Argo Group International Holdings, Ltd. (AGII) Stake Lessened by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in shares of Argo Group International Holdings, Ltd. (NASDAQ:AGII) by 16.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,151 shares of the insurance provider’s stock after selling 1,019 shares during the period. Envestnet Asset Management Inc.’s holdings in Argo Group International were worth $316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. grew its holdings in shares of Argo Group International by 15.9% in the second quarter. Sei Investments Co. now owns 22,144 shares of the insurance provider’s stock valued at $1,342,000 after purchasing an additional 3,040 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Argo Group International by 20.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 217,413 shares of the insurance provider’s stock valued at $13,176,000 after purchasing an additional 36,539 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Argo Group International by 84.9% in the second quarter. SG Americas Securities LLC now owns 8,241 shares of the insurance provider’s stock valued at $499,000 after purchasing an additional 3,783 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Argo Group International by 210.6% in the second quarter. BNP Paribas Arbitrage SA now owns 4,569 shares of the insurance provider’s stock valued at $277,000 after purchasing an additional 3,098 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Argo Group International by 2.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 23,141 shares of the insurance provider’s stock valued at $1,402,000 after purchasing an additional 604 shares in the last quarter. Hedge funds and other institutional investors own 86.92% of the company’s stock.

Argo Group International Holdings, Ltd. (AGII) opened at $61.40 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market cap of $1,830.00, a price-to-earnings ratio of 36.33 and a beta of 0.82. Argo Group International Holdings, Ltd. has a one year low of $56.15 and a one year high of $69.03.

Argo Group International (NASDAQ:AGII) last posted its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.91) EPS for the quarter, missing the consensus estimate of $0.99 by ($2.90). The firm had revenue of $439.20 million for the quarter, compared to analysts’ expectations of $433.90 million. Argo Group International had a return on equity of 1.36% and a net margin of 3.15%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.12 earnings per share. equities analysts anticipate that Argo Group International Holdings, Ltd. will post 0.87 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.76%. The ex-dividend date was Thursday, November 30th. Argo Group International’s payout ratio is 63.91%.

Separately, Zacks Investment Research lowered shares of Argo Group International from a “buy” rating to a “hold” rating in a report on Monday, September 11th.

In other Argo Group International news, insider Kevin James Rehnberg sold 2,500 shares of Argo Group International stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $59.74, for a total transaction of $149,350.00. Following the completion of the transaction, the insider now directly owns 30,793 shares of the company’s stock, valued at $1,839,573.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jay Stanley Bullock sold 6,743 shares of Argo Group International stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $60.97, for a total transaction of $411,120.71. Following the transaction, the chief financial officer now directly owns 85,767 shares of the company’s stock, valued at $5,229,213.99. The disclosure for this sale can be found here. Insiders have sold 17,524 shares of company stock valued at $1,067,061 over the last ninety days. 4.86% of the stock is owned by insiders.

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Argo Group International 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 (NASDAQ:AGII)

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