Strs Ohio raised its stake in Argo Group International Holdings, Ltd. (NASDAQ:AGII) by 6.0% during the second quarter, Holdings Channel reports. The institutional investor owned 17,800 shares of the insurance provider’s stock after buying an additional 1,000 shares during the period. Strs Ohio’s holdings in Argo Group International Holdings were worth $1,078,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AGII. Ameritas Investment Partners Inc. purchased a new position in shares of Argo Group International Holdings during the first quarter valued at approximately $169,000. Dubuque Bank & Trust Co. purchased a new position in shares of Argo Group International Holdings during the second quarter valued at approximately $176,000. Diversified Trust Co raised its position in shares of Argo Group International Holdings by 1.4% in the second quarter. Diversified Trust Co now owns 3,750 shares of the insurance provider’s stock valued at $227,000 after buying an additional 50 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Argo Group International Holdings during the first quarter valued at approximately $302,000. Finally, Wealthsource Partners LLC raised its position in shares of Argo Group International Holdings by 1.9% in the first quarter. Wealthsource Partners LLC now owns 5,300 shares of the insurance provider’s stock valued at $359,000 after buying an additional 100 shares during the last quarter. Institutional investors own 87.10% of the company’s stock.

Argo Group International Holdings, Ltd. (NASDAQ:AGII) opened at 60.35 on Tuesday. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 10.91 and a beta of 0.82. The stock has a 50 day moving average price of $60.28 and a 200 day moving average price of $63.69. Argo Group International Holdings, Ltd. has a 12 month low of $54.40 and a 12 month high of $69.03.

Argo Group International Holdings (NASDAQ:AGII) last posted its quarterly earnings data on Monday, August 7th. The insurance provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.25. Argo Group International Holdings had a return on equity of 6.39% and a net margin of 10.04%. The business had revenue of $447.10 million during the quarter, compared to analysts’ expectations of $412.90 million. During the same quarter in the previous year, the firm earned $1.20 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. On average, equities analysts expect that Argo Group International Holdings, Ltd. will post $3.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.27 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.79%. Argo Group International Holdings’s dividend payout ratio (DPR) is 19.49%.

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AGII has been the subject of several research reports. BidaskClub upgraded Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Zacks Investment Research lowered Argo Group International Holdings from a “strong-buy” rating to a “sell” rating in a research report on Friday, April 21st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $70.00 target price on shares of Argo Group International Holdings in a research report on Tuesday, July 4th.

In other Argo Group International Holdings news, CFO Jay Stanley Bullock sold 6,292 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $60.91, for a total value of $383,245.72. Following the completion of the transaction, the chief financial officer now owns 86,115 shares of the company’s stock, valued at approximately $5,245,264.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kevin James Rehnberg sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $61.00, for a total value of $213,500.00. Following the completion of the transaction, the insider now directly owns 33,193 shares of the company’s stock, valued at approximately $2,024,773. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,295 shares of company stock valued at $994,079. Insiders own 4.86% of the company’s stock.

About Argo Group International Holdings

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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