Argo Group International Holdings, Ltd. (NASDAQ:AGII) insider Kevin James Rehnberg sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $59.74, for a total transaction of $149,350.00. Following the transaction, the insider now owns 30,793 shares in the company, valued at $1,839,573.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Argo Group International Holdings, Ltd. (NASDAQ AGII) traded down $0.10 on Wednesday, reaching $59.70. 81,600 shares of the company were exchanged, compared to its average volume of 117,988. Argo Group International Holdings, Ltd. has a twelve month low of $56.15 and a twelve month high of $69.03. The firm has a market cap of $1,774.92, a price-to-earnings ratio of 78.68 and a beta of 0.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.52 and a current ratio of 0.52.

Argo Group International Holdings (NASDAQ:AGII) last announced its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.91) EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($2.90). Argo Group International Holdings had a net margin of 3.15% and a return on equity of 1.36%. The company had revenue of $439.20 million during the quarter, compared to analyst estimates of $433.90 million. During the same quarter last year, the company posted $1.12 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. analysts anticipate that Argo Group International Holdings, Ltd. will post 0.87 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.27 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.81%. Argo Group International Holdings’s dividend payout ratio (DPR) is currently 63.53%.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System grew its stake in Argo Group International Holdings by 3.7% in the 3rd quarter. California Public Employees Retirement System now owns 104,399 shares of the insurance provider’s stock valued at $6,421,000 after buying an additional 3,679 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in Argo Group International Holdings by 24.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 5,559 shares of the insurance provider’s stock valued at $342,000 after buying an additional 1,087 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Argo Group International Holdings in the 3rd quarter valued at about $15,531,000. OxFORD Asset Management LLP grew its stake in Argo Group International Holdings by 8.3% in the 3rd quarter. OxFORD Asset Management LLP now owns 56,335 shares of the insurance provider’s stock valued at $3,461,000 after buying an additional 4,335 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Argo Group International Holdings by 5.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 228,885 shares of the insurance provider’s stock valued at $14,077,000 after buying an additional 11,472 shares during the last quarter. Institutional investors and hedge funds own 85.40% of the company’s stock.

Several research firms have recently weighed in on AGII. Zacks Investment Research lowered shares of Argo Group International Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. BidaskClub lowered shares of Argo Group International Holdings from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.

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.

Insider Buying and Selling by Quarter for Argo Group International Holdings (NASDAQ:AGII)

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