Argo Group (NASDAQ:ARGO) posted its earnings results on Monday. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.08 by $0.47, Morningstar.com reports.
NASDAQ ARGO opened at $67.60 on Tuesday. Argo Group has a one year low of $50.66 and a one year high of $70.00.
Several research firms have commented on ARGO. Zacks Investment Research downgraded Argo Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Boenning Scattergood set a $72.00 target price on Argo Group and gave the company a “buy” rating in a research report on Tuesday, November 6th. Keefe, Bruyette & Woods downgraded Argo Group from an “outperform” rating to a “hold” rating in a research report on Thursday, December 13th. Finally, Compass Point began coverage on Argo Group in a research report on Tuesday, January 15th. They issued a “neutral” rating and a $70.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $71.20.
In related news, Director Mural R. Josephson sold 5,543 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $69.02, for a total transaction of $382,577.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director F Sedgwick Browne sold 5,457 shares of the stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $66.34, for a total value of $362,017.38. The disclosure for this sale can be found here. Insiders have sold 35,773 shares of company stock valued at $2,453,191 in the last ninety days.
A number of large investors have recently made changes to their positions in ARGO. First Hawaiian Bank bought a new position in Argo Group in the fourth quarter worth approximately $358,000. Virtu Financial LLC bought a new position in Argo Group in the fourth quarter worth approximately $263,000. Boston Advisors LLC bought a new position in Argo Group in the fourth quarter worth approximately $527,000. Nisa Investment Advisors LLC bought a new position in shares of Argo Group in the fourth quarter valued at approximately $59,000. Finally, Peregrine Capital Management LLC bought a new position in shares of Argo Group in the fourth quarter valued at approximately $31,446,000.
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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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