Argo Group International Holdings, Ltd. (AGII) Given Average Rating of “Hold” by Analysts

Argo Group International Holdings, Ltd. (NASDAQ:AGII) has been assigned a consensus rating of “Hold” from the five analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $71.00.

AGII has been the topic of several recent research reports. Zacks Investment Research raised Argo Group International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 19th. ValuEngine cut Argo Group International from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub raised Argo Group International from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods raised Argo Group International from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $67.00 to $71.00 in a research note on Thursday, December 28th.

Shares of Argo Group International (NASDAQ:AGII) opened at $58.80 on Tuesday. The firm has a market capitalization of $1,770.00, a price-to-earnings ratio of 34.79 and a beta of 0.74. Argo Group International has a 12 month low of $56.15 and a 12 month high of $69.03. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.22.

In other Argo Group International news, Director Hector Deleon sold 4,137 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $61.11, for a total value of $252,812.07. Following the sale, the director now directly owns 22,065 shares of the company’s stock, valued at $1,348,392.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jay Stanley Bullock sold 6,743 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $60.97, for a total value of $411,120.71. Following the completion of the sale, the chief financial officer now directly owns 85,767 shares in the company, valued at $5,229,213.99. The disclosure for this sale can be found here. Insiders sold 15,024 shares of company stock worth $917,711 over the last three months. Corporate insiders own 4.86% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Cortina Asset Management LLC boosted its holdings in Argo Group International by 24.0% in the fourth quarter. Cortina Asset Management LLC now owns 300,443 shares of the insurance provider’s stock worth $18,522,000 after acquiring an additional 58,092 shares in the last quarter. Champlain Investment Partners LLC boosted its holdings in Argo Group International by 3.8% in the fourth quarter. Champlain Investment Partners LLC now owns 1,354,005 shares of the insurance provider’s stock worth $83,474,000 after acquiring an additional 50,125 shares in the last quarter. Ramsey Quantitative Systems bought a new stake in Argo Group International in the fourth quarter worth $294,000. Eagle Asset Management Inc. boosted its holdings in Argo Group International by 64.4% in the fourth quarter. Eagle Asset Management Inc. now owns 100,051 shares of the insurance provider’s stock worth $6,164,000 after acquiring an additional 39,175 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Argo Group International by 5.6% in the fourth quarter. First Trust Advisors LP now owns 79,615 shares of the insurance provider’s stock worth $4,908,000 after acquiring an additional 4,256 shares in the last quarter. 85.15% of the stock is currently owned by institutional investors and hedge funds.

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Argo Group International Company Profile

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.

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