Argo Group International Holdings, Ltd. (NASDAQ:AGII) issued its quarterly earnings results on Monday. The insurance provider reported $1.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.25, Briefing.com reports. Argo Group International Holdings had a return on equity of 8.12% and a net margin of 8.56%. The firm had revenue of $447.10 million during the quarter, compared to the consensus estimate of $412.90 million. During the same period last year, the business posted $1.20 EPS. The business’s revenue was up 15.2% compared to the same quarter last year.

Shares of Argo Group International Holdings (NASDAQ:AGII) traded down 0.25% during mid-day trading on Tuesday, reaching $60.05. The company’s stock had a trading volume of 27,768 shares. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 11.88 and a beta of 0.82. Argo Group International Holdings has a 12 month low of $54.13 and a 12 month high of $69.03. The company’s 50-day moving average is $60.43 and its 200 day moving average is $64.01.

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AGII has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Argo Group International Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $70.00 price target on shares of Argo Group International Holdings in a report on Tuesday, July 4th. Finally, BidaskClub upgraded Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th.

In related news, CFO Jay Stanley Bullock sold 6,292 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $60.91, for a total value of $383,245.72. Following the completion of the transaction, the chief financial officer now directly owns 86,115 shares of the company’s stock, valued at $5,245,264.65. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kevin James Rehnberg sold 3,500 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $61.00, for a total transaction of $213,500.00. Following the completion of the transaction, the insider now directly owns 33,193 shares of the company’s stock, valued at $2,024,773. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,295 shares of company stock valued at $994,079. Insiders own 4.86% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Argo Group International Holdings by 9,732.6% in the first quarter. BlackRock Inc. now owns 2,502,010 shares of the insurance provider’s stock worth $169,638,000 after buying an additional 2,476,564 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Argo Group International Holdings during the first quarter worth $391,000. Russell Investments Group Ltd. boosted its stake in shares of Argo Group International Holdings by 5.1% in the first quarter. Russell Investments Group Ltd. now owns 140,800 shares of the insurance provider’s stock worth $9,547,000 after buying an additional 6,774 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Argo Group International Holdings by 8.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 180,874 shares of the insurance provider’s stock worth $12,264,000 after buying an additional 14,356 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Argo Group International Holdings by 5.4% in the first quarter. Vanguard Group Inc. now owns 2,320,871 shares of the insurance provider’s stock worth $157,355,000 after buying an additional 118,097 shares during the period. 88.43% of the stock is owned by institutional investors.

About Argo Group International Holdings

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.

Earnings History for Argo Group International Holdings (NASDAQ:AGII)

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