Janus Henderson Group PLC acquired a new position in shares of Argo Group International Holdings, Ltd. (NASDAQ:AGII) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 252,542 shares of the insurance provider’s stock, valued at approximately $15,531,000. Janus Henderson Group PLC owned approximately 0.85% of Argo Group International at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Neuberger Berman Group LLC lifted its stake in shares of Argo Group International by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 3,383 shares of the insurance provider’s stock worth $205,000 after acquiring an additional 27 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Argo Group International by 1.4% in the second quarter. Amalgamated Bank now owns 3,671 shares of the insurance provider’s stock worth $222,000 after acquiring an additional 49 shares in the last quarter. Wealthsource Partners LLC lifted its stake in shares of Argo Group International by 1.4% in the second quarter. Wealthsource Partners LLC now owns 5,375 shares of the insurance provider’s stock worth $326,000 after acquiring an additional 75 shares in the last quarter. Colony Group LLC lifted its stake in shares of Argo Group International by 0.4% in the second quarter. Colony Group LLC now owns 30,333 shares of the insurance provider’s stock worth $1,838,000 after acquiring an additional 121 shares in the last quarter. Finally, Martingale Asset Management L P lifted its stake in shares of Argo Group International by 0.4% in the second quarter. Martingale Asset Management L P now owns 83,865 shares of the insurance provider’s stock worth $5,083,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 86.92% of the company’s stock.

In other news, insider Kevin James Rehnberg sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $59.74, for a total transaction of $149,350.00. Following the completion of the transaction, the insider now directly owns 30,793 shares of the company’s stock, valued at $1,839,573.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary V. Woods bought 20,000 shares of the stock in a transaction dated Wednesday, December 6th. The shares were bought at an average cost of $61.28 per share, with a total value of $1,225,600.00. Following the completion of the acquisition, the director now directly owns 44,652 shares of the company’s stock, valued at approximately $2,736,274.56. The disclosure for this purchase can be found here. Insiders have sold 17,524 shares of company stock valued at $1,067,061 over the last ninety days. Corporate insiders own 4.86% of the company’s stock.

Separately, Zacks Investment Research cut Argo Group International from a “buy” rating to a “hold” rating in a research note on Monday, September 11th.

Shares of Argo Group International Holdings, Ltd. (NASDAQ AGII) opened at $61.40 on Friday. Argo Group International Holdings, Ltd. has a one year low of $56.15 and a one year high of $69.03. The stock has a market capitalization of $1,830.00, a P/E ratio of 36.33 and a beta of 0.82. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.22.

Argo Group International (NASDAQ:AGII) last announced its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.91) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $439.20 million for the quarter, compared to analyst estimates of $433.90 million. During the same quarter in the previous year, the company earned $1.12 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. equities research analysts expect that Argo Group International Holdings, Ltd. will post 0.87 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Thursday, November 30th. Argo Group International’s dividend payout ratio (DPR) is presently 63.91%.

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About Argo Group International

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 (NASDAQ:AGII)

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