Rothschild Asset Management Inc. Increases Position in Argo Group (AGII)
Rothschild Asset Management Inc. increased its stake in Argo Group (NASDAQ:AGII) by 41.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 255,342 shares of the insurance provider’s stock after buying an additional 75,125 shares during the quarter. Rothschild Asset Management Inc.’s holdings in Argo Group were worth $14,848,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Summit Trail Advisors LLC grew its position in Argo Group by 5,652.7% in the first quarter. Summit Trail Advisors LLC now owns 179,311 shares of the insurance provider’s stock worth $179,000 after acquiring an additional 176,194 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in Argo Group in the first quarter worth $203,000. SG Americas Securities LLC lifted its stake in Argo Group by 84.5% in the second quarter. SG Americas Securities LLC now owns 4,657 shares of the insurance provider’s stock worth $271,000 after purchasing an additional 2,133 shares during the last quarter. Diversified Trust Co lifted its stake in Argo Group by 35.4% in the first quarter. Diversified Trust Co now owns 5,347 shares of the insurance provider’s stock worth $307,000 after purchasing an additional 1,397 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its stake in Argo Group by 15.0% in the first quarter. Public Employees Retirement Association of Colorado now owns 7,953 shares of the insurance provider’s stock worth $457,000 after purchasing an additional 1,037 shares during the last quarter. Institutional investors own 80.67% of the company’s stock.
Argo Group stock opened at $58.85 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of -140.12 and a beta of 0.62. Argo Group has a twelve month low of $49.69 and a twelve month high of $60.15.
About Argo Group
Argo Group International Holdings, Ltd. underwrites specialty insurance and reinsurance products in the property and casualty markets. The company operates in two segments, U.S. Operations and International Operations. The U.S. Operations segment underwrites primary and excess specialty casualty, and commercial multi-peril, as well as contract, product, environmental, and auto liability products; and workers compensation, general, management, errors and omissions, and public entity liability risks.
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