Strs Ohio Sells 700 Shares of Argo Group (NASDAQ:ARGO)

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Strs Ohio lowered its holdings in shares of Argo Group (NASDAQ:ARGO) by 4.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,500 shares of the company’s stock after selling 700 shares during the quarter. Strs Ohio’s holdings in Argo Group were worth $1,147,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ARGO. Huntington National Bank purchased a new position in Argo Group during the 2nd quarter valued at $36,000. Riggs Asset Managment Co. Inc. purchased a new position in Argo Group during the 1st quarter valued at $52,000. Quadrant Capital Group LLC purchased a new position in Argo Group during the 1st quarter valued at $53,000. Nisa Investment Advisors LLC boosted its holdings in Argo Group by 69.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,470 shares of the company’s stock valued at $104,000 after acquiring an additional 600 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Argo Group during the 1st quarter valued at $159,000.

In other Argo Group news, insider Kevin James Rehnberg sold 6,442 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $71.08, for a total value of $457,897.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen Nealon sold 1,210 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $73.10, for a total value of $88,451.00. The disclosure for this sale can be found here.

A number of equities analysts recently issued reports on ARGO shares. Zacks Investment Research upgraded Argo Group from a “sell” rating to a “hold” rating in a report on Monday. William Blair cut Argo Group from an “outperform” rating to a “market perform” rating and set a $74.12 price objective for the company. in a report on Friday, April 26th. Finally, Boenning Scattergood restated a “buy” rating on shares of Argo Group in a report on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $73.24.

Shares of ARGO stock opened at $68.72 on Wednesday. Argo Group has a twelve month low of $58.42 and a twelve month high of $78.57. The stock has a fifty day moving average price of $71.29.

Argo Group (NASDAQ:ARGO) last issued its earnings results on Monday, August 5th. The company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.23. The firm had revenue of $476.60 million during the quarter, compared to analysts’ expectations of $478.43 million.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Thursday, August 29th.

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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