Argo Group International (NASDAQ:AGII) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

Several other equities research analysts have also issued reports on the company. Keefe, Bruyette & Woods upgraded Argo Group International from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $67.00 to $71.00 in a report on Thursday, December 28th. Zacks Investment Research lowered Argo Group International from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th.

Shares of Argo Group International (AGII) traded up $1.10 during trading on Tuesday, hitting $62.55. The stock had a trading volume of 222,400 shares, compared to its average volume of 139,109. The firm has a market cap of $1,823.89, a price-to-earnings ratio of 36.79 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 has a fifty-two week low of $56.15 and a fifty-two week high of $69.03.

Argo Group International (NASDAQ:AGII) last announced its quarterly earnings results 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). The firm had revenue of $439.20 million for the quarter, compared to analyst estimates of $433.90 million. Argo Group International had a net margin of 3.15% and a return on equity of 1.36%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.12 earnings per share. equities research analysts predict that Argo Group International will post 0.87 EPS for the current year.

In related news, Director Gary V. Woods acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average cost of $61.28 per share, with a total value of $1,225,600.00. Following the purchase, the director now owns 44,652 shares of the company’s stock, valued at $2,736,274.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jay Stanley Bullock sold 6,743 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $60.97, for a total value of $411,120.71. Following the completion of the transaction, the chief financial officer now directly owns 85,767 shares in the company, valued at $5,229,213.99. The disclosure for this sale can be found here. Insiders sold a total of 17,524 shares of company stock worth $1,067,061 over the last three months. 4.86% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Argo Group International by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,332,774 shares of the insurance provider’s stock valued at $141,367,000 after acquiring an additional 11,903 shares in the last quarter. State Street Corp raised its stake in shares of Argo Group International by 6.3% in the 2nd quarter. State Street Corp now owns 748,556 shares of the insurance provider’s stock valued at $45,360,000 after acquiring an additional 44,589 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of Argo Group International by 3.9% in the 3rd quarter. Pzena Investment Management LLC now owns 594,713 shares of the insurance provider’s stock valued at $36,575,000 after acquiring an additional 22,078 shares in the last quarter. Peregrine Capital Management LLC raised its stake in shares of Argo Group International by 3.5% in the 3rd quarter. Peregrine Capital Management LLC now owns 522,394 shares of the insurance provider’s stock valued at $32,127,000 after acquiring an additional 17,773 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Argo Group International by 3.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 511,032 shares of the insurance provider’s stock valued at $30,969,000 after acquiring an additional 15,037 shares in the last quarter. 86.92% of the stock is currently owned by institutional investors and hedge funds.

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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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