Insider Selling: Mark Watson III Sells 10,000 Shares of Argo Group International Holdings Stock (AGII)
Argo Group International Holdings (NASDAQ:AGII) CEO Mark Watson III sold 10,000 shares of Argo Group International Holdings stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $42.55, for a total value of $425,500.00. Following the transaction, the chief executive officer now directly owns 424,542 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at Guggenheim initiated coverage on shares of Argo Group International Holdings (NASDAQ:AGII) in a research note to investors on Wednesday. They set a “neutral” rating on the stock.
Argo Group International Holdings (NASDAQ:AGII) traded up 0.09% during mid-day trading on Wednesday, hitting $42.86. 81,788 shares of the company’s stock traded hands. The stock’s 50-day moving average is $0. and its 200-day moving average is $0.. The company has a market cap of $1.143 billion and a price-to-earnings ratio of 16.56.
Argo Group International Holdings (NASDAQ:AGII) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.71 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.73 by $0.02. The company had revenue of $364.00 million for the quarter, compared to the consensus estimate of $320.97 million. During the same quarter last year, the company posted $0.55 earnings per share. Argo Group International Holdings’s revenue was up 14.5% compared to the same quarter last year. On average, analysts predict that Argo Group International Holdings will post $2.90 earnings per share for the current fiscal year.
Argo Group International Holdings, Ltd. (NASDAQ:AGII) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market.
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