Argo Group International Holdings, Ltd. (NASDAQ:AGII) CFO Jay Stanley Bullock sold 6,743 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $60.97, for a total value of $411,120.71. Following the completion of the transaction, the chief financial officer now directly owns 85,767 shares of the company’s stock, valued at approximately $5,229,213.99. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Argo Group International Holdings, Ltd. (AGII) traded down $0.20 on Friday, hitting $60.75. The stock had a trading volume of 177,000 shares, compared to its average volume of 123,855. Argo Group International Holdings, Ltd. has a fifty-two week low of $56.15 and a fifty-two week high of $69.03. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market cap of $1,820.00, a PE ratio of 80.20 and a beta of 0.82.

Argo Group International (NASDAQ:AGII) last issued its earnings results on Thursday, November 2nd. The insurance provider reported ($1.91) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($2.90). Argo Group International had a return on equity of 1.36% and a net margin of 3.15%. The company had revenue of $439.20 million during the quarter, compared to analyst estimates of $433.90 million. During the same period in the previous year, the company posted $1.12 earnings per share. The company’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 fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.27 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.78%. Argo Group International’s payout ratio is presently 63.91%.

A number of equities analysts have recently issued reports on AGII shares. Zacks Investment Research raised Argo Group International from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a report on Friday, August 11th. BidaskClub raised Argo Group International from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th.

Institutional investors and hedge funds have recently modified their holdings of the company. Burgundy Asset Management Ltd. raised its holdings in shares of Argo Group International by 2.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 133,579 shares of the insurance provider’s stock worth $8,095,000 after buying an additional 3,157 shares in the last quarter. Prudential Financial Inc. grew its position in Argo Group International by 33.7% during the 2nd quarter. Prudential Financial Inc. now owns 232,518 shares of the insurance provider’s stock worth $14,091,000 after acquiring an additional 58,560 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Argo Group International by 20.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 217,413 shares of the insurance provider’s stock worth $13,176,000 after acquiring an additional 36,539 shares during the last quarter. Vanguard Group Inc. grew its position in Argo Group International by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,332,774 shares of the insurance provider’s stock worth $141,367,000 after acquiring an additional 11,903 shares during the last quarter. Finally, Northern Trust Corp grew its position in Argo Group International by 3.9% during the 2nd quarter. Northern Trust Corp now owns 490,457 shares of the insurance provider’s stock worth $29,722,000 after acquiring an additional 18,421 shares during the last quarter. 86.96% of the stock is owned by institutional investors and hedge funds.

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About Argo Group International

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 (NASDAQ:AGII)

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