Argo Group (ARGO) Director Purchases $123,440.00 in Stock
Argo Group (NASDAQ:ARGO) Director Thomas A. Bradley bought 2,000 shares of Argo Group stock in a transaction dated Tuesday, August 14th. The stock was acquired at an average price of $61.72 per share, with a total value of $123,440.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NASDAQ ARGO opened at $61.70 on Friday. Argo Group has a 52 week low of $49.69 and a 52 week high of $65.90.
Argo Group (NASDAQ:ARGO) last issued its earnings results on Monday, August 6th. The company reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.04. The business had revenue of $452.80 million during the quarter, compared to analyst estimates of $459.45 million.
Several hedge funds and other institutional investors have recently modified their holdings of ARGO. Peregrine Capital Management LLC acquired a new stake in shares of Argo Group in the second quarter valued at about $31,536,000. Bank of Montreal Can acquired a new stake in shares of Argo Group in the second quarter valued at about $3,383,000. Crescent Grove Advisors LLC acquired a new stake in shares of Argo Group in the second quarter valued at about $1,606,000. Mycio Wealth Partners LLC acquired a new stake in shares of Argo Group in the second quarter valued at about $1,515,000. Finally, First National Bank of Omaha acquired a new stake in shares of Argo Group in the second quarter valued at about $1,328,000.
ARGO has been the subject of a number of recent research reports. Raymond James increased their target price on shares of Argo Group from $65.00 to $68.00 and gave the company a “strong-buy” rating in a research report on Tuesday, May 8th. Zacks Investment Research upgraded shares of Argo Group from a “hold” rating to a “strong-buy” rating and set a $70.00 target price for the company in a research report on Monday, June 25th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Argo Group to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, August 7th.
Argo Group Company Profile
Argo Group International Holdings Ltd. engages in underwriting property and casualty insurance and reinsurance. The company operates through following segments: Property, Liability, Professional and Specialty. The Property segment includes both property insurance and reinsurance products. The Liability segment includes a broad range of primary and excess casualty products.
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