Argo Group (NASDAQ:ARGO) Shares Sold by Chartwell Investment Partners LLC
Chartwell Investment Partners LLC lessened its holdings in Argo Group (NASDAQ:ARGO) by 35.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 197,992 shares of the company’s stock after selling 106,682 shares during the quarter. Chartwell Investment Partners LLC owned about 0.57% of Argo Group worth $6,896,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Argo Group by 48.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,988 shares of the company’s stock worth $111,000 after buying an additional 974 shares during the period. Advisor Group Holdings Inc. purchased a new stake in Argo Group in the 1st quarter worth approximately $150,000. PNC Financial Services Group Inc. boosted its position in Argo Group by 6.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,390 shares of the company’s stock worth $238,000 after purchasing an additional 360 shares in the last quarter. Jane Street Group LLC purchased a new stake in Argo Group in the 1st quarter worth approximately $248,000. Finally, SG Americas Securities LLC boosted its position in Argo Group by 191.3% in the 1st quarter. SG Americas Securities LLC now owns 6,849 shares of the company’s stock worth $254,000 after purchasing an additional 4,498 shares in the last quarter.
In other news, Director Thomas A. Bradley acquired 3,000 shares of Argo Group stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $27.56 per share, with a total value of $82,680.00. Following the purchase, the director now owns 14,636 shares in the company, valued at $403,368.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ:ARGO traded up $0.23 during midday trading on Friday, reaching $33.51. 285,161 shares of the company’s stock traded hands, compared to its average volume of 263,758. Argo Group has a 1 year low of $25.00 and a 1 year high of $70.89. The company has a fifty day simple moving average of $33.56 and a two-hundred day simple moving average of $42.47.
Argo Group (NASDAQ:ARGO) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.22. The firm had revenue of $472.60 million during the quarter, compared to analyst estimates of $482.00 million.
Argo Group 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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