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.

A number of equities research analysts have issued reports on ARGO shares. Zacks Investment Research lowered Argo Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 23rd. TheStreet downgraded shares of Argo Group from a “b-” rating to a “c” rating in a report on Wednesday. William Blair downgraded shares of Argo Group from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, Boenning Scattergood downgraded shares of Argo Group from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Argo Group has a consensus rating of “Hold” and a consensus target price of $74.06.

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.

Featured Article: Benefits of owning preferred stock

Want to see what other hedge funds are holding ARGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Argo Group (NASDAQ:ARGO).

Institutional Ownership by Quarter for Argo Group (NASDAQ:ARGO)

Receive News & Ratings for Argo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Argo Group and related companies with MarketBeat.com's FREE daily email newsletter.