Argo Group International Holdings, Ltd. (AGII) Shares Sold by Mesirow Financial Investment Management Equity Management

Mesirow Financial Investment Management Equity Management lowered its position in shares of Argo Group International Holdings, Ltd. (NASDAQ:AGII) by 2.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 286,680 shares of the insurance provider’s stock after selling 7,770 shares during the period. Mesirow Financial Investment Management Equity Management owned about 0.95% of Argo Group International Holdings worth $17,631,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dubuque Bank & Trust Co. acquired a new position in Argo Group International Holdings in the 2nd quarter valued at about $176,000. Quantbot Technologies LP acquired a new position in Argo Group International Holdings in the 2nd quarter valued at about $195,000. Neuberger Berman Group LLC increased 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 period. Amalgamated Bank increased its position in Argo Group International Holdings by 1.4% in the 2nd quarter. Amalgamated Bank now owns 3,671 shares of the insurance provider’s stock valued at $222,000 after acquiring an additional 49 shares during the period. Finally, Diversified Trust Co increased 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 period. Institutional investors and hedge funds own 86.34% of the company’s stock.

Argo Group International Holdings (NASDAQ:AGII) last issued its earnings results on Monday, August 7th. The insurance provider reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $447.10 million for the quarter, compared to analysts’ expectations of $412.90 million. During the same quarter last year, the company posted $1.20 earnings per share. Argo Group International Holdings’s revenue was up 15.2% on a year-over-year basis.

AGII has been the topic of several recent research reports. Zacks Investment Research cut Argo Group International Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub cut Argo Group International Holdings from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.

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In other Argo Group International Holdings news, insider Mark E. Watson III sold 22,246 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 593,661 shares in the company, valued at $35,732,455.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.86% of the stock is currently owned by company insiders.

Argo Group International Holdings 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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