Trading Report: The Argo Group International Holdings Ltd. (agii) To Go Ex-Dividend on November 29th

The Argo Group International Holdings Ltd. (agii) To Go Ex-Dividend on November 29th

Argo Group International Holdings Ltd. (NASDAQ:agii) declared a quarterly dividend on Tuesday, November 15th. Shareholders of record on Thursday, December 1st will be given a dividend of 0.22 per share on Thursday, December 15th. This represents a $0.88 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Tuesday, November 29th.

Argo Group International Holdings (NASDAQ:AGII) opened at 65.05 on Monday. Argo Group International Holdings has a 12-month low of $41.55 and a 12-month high of $67.60. The company has a market cap of $1.95 billion, a PE ratio of 13.03 and a beta of 0.73. The firm’s 50-day moving average price is $59.49 and its 200-day moving average price is $55.27.

Argo Group International Holdings (NASDAQ:AGII) last released its earnings results on Tuesday, November 1st. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.34. The business had revenue of $416.70 million for the quarter, compared to analyst estimates of $353.68 million. Argo Group International Holdings had a net margin of 10.06% and a return on equity of 7.11%. Argo Group International Holdings’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 earnings per share. Equities research analysts forecast that Argo Group International Holdings will post $4.08 earnings per share for the current fiscal year.

In other news, CEO Mark E. Watson III sold 16,594 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $64.51, for a total transaction of $1,070,478.94. Following the transaction, the chief executive officer now 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 through the SEC website. Also, Director John H. Tonelli sold 3,810 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $55.91, for a total transaction of $213,017.10. The disclosure for this sale can be found here. Insiders own 5.79% of the company’s stock.

Several institutional investors have recently made changes to their positions in AGII. Champlain Investment Partners LLC raised its position in shares of Argo Group International Holdings by 10.4% in the second quarter. Champlain Investment Partners LLC now owns 944,027 shares of the company’s stock valued at $48,995,000 after buying an additional 88,551 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Argo Group International Holdings by 19.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 848,588 shares of the company’s stock worth $44,042,000 after buying an additional 137,277 shares in the last quarter. BlackRock Fund Advisors raised its stake in Argo Group International Holdings by 7.4% in the second quarter. BlackRock Fund Advisors now owns 712,093 shares of the company’s stock worth $36,958,000 after buying an additional 49,149 shares in the last quarter. Northern Trust Corp raised its stake in Argo Group International Holdings by 3.0% in the third quarter. Northern Trust Corp now owns 527,375 shares of the company’s stock worth $29,755,000 after buying an additional 15,234 shares in the last quarter. Finally, State Street Corp raised its stake in Argo Group International Holdings by 2.6% in the second quarter. State Street Corp now owns 520,604 shares of the company’s stock worth $27,020,000 after buying an additional 13,379 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Argo Group International Holdings from $56.00 to $58.00 and gave the company a “market perform” rating in a report on Thursday, August 4th. Zacks Investment Research upgraded shares of Argo Group International Holdings from a “hold” rating to a “strong-buy” rating and set a $63.00 target price on the stock in a report on Tuesday, August 9th. Finally, Compass Point boosted their target price on shares of Argo Group International Holdings from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Four 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 target price of $62.25.

About Argo Group International Holdings

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