Frontier Capital Management Co. LLC lowered its stake in shares of Argo Group International Holdings, Ltd. (NASDAQ:AGII) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,662,737 shares of the insurance provider’s stock after selling 93,050 shares during the period. Frontier Capital Management Co. LLC owned 5.52% of Argo Group International Holdings worth $102,258,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Burgundy Asset Management Ltd. lifted its holdings in Argo Group International Holdings by 2.4% during the second quarter. Burgundy Asset Management Ltd. now owns 133,579 shares of the insurance provider’s stock worth $8,095,000 after buying an additional 3,157 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Argo Group International Holdings by 33.7% during 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 last quarter. BlackRock Inc. lifted its holdings in shares of Argo Group International Holdings by 9,732.6% during the 1st quarter. BlackRock Inc. now owns 2,502,010 shares of the insurance provider’s stock valued at $169,638,000 after purchasing an additional 2,476,564 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Argo Group International Holdings by 8.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 180,874 shares of the insurance provider’s stock valued at $12,264,000 after purchasing an additional 14,356 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Argo Group International Holdings by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 2,320,871 shares of the insurance provider’s stock valued at $157,355,000 after purchasing an additional 118,097 shares during the last quarter. Institutional investors own 86.34% of the company’s stock.

In related news, insider Mark E. Watson III sold 22,246 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $60.19, for a total transaction of $1,338,986.74. Following the completion of the transaction, the insider now owns 593,661 shares in the company, valued at $35,732,455.59. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.86% of the company’s stock.

Argo Group International Holdings (NASDAQ:AGII) last issued its earnings results on Monday, August 7th. The insurance provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.25. The firm had revenue of $447.10 million during the quarter, compared to the consensus estimate of $412.90 million. Argo Group International Holdings had a net margin of 10.04% and a return on equity of 6.39%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.20 earnings per share.

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AGII has been the subject of several analyst reports. Zacks Investment Research lowered Argo Group International Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub lowered Argo Group International Holdings from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th.

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

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