Wedge Capital Management L L P NC boosted its position in Argo Group International Holdings, Ltd. (NASDAQ:AGII) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 445,796 shares of the insurance provider’s stock after buying an additional 508 shares during the period. Wedge Capital Management L L P NC’s holdings in Argo Group International Holdings were worth $27,015,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. raised its position in shares of Argo Group International Holdings by 5.1% in the first quarter. Russell Investments Group Ltd. now owns 140,800 shares of the insurance provider’s stock worth $9,547,000 after buying an additional 6,774 shares during the period. First Trust Advisors LP raised its position in shares of Argo Group International Holdings by 13.9% in the first quarter. First Trust Advisors LP now owns 71,719 shares of the insurance provider’s stock worth $4,863,000 after buying an additional 8,749 shares during the period. American Century Companies Inc. raised its position in shares of Argo Group International Holdings by 58.3% in the first quarter. American Century Companies Inc. now owns 110,549 shares of the insurance provider’s stock worth $7,495,000 after buying an additional 40,692 shares during the period. US Bancorp DE raised its position in shares of Argo Group International Holdings by 3.5% in the first quarter. US Bancorp DE now owns 41,643 shares of the insurance provider’s stock worth $2,823,000 after buying an additional 1,402 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Argo Group International Holdings by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 160,436 shares of the insurance provider’s stock worth $10,878,000 after buying an additional 7,770 shares during the period. Institutional investors own 88.43% of the company’s stock.

Shares of Argo Group International Holdings, Ltd. (NASDAQ AGII) opened at 59.15 on Friday. Argo Group International Holdings, Ltd. has a 12 month low of $54.40 and a 12 month high of $69.03. The firm has a market capitalization of $1.78 billion, a P/E ratio of 10.69 and a beta of 0.82. The firm’s 50-day moving average price is $60.25 and its 200 day moving average price is $63.75.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.83%. Argo Group International Holdings’s payout ratio is 19.49%.

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

In other news, CFO Jay Stanley Bullock sold 6,292 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $60.91, for a total value of $383,245.72. Following the completion of the sale, the chief financial officer now directly owns 86,115 shares of the company’s stock, valued at $5,245,264.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kevin James Rehnberg sold 3,500 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $61.00, for a total transaction of $213,500.00. Following the completion of the sale, the insider now directly owns 33,193 shares of the company’s stock, valued at $2,024,773. The disclosure for this sale can be found here. Insiders sold 16,295 shares of company stock valued at $994,079 over the last ninety days. Corporate insiders own 4.86% of the company’s stock.

Argo Group International Holdings Company Profile

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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