Symphony Asset Management LLC increased its holdings in Argo Group International Holdings, Ltd. (NASDAQ:AGII) by 4.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 10,870 shares of the insurance provider’s stock after acquiring an additional 427 shares during the period. Symphony Asset Management LLC’s holdings in Argo Group International Holdings were worth $659,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new position in Argo Group International Holdings in the first quarter worth approximately $169,000. Dubuque Bank & Trust Co. purchased a new position in shares of Argo Group International Holdings during the second quarter worth $176,000. Neuberger Berman Group LLC boosted its position in shares of Argo Group International Holdings by 0.8% during the second quarter. Neuberger Berman Group LLC now owns 3,383 shares of the insurance provider’s stock worth $205,000 after buying an additional 27 shares during the period. Diversified Trust Co boosted its position in shares of Argo Group International Holdings by 1.4% during the second quarter. Diversified Trust Co now owns 3,750 shares of the insurance provider’s stock worth $227,000 after buying an additional 50 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Argo Group International Holdings during the first quarter worth $302,000. Institutional investors own 87.51% of the company’s stock.

In other Argo Group International Holdings news, insider Mark E. Watson III sold 22,246 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $60.19, for a total value of $1,338,986.74. Following the completion of the transaction, the insider now directly owns 593,661 shares of the company’s stock, valued at approximately $35,732,455.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.86% of the company’s stock.

AGII has been the subject of several research analyst reports. Zacks Investment Research lowered Argo Group International Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $70.00 target price on shares of Argo Group International Holdings in a report on Tuesday, July 4th. Finally, BidaskClub upgraded Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th.

Shares of Argo Group International Holdings, Ltd. (NASDAQ:AGII) opened at 60.45 on Thursday. Argo Group International Holdings, Ltd. has a 1-year low of $54.40 and a 1-year high of $69.03. The firm has a market capitalization of $1.82 billion, a PE ratio of 10.93 and a beta of 0.82. The firm has a 50-day moving average price of $59.73 and a 200-day moving average price of $62.80.

Argo Group International Holdings (NASDAQ:AGII) last posted its quarterly earnings data on Monday, August 7th. The insurance provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.25. The company had revenue of $447.10 million during 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 for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 EPS. On average, analysts forecast that Argo Group International Holdings, Ltd. will post $3.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given 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 yield of 1.79%. Argo Group International Holdings’s payout ratio is currently 19.49%.

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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.

Institutional Ownership by Quarter for Argo Group International Holdings (NASDAQ:AGII)

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