Argo Group International Holdings, Ltd. (AGII) Shares Bought by Macquarie Group Ltd.

Macquarie Group Ltd. boosted its stake in shares of Argo Group International Holdings, Ltd. (NASDAQ:AGII) by 0.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,873 shares of the insurance provider’s stock after purchasing an additional 318 shares during the period. Macquarie Group Ltd. owned about 0.14% of Argo Group International Holdings worth $2,538,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. grew its position in Argo Group International Holdings by 9,732.6% during the first quarter. BlackRock Inc. now owns 2,502,010 shares of the insurance provider’s stock valued at $169,638,000 after purchasing an additional 2,476,564 shares in the last quarter. Vanguard Group Inc. grew its position in Argo Group International Holdings by 0.5% during the second quarter. Vanguard Group Inc. now owns 2,332,774 shares of the insurance provider’s stock valued at $141,367,000 after purchasing an additional 11,903 shares in the last quarter. State Street Corp grew its position in Argo Group International Holdings by 18.6% during the first quarter. State Street Corp now owns 703,967 shares of the insurance provider’s stock valued at $47,728,000 after purchasing an additional 110,594 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Argo Group International Holdings by 3.0% during the second quarter. TIAA CREF Investment Management LLC now owns 511,032 shares of the insurance provider’s stock valued at $30,969,000 after purchasing an additional 15,037 shares in the last quarter. Finally, Northern Trust Corp grew its position in Argo Group International Holdings by 3.9% during the second quarter. Northern Trust Corp now owns 490,457 shares of the insurance provider’s stock valued at $29,722,000 after purchasing an additional 18,421 shares in the last quarter. 87.09% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Argo Group International Holdings, Ltd. (AGII) Shares Bought by Macquarie Group Ltd.” was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://transcriptdaily.com/2017/10/23/argo-group-international-holdings-ltd-agii-shares-bought-by-macquarie-group-ltd.html.

AGII has been the topic of a number of research analyst reports. BidaskClub raised shares of Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $70.00 target price on shares of Argo Group International Holdings in a research report on Tuesday, July 4th. Finally, Zacks Investment Research downgraded shares of Argo Group International Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 10th.

Shares of Argo Group International Holdings, Ltd. (AGII) opened at 63.80 on Monday. Argo Group International Holdings, Ltd. has a 52-week low of $54.40 and a 52-week high of $69.03. The company has a market capitalization of $1.92 billion, a P/E ratio of 11.53 and a beta of 0.80. The firm has a 50-day moving average of $61.29 and a 200 day moving average of $61.87.

Argo Group International Holdings (NASDAQ:AGII) last issued its quarterly earnings results on Monday, August 7th. The insurance provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.25. The company had revenue of $447.10 million during the quarter, compared to analysts’ expectations of $412.90 million. Argo Group International Holdings had a net margin of 10.04% and a return on equity of 6.39%. The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the business earned $1.20 EPS. On average, analysts anticipate that Argo Group International Holdings, Ltd. will post $0.92 EPS for the current year.

In other news, insider Mark E. Watson III sold 22,246 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $60.19, for a total transaction of $1,338,986.74. Following the completion of the transaction, the insider now directly owns 593,661 shares of the company’s stock, valued at approximately $35,732,455.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.86% of the stock is owned by company insiders.

About Argo Group International Holdings

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.

Institutional Ownership by Quarter for Argo Group International Holdings (NASDAQ:AGII)

Receive News & Ratings for Argo Group International Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Argo Group International Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply