New York State Teachers Retirement System Has $172,000 Stake in Argo Group International Holdings, Ltd. (NASDAQ:AGII)

New York State Teachers Retirement System held its position in shares of Argo Group International Holdings, Ltd. (NASDAQ:AGII) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,540 shares of the insurance provider’s stock at the end of the first quarter. New York State Teachers Retirement System’s holdings in Argo Group International Holdings were worth $172,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new position in shares of Argo Group International Holdings during the first quarter worth $169,000. SG Americas Securities LLC purchased a new position in shares of Argo Group International Holdings during the first quarter worth $302,000. Wealthsource Partners LLC boosted its position in shares of Argo Group International Holdings by 1.9% in the first quarter. Wealthsource Partners LLC now owns 5,300 shares of the insurance provider’s stock worth $359,000 after buying an additional 100 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of Argo Group International Holdings during the first quarter worth $391,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Argo Group International Holdings during the first quarter worth $707,000. Institutional investors and hedge funds own 87.10% of the company’s stock.

Shares of Argo Group International Holdings, Ltd. (NASDAQ AGII) opened at 60.50 on Friday. Argo Group International Holdings, Ltd. has a 52-week low of $54.40 and a 52-week high of $69.03. The stock has a market cap of $1.82 billion, a PE ratio of 10.93 and a beta of 0.82. The company’s 50-day moving average price is $60.30 and its 200-day moving average price is $63.57.

Argo Group International Holdings (NASDAQ:AGII) last announced its earnings results on Monday, August 7th. The insurance provider reported $1.31 EPS for the quarter, beating the 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 the consensus estimate of $412.90 million. During the same period in the prior year, the business posted $1.20 earnings per share. Argo Group International Holdings’s revenue was up 15.2% compared to the same quarter last year. Analysts expect that Argo Group International Holdings, Ltd. will post $3.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Wednesday, August 30th. Argo Group International Holdings’s dividend payout ratio is 19.49%.

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A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded Argo Group International Holdings from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Tuesday, June 20th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $70.00 price target on shares of Argo Group International Holdings in a research report on Tuesday, July 4th. Finally, BidaskClub cut Argo Group International Holdings from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.

In other news, insider Mark E. Watson III sold 6,503 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $61.10, for a total transaction of $397,333.30. Following the completion of the sale, the insider now directly owns 534,272 shares of the company’s stock, valued at $32,644,019.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kevin James Rehnberg sold 3,500 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $61.00, for a total value of $213,500.00. Following the sale, the insider now directly owns 33,193 shares of the company’s stock, valued at $2,024,773. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,295 shares of company stock valued at $994,079. 4.86% of the stock is currently owned by company 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.

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

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