Russell Investments Group Ltd. boosted its position in Argo Group (NASDAQ:AGII) by 11.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,375 shares of the insurance provider’s stock after acquiring an additional 12,231 shares during the period. Russell Investments Group Ltd. owned 0.35% of Argo Group worth $6,738,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Delpha Capital Management LLC bought a new position in Argo Group in the fourth quarter valued at about $183,000. Dorsey & Whitney Trust CO LLC bought a new position in Argo Group during the first quarter worth about $203,000. QS Investors LLC boosted its holdings in Argo Group by 110.7% during the fourth quarter. QS Investors LLC now owns 5,150 shares of the insurance provider’s stock worth $317,000 after buying an additional 2,706 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in Argo Group by 15.0% during the first quarter. Public Employees Retirement Association of Colorado now owns 7,953 shares of the insurance provider’s stock worth $457,000 after buying an additional 1,037 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in Argo Group by 20.6% during the first quarter. Citigroup Inc. now owns 9,590 shares of the insurance provider’s stock worth $551,000 after buying an additional 1,635 shares during the last quarter. Institutional investors and hedge funds own 80.67% of the company’s stock.
A number of brokerages have issued reports on AGII. BidaskClub upgraded Argo Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. ValuEngine upgraded Argo Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 1st. Finally, Zacks Investment Research cut Argo Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 17th.
Shares of Argo Group opened at $58.85 on Friday, according to Marketbeat Ratings. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.22. Argo Group has a 1 year low of $49.69 and a 1 year high of $60.15. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -140.12 and a beta of 0.62.
In other Argo Group news, CEO Mark E. Watson III sold 17,853 shares of the firm’s stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $61.83, for a total transaction of $1,103,850.99. Following the transaction, the chief executive officer now owns 886,173 shares in the company, valued at $54,792,076.59. The sale was disclosed in a document filed with the SEC, which is available through this link. 5.22% of the stock is currently owned by company insiders.
Argo Group Profile
Argo Group International Holdings, Ltd. underwrites specialty insurance and reinsurance products in the property and casualty markets. The company operates in two segments, U.S. Operations and International Operations. The U.S. Operations segment underwrites primary and excess specialty casualty, and commercial multi-peril, as well as contract, product, environmental, and auto liability products; and workers compensation, general, management, errors and omissions, and public entity liability risks.
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