Argo Group International Holdings, Ltd. (NASDAQ:AGII) Director F Sedgwick Browne sold 4,144 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $61.24, for a total value of $253,778.56. Following the completion of the transaction, the director now directly owns 23,169 shares in the company, valued at $1,418,869.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Argo Group International Holdings, Ltd. (NASDAQ AGII) traded up $0.40 during trading hours on Thursday, reaching $60.95. 242,700 shares of the company’s stock traded hands, compared to its average volume of 123,629. Argo Group International Holdings, Ltd. has a one year low of $56.15 and a one year high of $69.03. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market capitalization of $1,797.18, a price-to-earnings ratio of 79.67 and a beta of 0.82.

Argo Group International (NASDAQ:AGII) last posted its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.91) EPS for the quarter, missing the consensus estimate of $0.99 by ($2.90). Argo Group International had a net margin of 3.15% and a return on equity of 1.36%. The business had revenue of $439.20 million during the quarter, compared to analysts’ expectations of $433.90 million. During the same period in the previous year, the company posted $1.12 earnings per share. Argo Group International’s revenue for the quarter was up 5.4% compared to the same quarter last year. research analysts predict that Argo Group International Holdings, Ltd. will post 0.87 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Thursday, November 30th. Argo Group International’s payout ratio is 63.53%.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Argo Group International by 0.5% in the second quarter. Vanguard Group Inc. now owns 2,332,774 shares of the insurance provider’s stock valued at $141,367,000 after purchasing an additional 11,903 shares during the last quarter. State Street Corp boosted its stake in shares of Argo Group International by 6.3% during the 2nd quarter. State Street Corp now owns 748,556 shares of the insurance provider’s stock worth $45,360,000 after acquiring an additional 44,589 shares in the last quarter. Pzena Investment Management LLC boosted its stake in shares of Argo Group International by 3.9% during the 3rd quarter. Pzena Investment Management LLC now owns 594,713 shares of the insurance provider’s stock worth $36,575,000 after acquiring an additional 22,078 shares in the last quarter. Peregrine Capital Management LLC boosted its stake in shares of Argo Group International by 3.5% during the 3rd quarter. Peregrine Capital Management LLC now owns 522,394 shares of the insurance provider’s stock worth $32,127,000 after acquiring an additional 17,773 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Argo Group International by 3.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 511,032 shares of the insurance provider’s stock worth $30,969,000 after acquiring an additional 15,037 shares in the last quarter. 86.96% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on AGII shares. Zacks Investment Research raised Argo Group International from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Friday, August 11th. BidaskClub raised Argo Group International from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th.

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Argo Group International Company 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.

Insider Buying and Selling by Quarter for Argo Group International (NASDAQ:AGII)

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