Argo Group International Holdings Ltd. (NASDAQ:AGII)’s share price gapped up before the market opened on Friday . The stock had previously closed at $51.71, but opened at $51.75. Argo Group International Holdings shares last traded at $52.48, with a volume of 24,778 shares changing hands.

Several equities analysts have recently issued reports on AGII shares. Zacks Investment Research lowered Argo Group International Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, April 19th. Keefe, Bruyette & Woods increased their target price on Argo Group International Holdings from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Friday, May 13th. Finally, JMP Securities started coverage on Argo Group International Holdings in a research note on Monday, June 27th. They issued a “market perform” rating on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Argo Group International Holdings currently has an average rating of “Hold” and an average price target of $62.00.

The firm’s 50-day moving average is $52.00 and its 200-day moving average is $51.49. The company has a market cap of $1.58 billion and a PE ratio of 12.34.

Argo Group International Holdings (NASDAQ:AGII) last issued its quarterly earnings results on Monday, May 2nd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.03. During the same quarter in the previous year, the business posted $2.05 EPS. The business earned $370.10 million during the quarter, compared to the consensus estimate of $355.64 million. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities research analysts expect that Argo Group International Holdings Ltd. will post $3.13 EPS for the current fiscal year.

In other news, CFO Jay Stanley Bullock sold 8,865 shares of Argo Group International Holdings stock in a transaction on Monday, June 6th. The stock was sold at an average price of $53.49, for a total value of $474,188.85. Following the transaction, the chief financial officer now owns 95,718 shares in the company, valued at approximately $5,119,955.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mark E. Watson III sold 9,718 shares of Argo Group International Holdings stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $58.13, for a total value of $564,907.34. Following the completion of the transaction, the chief executive officer now owns 535,859 shares in the company, valued at approximately $31,149,483.67. The disclosure for this sale can be found here.

Several institutional investors have modified their holdings of AGII. Deere & Co. raised its position in shares of Argo Group International Holdings by 68.4% in the fourth quarter. Deere & Co. now owns 22,872 shares of the company’s stock valued at $1,369,000 after buying an additional 9,293 shares during the last quarter. US Bancorp DE raised its position in shares of Argo Group International Holdings by 1.9% in the fourth quarter. US Bancorp DE now owns 30,114 shares of the company’s stock valued at $1,802,000 after buying an additional 563 shares during the last quarter. State of Wisconsin Investment Board raised its position in shares of Argo Group International Holdings by 3.1% in the fourth quarter. State of Wisconsin Investment Board now owns 34,441 shares of the company’s stock valued at $2,061,000 after buying an additional 1,030 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Argo Group International Holdings by 21.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 48,996 shares of the company’s stock valued at $2,931,000 after buying an additional 8,573 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of Argo Group International Holdings by 415.0% in the fourth quarter. Bank of Montreal Can now owns 53,036 shares of the company’s stock valued at $3,174,000 after buying an additional 42,738 shares during the last quarter.

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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