BidaskClub upgraded shares of Argo Group International (NASDAQ:AGII) from a sell rating to a hold rating in a research note published on Wednesday morning.

A number of other research analysts have also commented on AGII. ValuEngine upgraded shares of Argo Group International from a sell rating to a hold rating in a research note on Tuesday, March 13th. Zacks Investment Research upgraded shares of Argo Group International from a sell rating to a hold rating in a research note on Friday, March 9th. Finally, Keefe, Bruyette & Woods reiterated a buy rating and set a $62.00 price objective on shares of Argo Group International in a research note on Friday, February 23rd.

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AGII stock opened at $59.50 on Wednesday. Argo Group International has a 12 month low of $49.69 and a 12 month high of $60.80. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.22. The company has a market cap of $1,988.72, a P/E ratio of 43.31 and a beta of 0.77.

Argo Group International (NASDAQ:AGII) last posted its quarterly earnings data on Tuesday, February 13th. The insurance provider reported ($0.66) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.51) by ($0.15). Argo Group International had a net margin of 2.84% and a negative return on equity of 0.80%. The company had revenue of $441.60 million for the quarter. research analysts expect that Argo Group International will post 3.47 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Wednesday, March 7th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.82%. Argo Group International’s dividend payout ratio is presently 78.61%.

In related news, CFO Jay Stanley Bullock sold 12,947 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $54.99, for a total transaction of $711,955.53. Following the completion of the sale, the chief financial officer now directly owns 80,406 shares in the company, valued at $4,421,525.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John R. Power, Jr. sold 4,108 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $61.09, for a total transaction of $250,957.72. Following the sale, the director now owns 19,593 shares of the company’s stock, valued at $1,196,936.37. The disclosure for this sale can be found here. Insiders have sold 36,544 shares of company stock worth $2,092,498 in the last quarter. Company insiders own 4.86% of the company’s stock.

Large investors have recently modified their holdings of the stock. Delpha Capital Management LLC bought a new stake in Argo Group International during the fourth quarter worth approximately $183,000. Ramsey Quantitative Systems bought a new stake in Argo Group International during the fourth quarter worth approximately $294,000. QS Investors LLC boosted its holdings in Argo Group International by 110.7% during the fourth quarter. QS Investors LLC now owns 5,150 shares of the insurance provider’s stock worth $317,000 after buying an additional 2,706 shares in the last quarter. Aperio Group LLC boosted its holdings in Argo Group International by 16.9% during the third quarter. Aperio Group LLC now owns 5,553 shares of the insurance provider’s stock worth $342,000 after buying an additional 802 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in Argo Group International by 24.3% during the third quarter. Cubist Systematic Strategies LLC now owns 5,559 shares of the insurance provider’s stock worth $342,000 after buying an additional 1,087 shares in the last quarter. Hedge funds and other institutional investors own 79.58% of the company’s stock.

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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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