Rhumbline Advisers Raises Stock Position in Argo Group (NASDAQ:ARGO)
Rhumbline Advisers boosted its holdings in Argo Group (NASDAQ:ARGO) by 8.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 57,863 shares of the company’s stock after buying an additional 4,267 shares during the period. Rhumbline Advisers’ holdings in Argo Group were worth $4,064,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. increased its stake in Argo Group by 95.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 362 shares of the company’s stock worth $27,000 after buying an additional 177 shares in the last quarter. Huntington National Bank purchased a new stake in Argo Group in the 2nd quarter worth $36,000. Steward Partners Investment Advisory LLC purchased a new stake in Argo Group in the 2nd quarter worth $46,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Argo Group by 93.7% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 990 shares of the company’s stock worth $73,000 after buying an additional 479 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new stake in Argo Group in the 2nd quarter worth $108,000.
In other Argo Group news, CFO Jay Stanley Bullock sold 14,623 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $68.72, for a total transaction of $1,004,892.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
ARGO opened at $62.86 on Friday. The firm has a 50-day simple moving average of $67.21 and a two-hundred day simple moving average of $70.26. Argo Group has a 52 week low of $60.36 and a 52 week high of $78.57.
Argo Group (NASDAQ:ARGO) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.08). The business had revenue of $493.60 million for the quarter, compared to analyst estimates of $483.37 million.
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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