Wells Fargo & Company MN Raises Stock Holdings in Argo Group (NASDAQ:ARGO)

Wells Fargo & Company MN raised its position in shares of Argo Group (NASDAQ:ARGO) by 8.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 192,988 shares of the company’s stock after buying an additional 14,964 shares during the quarter. Wells Fargo & Company MN owned about 0.56% of Argo Group worth $7,152,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its position in Argo Group by 0.3% during the 1st quarter. BlackRock Inc. now owns 2,421,315 shares of the company’s stock worth $89,734,000 after purchasing an additional 6,848 shares during the last quarter. Champlain Investment Partners LLC grew its holdings in shares of Argo Group by 26.6% during the fourth quarter. Champlain Investment Partners LLC now owns 1,872,583 shares of the company’s stock valued at $123,122,000 after buying an additional 392,960 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Argo Group by 3.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,354,722 shares of the company’s stock valued at $50,206,000 after acquiring an additional 45,853 shares during the period. First Trust Advisors LP lifted its position in Argo Group by 30.0% during the 1st quarter. First Trust Advisors LP now owns 979,315 shares of the company’s stock worth $36,293,000 after acquiring an additional 226,236 shares during the period. Finally, State Street Corp grew its stake in Argo Group by 4.0% during the 1st quarter. State Street Corp now owns 843,760 shares of the company’s stock valued at $31,270,000 after purchasing an additional 32,603 shares during the last quarter.

In other Argo Group news, Director Thomas A. Bradley acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $27.56 per share, for a total transaction of $82,680.00. Following the completion of the transaction, the director now directly owns 14,636 shares of the company’s stock, valued at $403,368.16. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

A number of equities research analysts recently commented on ARGO shares. Boenning Scattergood raised Argo Group from a “neutral” rating to an “outperform” rating and set a $39.00 target price for the company in a report on Friday, May 15th. BidaskClub cut shares of Argo Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 20th. TheStreet lowered shares of Argo Group from a “c-” rating to a “d+” rating in a research note on Monday, June 1st. Finally, Raymond James decreased their target price on shares of Argo Group from $55.00 to $45.00 and set a “strong-buy” rating for the company in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Argo Group currently has a consensus rating of “Hold” and a consensus price target of $59.50.

ARGO opened at $34.83 on Wednesday. The firm has a fifty day moving average price of $32.36 and a 200 day moving average price of $47.55. Argo Group has a 1 year low of $25.00 and a 1 year high of $75.92.

Argo Group (NASDAQ:ARGO) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.22. The firm had revenue of $472.60 million during the quarter, compared to analyst estimates of $482.00 million.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $1.24 dividend on an annualized basis and a yield of 3.56%.

Argo Group Company 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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