The Argo Group International Holdings Ltd. (AGII) CEO Sold $1,070,478.94 in Stock

The Argo Group International Holdings Ltd. (AGII) CEO Sold $1,070,478.94 in Stock

Argo Group International Holdings Ltd. (NASDAQ:AGII) CEO Mark E. Watson III sold 16,594 shares of Argo Group International Holdings stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $64.51, for a total value of $1,070,478.94. Following the sale, the chief executive officer now directly owns 574,923 shares in the company, valued at $37,088,282.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Argo Group International Holdings Ltd. (NASDAQ:AGII) opened at 65.05 on Monday. Argo Group International Holdings Ltd. has a 1-year low of $41.55 and a 1-year high of $67.60. The company has a 50 day moving average price of $59.49 and a 200-day moving average price of $55.27. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 13.03 and a beta of 0.73.

Argo Group International Holdings (NASDAQ:AGII) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.34. The business had revenue of $416.70 million for the quarter, compared to analysts’ expectations of $353.68 million. Argo Group International Holdings had a return on equity of 7.11% and a net margin of 10.06%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 EPS. On average, analysts forecast that Argo Group International Holdings Ltd. will post $4.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.35%. Argo Group International Holdings’s dividend payout ratio (DPR) is 17.60%.

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their price target on Argo Group International Holdings from $56.00 to $58.00 and gave the company a “market perform” rating in a research note on Thursday, August 4th. Zacks Investment Research raised Argo Group International Holdings from a “hold” rating to a “strong-buy” rating and set a $63.00 price target on the stock in a research note on Tuesday, August 9th. Finally, Compass Point lifted their price target on Argo Group International Holdings from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $62.25.

Hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in shares of Argo Group International Holdings by 409.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,065 shares of the company’s stock worth $107,000 after buying an additional 1,660 shares in the last quarter. BlackRock Inc. raised its position in shares of Argo Group International Holdings by 155.9% in the first quarter. BlackRock Inc. now owns 2,019 shares of the company’s stock worth $117,000 after buying an additional 1,230 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Argo Group International Holdings by 10.0% in the second quarter. New York State Teachers Retirement System now owns 2,640 shares of the company’s stock worth $137,000 after buying an additional 240 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Argo Group International Holdings by 32.4% in the second quarter. Quantbot Technologies LP now owns 3,541 shares of the company’s stock worth $183,000 after buying an additional 866 shares in the last quarter. Finally, Smith Asset Management Group LP acquired a new position in shares of Argo Group International Holdings during the second quarter worth $202,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.

About Argo Group International Holdings

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