Legal & General Group Plc Purchases Shares of 25,786 Argo Group (ARGO)
Legal & General Group Plc purchased a new stake in shares of Argo Group (NASDAQ:ARGO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 25,786 shares of the company’s stock, valued at approximately $1,734,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FTB Advisors Inc. bought a new position in shares of Argo Group during the 4th quarter worth about $38,000. Spectrum Management Group Inc. bought a new position in shares of Argo Group during the 4th quarter worth about $39,000. James Investment Research Inc. bought a new position in shares of Argo Group during the 4th quarter worth about $46,000. AlphaOne Investment Services LLC bought a new position in shares of Argo Group during the 4th quarter worth about $54,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of Argo Group during the 4th quarter worth about $59,000.
ARGO opened at $73.59 on Friday. Argo Group has a fifty-two week low of $55.10 and a fifty-two week high of $74.36.
ARGO has been the topic of a number of research analyst reports. Compass Point initiated coverage on shares of Argo Group in a research report on Tuesday, January 15th. They set a “neutral” rating and a $70.00 price objective on the stock. Zacks Investment Research raised shares of Argo Group from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Monday, January 14th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Argo Group currently has a consensus rating of “Buy” and an average price target of $70.82.
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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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