Crescent Grove Advisors LLC purchased a new position in shares of Argo Group International Holdings, Ltd. (NASDAQ:AGII) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 22,422 shares of the insurance provider’s stock, valued at approximately $1,359,000.

Several other large investors have also added to or reduced their stakes in the stock. Oxford Asset Management increased its position in shares of Argo Group International Holdings by 70.3% in the first quarter. Oxford Asset Management now owns 47,413 shares of the insurance provider’s stock valued at $3,215,000 after buying an additional 19,572 shares in the last quarter. Burgundy Asset Management Ltd. increased its position in shares of Argo Group International Holdings by 8.7% in the first quarter. Burgundy Asset Management Ltd. now owns 130,422 shares of the insurance provider’s stock valued at $8,843,000 after buying an additional 10,454 shares in the last quarter. Mutual of America Capital Management LLC purchased a new position in shares of Argo Group International Holdings during the first quarter valued at approximately $1,139,000. Parametric Portfolio Associates LLC increased its position in shares of Argo Group International Holdings by 24.8% in the first quarter. Parametric Portfolio Associates LLC now owns 124,378 shares of the insurance provider’s stock valued at $8,433,000 after buying an additional 24,718 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Argo Group International Holdings by 0.9% in the first quarter. Sei Investments Co. now owns 19,104 shares of the insurance provider’s stock valued at $1,296,000 after buying an additional 179 shares in the last quarter. Institutional investors own 88.43% of the company’s stock.

Shares of Argo Group International Holdings, Ltd. (AGII) opened at 59.30 on Friday. Argo Group International Holdings, Ltd. has a 1-year low of $54.40 and a 1-year high of $69.03. The firm’s 50 day moving average is $60.25 and its 200-day moving average is $63.79. The company has a market cap of $1.79 billion, a PE ratio of 10.72 and a beta of 0.82.

Argo Group International Holdings (NASDAQ:AGII) last issued its earnings results on Monday, August 7th. The insurance provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.25. The company had revenue of $447.10 million for the quarter, compared to analysts’ expectations of $412.90 million. Argo Group International Holdings had a net margin of 10.04% and a return on equity of 6.39%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 EPS. Equities analysts expect that Argo Group International Holdings, Ltd. will post $3.91 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Wednesday, August 30th. Argo Group International Holdings’s payout ratio is presently 19.49%.

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Several research analysts have commented on AGII shares. Zacks Investment Research downgraded shares of Argo Group International Holdings from a “strong-buy” rating to a “sell” rating in a research report on Friday, April 21st. BidaskClub raised shares of Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $70.00 target price on shares of Argo Group International Holdings in a research note on Tuesday, July 4th.

In other Argo Group International Holdings news, CFO Jay Stanley Bullock sold 6,292 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $60.91, for a total value of $383,245.72. Following the sale, the chief financial officer now owns 86,115 shares of the company’s stock, valued at approximately $5,245,264.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark E. Watson III sold 6,503 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $61.10, for a total transaction of $397,333.30. Following the completion of the sale, the insider now directly owns 534,272 shares in the company, valued at approximately $32,644,019.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,295 shares of company stock worth $994,079. 4.86% of the stock is owned by corporate insiders.

About Argo Group International Holdings

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 Holdings (NASDAQ:AGII)

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