Argo Group (ARGO) Insider Sells $625,073.40 in Stock

Argo Group (NASDAQ:ARGO) insider Mark E. Watson III sold 9,310 shares of the firm’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $67.14, for a total value of $625,073.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Argo Group stock traded down $2.98 during midday trading on Friday, hitting $66.69. 89,548 shares of the company were exchanged, compared to its average volume of 117,459. Argo Group has a fifty-two week low of $50.53 and a fifty-two week high of $69.77.

Argo Group (NASDAQ:ARGO) last posted its earnings results on Monday, November 5th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.49 by $0.19. The company had revenue of $484.70 million for the quarter, compared to analyst estimates of $462.83 million.

A number of institutional investors have recently bought and sold shares of ARGO. Diversified Trust Co acquired a new stake in Argo Group in the second quarter valued at approximately $313,000. Mycio Wealth Partners LLC acquired a new stake in Argo Group in the second quarter valued at approximately $1,515,000. Amalgamated Bank acquired a new stake in Argo Group in the second quarter valued at approximately $256,000. Boston Advisors LLC acquired a new stake in Argo Group in the second quarter valued at approximately $272,000. Finally, Dubuque Bank & Trust Co. acquired a new stake in Argo Group in the second quarter valued at approximately $212,000.

ARGO has been the subject of several research analyst reports. Boenning Scattergood set a $72.00 price objective on Argo Group and gave the stock a “buy” rating in a research note on Tuesday. Raymond James reduced their price objective on Argo Group from $72.00 to $70.00 and set a “strong-buy” rating for the company in a research note on Friday, October 19th. Zacks Investment Research cut Argo Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods raised their price objective on Argo Group to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 7th.

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About Argo Group

Argo Group International Holdings Ltd. engages in underwriting property and casualty insurance and reinsurance. The company operates through following segments: Property, Liability, Professional and Specialty. The Property segment includes both property insurance and reinsurance products. The Liability segment includes a broad range of primary and excess casualty products.

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