Argo Group International Holdings, Ltd. (NYSE:ARGO) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. cut its holdings in shares of Argo Group International Holdings, Ltd. (NYSE:ARGOGet Rating) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 230,064 shares of the company’s stock after selling 9,079 shares during the quarter. Eagle Asset Management Inc.’s holdings in Argo Group International were worth $13,214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Champlain Investment Partners LLC lifted its position in Argo Group International by 0.3% during the fourth quarter. Champlain Investment Partners LLC now owns 2,167,260 shares of the company’s stock worth $125,939,000 after buying an additional 6,112 shares during the period. Frontier Capital Management Co. LLC lifted its position in Argo Group International by 2.6% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,486,692 shares of the company’s stock worth $86,392,000 after buying an additional 37,442 shares during the period. Pzena Investment Management LLC lifted its position in Argo Group International by 0.9% during the fourth quarter. Pzena Investment Management LLC now owns 926,544 shares of the company’s stock worth $53,841,000 after buying an additional 7,821 shares during the period. Port Capital LLC lifted its position in Argo Group International by 28.3% during the third quarter. Port Capital LLC now owns 890,200 shares of the company’s stock worth $46,486,000 after buying an additional 196,617 shares during the period. Finally, Geode Capital Management LLC lifted its position in Argo Group International by 3.4% during the third quarter. Geode Capital Management LLC now owns 557,536 shares of the company’s stock worth $29,114,000 after buying an additional 18,379 shares during the period. Hedge funds and other institutional investors own 89.02% of the company’s stock.

Shares of NYSE:ARGO opened at $41.51 on Friday. The company has a market cap of $1.45 billion, a P/E ratio of 15.43 and a beta of 0.91. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.54 and a current ratio of 0.54. Argo Group International Holdings, Ltd. has a one year low of $36.37 and a one year high of $61.29. The business’s 50-day simple moving average is $41.44 and its 200 day simple moving average is $49.06.

Argo Group International (NYSE:ARGOGet Rating) last announced its earnings results on Monday, May 2nd. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.10 by $0.14. Argo Group International had a return on equity of 5.40% and a net margin of 4.95%. During the same quarter in the prior year, the company posted $0.44 EPS. Analysts predict that Argo Group International Holdings, Ltd. will post 3.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 27th. This represents a $1.24 dividend on an annualized basis and a yield of 2.99%. Argo Group International’s dividend payout ratio (DPR) is presently 46.10%.

A number of equities analysts have recently commented on ARGO shares. Zacks Investment Research upgraded Argo Group International from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Thursday, May 5th. Compass Point upgraded Argo Group International from a “neutral” rating to a “buy” rating in a report on Wednesday, February 23rd. TheStreet downgraded Argo Group International from a “b-” rating to a “c” rating in a report on Thursday, February 17th. Finally, Raymond James downgraded Argo Group International from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $70.00 to $60.00 in a report on Wednesday, February 9th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $41.88.

Argo Group International Company Profile (Get Rating)

Argo Group International Holdings, Ltd. underwrites specialty insurance and reinsurance products in the property and casualty markets. The company operates in two segments, U.S. Operations and International Operations. It offers primary and excess specialty casualty, general liability, commercial multi-peril, and workers compensation, as well as product, environmental, and auto liability insurance products; management liability, transaction liability, and errors and omissions liability insurance; primary and excess property, inland marine, and auto physical damage insurance; and surety, animal mortality, and ocean marine insurance products.

Further Reading

Want to see what other hedge funds are holding ARGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Argo Group International Holdings, Ltd. (NYSE:ARGOGet Rating).

Institutional Ownership by Quarter for Argo Group International (NYSE:ARGO)

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Argo Group International Holdings, Ltd. (NYSE:ARGO) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. lowered its stake in shares of Argo Group International Holdings, Ltd. (NYSE:ARGOGet Rating) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 230,064 shares of the company’s stock after selling 9,079 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.66% of Argo Group International worth $13,214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Franklin Resources Inc. acquired a new position in shares of Argo Group International in the 3rd quarter valued at $16,116,000. Port Capital LLC boosted its position in shares of Argo Group International by 28.3% during the 3rd quarter. Port Capital LLC now owns 890,200 shares of the company’s stock worth $46,486,000 after purchasing an additional 196,617 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Argo Group International by 35.9% during the 3rd quarter. Goldman Sachs Group Inc. now owns 536,577 shares of the company’s stock worth $28,020,000 after purchasing an additional 141,769 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Argo Group International during the 4th quarter worth $6,489,000. Finally, Easterly Investment Partners LLC purchased a new stake in shares of Argo Group International during the 3rd quarter worth $3,551,000. 89.02% of the stock is currently owned by institutional investors.

ARGO has been the topic of several research analyst reports. Raymond James lowered shares of Argo Group International from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $70.00 to $60.00 in a research report on Wednesday, February 9th. Compass Point upgraded shares of Argo Group International from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 23rd. TheStreet lowered shares of Argo Group International from a “b-” rating to a “c” rating in a research report on Thursday, February 17th. Finally, Zacks Investment Research upgraded shares of Argo Group International from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Thursday, May 5th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $41.88.

Argo Group International stock opened at $41.51 on Friday. Argo Group International Holdings, Ltd. has a 52 week low of $36.37 and a 52 week high of $61.29. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.23. The firm’s 50-day simple moving average is $41.44 and its 200 day simple moving average is $49.06. The firm has a market capitalization of $1.45 billion, a PE ratio of 15.43 and a beta of 0.91.

Argo Group International (NYSE:ARGOGet Rating) last released its quarterly earnings data on Monday, May 2nd. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.10 by $0.14. Argo Group International had a net margin of 4.95% and a return on equity of 5.40%. During the same period last year, the firm posted $0.44 EPS. On average, research analysts expect that Argo Group International Holdings, Ltd. will post 3.92 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Friday, May 27th. Argo Group International’s payout ratio is 46.10%.

Argo Group International Profile (Get Rating)

Argo Group International Holdings, Ltd. underwrites specialty insurance and reinsurance products in the property and casualty markets. The company operates in two segments, U.S. Operations and International Operations. It offers primary and excess specialty casualty, general liability, commercial multi-peril, and workers compensation, as well as product, environmental, and auto liability insurance products; management liability, transaction liability, and errors and omissions liability insurance; primary and excess property, inland marine, and auto physical damage insurance; and surety, animal mortality, and ocean marine insurance products.

Further Reading

Want to see what other hedge funds are holding ARGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Argo Group International Holdings, Ltd. (NYSE:ARGOGet Rating).

Institutional Ownership by Quarter for Argo Group International (NYSE:ARGO)

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