Argo Group International Holdings, Ltd. (AGII) Shares Sold by BlackRock Inc.

BlackRock Inc. lessened its holdings in Argo Group International Holdings, Ltd. (NASDAQ:AGII) by 12.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,201,880 shares of the insurance provider’s stock after selling 300,130 shares during the quarter. BlackRock Inc. owned approximately 7.29% of Argo Group International Holdings worth $133,434,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in AGII. Ameritas Investment Partners Inc. bought a new position in Argo Group International Holdings in the 1st quarter valued at $169,000. Dubuque Bank & Trust Co. bought a new position in Argo Group International Holdings in the 2nd quarter valued at $176,000. Neuberger Berman Group LLC grew its position in Argo Group International Holdings by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,383 shares of the insurance provider’s stock valued at $205,000 after acquiring an additional 27 shares during the last quarter. Diversified Trust Co grew its position in Argo Group International Holdings by 1.4% in the 2nd quarter. Diversified Trust Co now owns 3,750 shares of the insurance provider’s stock valued at $227,000 after acquiring an additional 50 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Argo Group International Holdings by 210.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,569 shares of the insurance provider’s stock valued at $277,000 after acquiring an additional 3,098 shares during the last quarter. 87.09% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on the company. BidaskClub raised Argo Group International Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Keefe, Bruyette & Woods reissued 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. Finally, Zacks Investment Research downgraded Argo Group International Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 10th.

In other news, insider Mark E. Watson III sold 22,246 shares of Argo Group International Holdings stock in a transaction on Friday, August 25th. The stock was sold at an average price of $60.19, for a total value of $1,338,986.74. Following the completion of the sale, the insider now directly owns 593,661 shares of the company’s stock, valued at $35,732,455.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.86% of the company’s stock.

Argo Group International Holdings, Ltd. (AGII) opened at 63.15 on Monday. The company has a market cap of $1.90 billion, a P/E ratio of 11.41 and a beta of 0.80. Argo Group International Holdings, Ltd. has a 52-week low of $54.40 and a 52-week high of $69.03. The stock’s 50 day moving average price is $60.84 and its 200-day moving average price is $61.94.

Argo Group International Holdings (NASDAQ:AGII) last issued its quarterly earnings data on Monday, August 7th. The insurance provider reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.25. Argo Group International Holdings had a return on equity of 6.39% and a net margin of 10.04%. 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 previous year, the firm posted $1.20 earnings per share. The company’s revenue was up 15.2% on a year-over-year basis. On average, equities analysts predict that Argo Group International Holdings, Ltd. will post $3.92 earnings per share for the current fiscal year.

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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.

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

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