Argo Group International Holdings, Ltd. (AGII) Shares Bought by Legal & General Group Plc

Legal & General Group Plc raised its position in shares of Argo Group International Holdings, Ltd. (NASDAQ:AGII) by 7.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,092 shares of the insurance provider’s stock after buying an additional 1,907 shares during the quarter. Legal & General Group Plc owned about 0.09% of Argo Group International worth $1,606,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. grew its holdings in Argo Group International by 2.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 133,579 shares of the insurance provider’s stock valued at $8,095,000 after buying an additional 3,157 shares in the last quarter. Prudential Financial Inc. grew its holdings in Argo Group International by 33.7% during the 2nd quarter. Prudential Financial Inc. now owns 232,518 shares of the insurance provider’s stock valued at $14,091,000 after buying an additional 58,560 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Argo Group International by 20.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 217,413 shares of the insurance provider’s stock valued at $13,176,000 after buying an additional 36,539 shares in the last quarter. IndexIQ Advisors LLC grew its holdings in Argo Group International by 83.4% during the 3rd quarter. IndexIQ Advisors LLC now owns 12,786 shares of the insurance provider’s stock valued at $786,000 after buying an additional 5,814 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Argo Group International by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,332,774 shares of the insurance provider’s stock valued at $141,367,000 after buying an additional 11,903 shares in the last quarter. Institutional investors and hedge funds own 86.92% of the company’s stock.

Several equities analysts have weighed in on AGII shares. Zacks Investment Research cut Argo Group International from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Keefe, Bruyette & Woods upgraded Argo Group International from a “market perform” rating to an “outperform” rating and raised their price target for the company from $67.00 to $71.00 in a report on Thursday.

Argo Group International Holdings, Ltd. (AGII) opened at $61.65 on Friday. The company has a market capitalization of $1,829.83, a P/E ratio of 81.12 and a beta of 0.82. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.22. Argo Group International Holdings, Ltd. has a 1-year low of $56.15 and a 1-year high of $69.03.

Argo Group International (NASDAQ:AGII) last announced its earnings results on Thursday, November 2nd. The insurance provider reported ($1.91) EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($2.90). The company had revenue of $439.20 million during the quarter, compared to analysts’ expectations of $433.90 million. Argo Group International had a return on equity of 1.36% and a net margin of 3.15%. Argo Group International’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.12 EPS. research analysts forecast that Argo Group International Holdings, Ltd. will post 0.87 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Thursday, November 30th. Argo Group International’s dividend payout ratio (DPR) is 63.53%.

In other news, insider Kevin James Rehnberg sold 2,500 shares of Argo Group International stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $59.74, for a total value of $149,350.00. Following the completion of the transaction, the insider now owns 30,793 shares in the company, valued at approximately $1,839,573.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jay Stanley Bullock sold 6,743 shares of Argo Group International stock in a transaction that occurred on Thursday, December 7th. The stock was 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 owns 85,767 shares of the company’s stock, valued at approximately $5,229,213.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,524 shares of company stock valued at $1,067,061. Company insiders own 4.86% of the company’s stock.

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Argo Group International Profile

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

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