19th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $73.70.
NASDAQ ARGO traded up $0.97 during trading hours on Thursday, hitting $74.74. The company’s stock had a trading volume of 540 shares, compared to its average volume of 124,701. Argo Group has a 52 week low of $57.75 and a 52 week high of $78.57.
Argo Group (NASDAQ:ARGO) last announced its quarterly earnings results on Monday, April 29th. The company reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.30. The business had revenue of $456.70 million during the quarter, compared to the consensus estimate of $488.65 million.
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Argo Group Profile
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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