Teacher Retirement System of Texas reduced its position in Argo Group (NASDAQ:AGII) by 30.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,956 shares of the insurance provider’s stock after selling 2,601 shares during the quarter. Teacher Retirement System of Texas’ holdings in Argo Group were worth $346,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. raised its stake in Argo Group by 61.4% in the 2nd quarter. Sei Investments Co. now owns 36,478 shares of the insurance provider’s stock valued at $2,121,000 after purchasing an additional 13,873 shares during the last quarter. KBC Group NV acquired a new position in Argo Group in the 2nd quarter valued at $858,000. Tributary Capital Management LLC raised its stake in Argo Group by 8.7% in the 2nd quarter. Tributary Capital Management LLC now owns 286,673 shares of the insurance provider’s stock valued at $16,670,000 after purchasing an additional 22,830 shares during the last quarter. Diversified Trust Co raised its stake in Argo Group by 35.4% in the 1st quarter. Diversified Trust Co now owns 5,347 shares of the insurance provider’s stock valued at $307,000 after purchasing an additional 1,397 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its stake in Argo Group by 15.2% in the 1st quarter. Allianz Asset Management GmbH now owns 36,199 shares of the insurance provider’s stock valued at $2,078,000 after purchasing an additional 4,778 shares during the last quarter. Hedge funds and other institutional investors own 80.67% of the company’s stock.
NASDAQ AGII opened at $58.85 on Friday. Argo Group has a one year low of $49.69 and a one year high of $60.15. The firm has a market capitalization of $1.99 billion, a P/E ratio of -140.12 and a beta of 0.62. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.52 and a quick ratio of 0.52.
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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