Quantamental Technologies LLC purchased a new stake in Argo Group (NASDAQ:ARGO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,845 shares of the company’s stock, valued at approximately $124,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. James Investment Research Inc. purchased a new position in Argo Group in the 4th quarter valued at approximately $46,000. Nisa Investment Advisors LLC purchased a new position in Argo Group in the 4th quarter valued at approximately $59,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Argo Group in the 4th quarter valued at approximately $161,000. Virtu Financial LLC purchased a new position in Argo Group in the 4th quarter valued at approximately $263,000. Finally, First Hawaiian Bank purchased a new position in Argo Group in the 4th quarter valued at approximately $358,000.
Several research firms recently weighed in on ARGO. Zacks Investment Research raised Argo Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Monday, January 14th. Compass Point assumed coverage on Argo Group in a research report on Tuesday, January 15th. They set a “neutral” rating and a $70.00 price target for the company. Keefe, Bruyette & Woods downgraded Argo Group from an “outperform” rating to a “hold” rating in a research report on Thursday, December 13th. Finally, Raymond James dropped their price target on Argo Group from $72.00 to $70.00 and set a “strong-buy” rating for the company in a research report on Friday, October 19th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $71.20.
Argo Group stock opened at $67.52 on Wednesday. Argo Group has a fifty-two week low of $50.53 and a fifty-two week high of $70.00.
Argo Group (NASDAQ:ARGO) last released its quarterly earnings results on Monday, November 5th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.19. The company had revenue of $484.70 million for the quarter, compared to analysts’ expectations of $462.83 million.
In other news, CFO Jay Stanley Bullock sold 6,207 shares of Argo Group stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of $69.09, for a total value of $428,841.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mural R. Josephson sold 5,543 shares of Argo Group stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $69.02, for a total value of $382,577.86. The disclosure for this sale can be found here. Insiders have sold 45,083 shares of company stock valued at $3,078,265 in the last three months.
About Argo Group
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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