Insider Selling: Jay Stanley Bullock Unloads 20,000 Shares of Argo Group International Holdings Stock (AGII)
Argo Group International Holdings (NASDAQ:AGII) CFO Jay Stanley Bullock sold 20,000 shares of Argo Group International Holdings stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $53.00, for a total value of $1,060,000.00. Following the transaction, the chief financial officer now directly owns 57,243 shares of the company’s stock, valued at approximately $3,033,879. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on AGII. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Argo Group International Holdings from $51.00 to $56.00 in a research note on Wednesday, August 6th. Analysts at Raymond James raised their price target on shares of Argo Group International Holdings from $50.00 to $55.00 in a research note on Thursday, July 17th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $52.67.
Argo Group International Holdings (NASDAQ:AGII) traded up 0.02% on Thursday, hitting $52.84. 62,861 shares of the company’s stock traded hands. Argo Group International Holdings has a 52-week low of $34.57 and a 52-week high of $54.00. The stock has a 50-day moving average of $51.86 and a 200-day moving average of $48.28. The company has a market cap of $1.374 billion and a P/E ratio of 9.12.
Argo Group International Holdings (NASDAQ:AGII) last announced its earnings results on Monday, August 4th. The company reported $0.89 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.81 by $0.08. The company had revenue of $375.20 million for the quarter, compared to the consensus estimate of $342.99 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. On average, analysts predict that Argo Group International Holdings will post $3.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Monday, September 1st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, August 27th.
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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