Argo Group International Holdings Ltd. (NASDAQ:AGII) was down 1.6% on Monday . The stock traded as low as $55.10 and last traded at $55.11, with a volume of 57,015 shares trading hands. The stock had previously closed at $55.98.

Several equities research analysts have recently weighed in on AGII shares. Zacks Investment Research raised Argo Group International Holdings from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Tuesday, June 21st. JMP Securities assumed coverage on Argo Group International Holdings in a research note on Monday, June 27th. They set a “market perform” rating for the company. Keefe, Bruyette & Woods upped their price target on Argo Group International Holdings from $56.00 to $58.00 and gave the stock a “market perform” rating in a research note on Thursday, August 4th. Finally, Compass Point upped their price target on Argo Group International Holdings from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $62.25.

The firm has a market capitalization of $1.67 billion, a PE ratio of 12.82 and a beta of 0.60. The stock has a 50-day moving average of $55.66 and a 200-day moving average of $52.85.

Argo Group International Holdings (NASDAQ:AGII) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.69. Argo Group International Holdings had a return on equity of 6.68% and a net margin of 9.03%. The company had revenue of $384.30 million for the quarter, compared to the consensus estimate of $361.84 million. During the same period in the previous year, the business earned $0.98 EPS. Argo Group International Holdings’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities analysts expect that Argo Group International Holdings Ltd. will post $3.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Monday, August 15th were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.88 annualized dividend and a yield of 1.58%. Argo Group International Holdings’s dividend payout ratio is presently 20.34%.

In other news, CFO Jay Stanley Bullock sold 18,661 shares of Argo Group International Holdings stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $56.62, for a total value of $1,056,585.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark E. Watson III sold 10,498 shares of Argo Group International Holdings stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $55.52, for a total value of $582,848.96. The disclosure for this sale can be found here. Company insiders own 5.79% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of AGII. BNP Paribas Arbitrage SA raised its position in shares of Argo Group International Holdings by 409.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,065 shares of the company’s stock valued at $107,000 after buying an additional 1,660 shares during the last quarter. BlackRock Inc. raised its position in shares of Argo Group International Holdings by 155.9% in the first quarter. BlackRock Inc. now owns 2,019 shares of the company’s stock valued at $117,000 after buying an additional 1,230 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of Argo Group International Holdings by 10.0% in the second quarter. New York State Teachers Retirement System now owns 2,640 shares of the company’s stock valued at $137,000 after buying an additional 240 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Argo Group International Holdings by 21.8% in the first quarter. Envestnet Asset Management Inc. now owns 2,962 shares of the company’s stock valued at $170,000 after buying an additional 531 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in shares of Argo Group International Holdings by 32.4% in the second quarter. Quantbot Technologies LP now owns 3,541 shares of the company’s stock valued at $183,000 after buying an additional 866 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

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.

5 Day Chart for NASDAQ:AGII

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