Argo Group International Holdings, Ltd. (AGII) Stake Boosted by BlackRock Fund Advisors

Argo Group International Holdings, Ltd. (AGII) Stake Boosted by BlackRock Fund Advisors

BlackRock Fund Advisors increased its stake in Argo Group International Holdings, Ltd. (NASDAQ:AGII) by 7.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 766,715 shares of the company’s stock after buying an additional 54,622 shares during the period. BlackRock Fund Advisors owned about 2.56% of Argo Group International Holdings worth $43,258,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Frontier Capital Management Co. LLC raised its position in Argo Group International Holdings by 6.0% in the second quarter. Frontier Capital Management Co. LLC now owns 1,683,502 shares of the company’s stock valued at $87,374,000 after buying an additional 95,729 shares during the period. Peregrine Capital Management LLC acquired a new position in Argo Group International Holdings during the third quarter worth $29,125,000. PNC Financial Services Group Inc. raised its position in Argo Group International Holdings by 10.2% in the third quarter. PNC Financial Services Group Inc. now owns 76,469 shares of the company’s stock worth $4,314,000 after buying an additional 7,081 shares during the last quarter. First Trust Advisors LP raised its position in Argo Group International Holdings by 16.8% in the third quarter. First Trust Advisors LP now owns 67,212 shares of the company’s stock worth $3,792,000 after buying an additional 9,643 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Argo Group International Holdings by 6.8% in the third quarter. Victory Capital Management Inc. now owns 647,248 shares of the company’s stock worth $36,518,000 after buying an additional 41,175 shares during the last quarter. 88.28% of the stock is currently owned by hedge funds and other institutional investors.

Argo Group International Holdings, Ltd. (NASDAQ:AGII) traded down 0.61% during mid-day trading on Friday, reaching $65.50. The company had a trading volume of 78,704 shares. The stock has a 50-day moving average of $65.37 and a 200 day moving average of $59.12. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 13.12 and a beta of 0.77. Argo Group International Holdings, Ltd. has a 12-month low of $41.55 and a 12-month high of $67.60.

Argo Group International Holdings (NASDAQ:AGII) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.34. The company earned $416.70 million during the quarter, compared to analyst estimates of $353.68 million. Argo Group International Holdings had a return on equity of 7.11% and a net margin of 10.06%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company earned $0.78 earnings per share. On average, analysts expect that Argo Group International Holdings, Ltd. will post $3.88 EPS for the current year.

Separately, Zacks Investment Research lowered Argo Group International Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th.

In other Argo Group International Holdings news, Director Hector Deleon sold 4,199 shares of Argo Group International Holdings stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $64.87, for a total transaction of $272,389.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark E. Watson III sold 16,594 shares of Argo Group International Holdings stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $64.51, for a total value of $1,070,478.94. Following the sale, the chief executive officer now directly owns 574,923 shares of the company’s stock, valued at approximately $37,088,282.73. The disclosure for this sale can be found here. Insiders have sold 36,185 shares of company stock valued at $2,331,429 in the last three months. 5.79% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding AGII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Argo Group International Holdings, Ltd. (NASDAQ:AGII).

Related posts

Leave a Comment