American International Group Inc. boosted its position in Argo Group International Holdings, Ltd. (NASDAQ:AGII) by 8.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,446 shares of the insurance provider’s stock after purchasing an additional 1,454 shares during the quarter. American International Group Inc. owned about 0.06% of Argo Group International worth $1,196,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AGII. Thompson Siegel & Walmsley LLC bought a new stake in Argo Group International in the 3rd quarter valued at $10,600,000. AJO LP boosted its stake in Argo Group International by 997.9% in the 2nd quarter. AJO LP now owns 166,170 shares of the insurance provider’s stock valued at $10,070,000 after purchasing an additional 151,035 shares during the period. Ameriprise Financial Inc. boosted its stake in Argo Group International by 18.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 447,108 shares of the insurance provider’s stock valued at $27,094,000 after purchasing an additional 69,039 shares during the period. Prudential Financial Inc. boosted its stake in Argo Group International by 33.7% in the 2nd quarter. Prudential Financial Inc. now owns 232,518 shares of the insurance provider’s stock valued at $14,091,000 after purchasing an additional 58,560 shares during the period. Finally, Eagle Asset Management Inc. bought a new stake in Argo Group International in the 2nd quarter valued at $3,479,000. Institutional investors and hedge funds own 86.96% of the company’s stock.

Argo Group International Holdings, Ltd. (NASDAQ AGII) opened at $61.35 on Monday. The firm has a market capitalization of $1,820.93, a price-to-earnings ratio of 80.72 and a beta of 0.82. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.22. Argo Group International Holdings, Ltd. has a fifty-two week low of $56.15 and a fifty-two week high of $69.03.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.27 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.08 annualized dividend and a yield of 1.76%. Argo Group International’s dividend payout ratio is presently 63.53%.

In other 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 transaction of $252,812.07. Following the completion of the transaction, the director now owns 22,065 shares of the company’s stock, valued at approximately $1,348,392.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 transaction, the chief financial officer now directly owns 85,767 shares of the company’s stock, valued at approximately $5,229,213.99. The disclosure for this sale can be found here. Insiders sold a total of 17,524 shares of company stock valued at $1,067,061 over the last ninety days. Insiders own 4.86% of the company’s stock.

Separately, Zacks Investment Research cut Argo Group International from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th.

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Argo Group International 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.

Institutional Ownership by Quarter for Argo Group International (NASDAQ:AGII)

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