RMB Capital Management LLC Takes $3.15 Million Position in Argo Group (ARGO)

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RMB Capital Management LLC purchased a new stake in shares of Argo Group (NASDAQ:ARGO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 46,866 shares of the company’s stock, valued at approximately $3,152,000. RMB Capital Management LLC owned approximately 0.14% of Argo Group at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP bought a new position in shares of Argo Group during the fourth quarter valued at $190,291,000. BlackRock Inc. purchased a new stake in shares of Argo Group during the fourth quarter valued at $161,071,000. Frontier Capital Management Co. LLC purchased a new stake in shares of Argo Group during the fourth quarter valued at $92,065,000. Northern Trust Corp purchased a new stake in shares of Argo Group during the fourth quarter valued at $36,358,000. Finally, Pzena Investment Management LLC purchased a new stake in shares of Argo Group during the fourth quarter valued at $32,693,000.

NASDAQ ARGO opened at $67.76 on Friday. Argo Group has a 52 week low of $55.10 and a 52 week high of $71.16.

Argo Group (NASDAQ:ARGO) last posted its quarterly earnings data on Monday, February 11th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.06 by $0.49. The company had revenue of $483.60 million during the quarter, compared to the consensus estimate of $468.50 million.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Thursday, February 28th.

Several research firms recently commented on ARGO. Zacks Investment Research raised Argo Group from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. Keefe, Bruyette & Woods downgraded Argo Group from an “outperform” rating to a “hold” rating in a research note on Thursday, December 13th. Finally, Compass Point started coverage on Argo Group in a research note on Tuesday, January 15th. They issued a “neutral” rating and a $70.00 price objective on the stock. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $71.20.

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Argo Group Profile

Argo Group International Holdings Ltd. engages in underwriting property and casualty insurance and reinsurance. The company operates through following segments: Property, Liability, Professional and Specialty. The Property segment includes both property insurance and reinsurance products. The Liability segment includes a broad range of primary and excess casualty products.

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Institutional Ownership by Quarter for Argo Group (NASDAQ:ARGO)

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