Argo Group (ARGO) Insider Sells $625,073.40 in Stock

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Argo Group (NASDAQ:ARGO) insider Mark E. Watson III sold 9,310 shares of Argo Group stock in a transaction on Friday, November 9th. The stock was sold at an average price of $67.14, for a total transaction of $625,073.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Argo Group stock traded down $2.98 during mid-day trading on Friday, reaching $66.69. The company’s stock had a trading volume of 89,548 shares, compared to its average volume of 117,459. Argo Group has a twelve month low of $50.53 and a twelve month high of $69.77.

Argo Group (NASDAQ:ARGO) last released its quarterly earnings data on Monday, November 5th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.19. The business had revenue of $484.70 million during the quarter, compared to analyst estimates of $462.83 million.

A number of institutional investors have recently added to or reduced their stakes in the business. Peregrine Capital Management LLC acquired a new position in shares of Argo Group during the second quarter valued at $31,536,000. Bank of Montreal Can acquired a new position in shares of Argo Group during the second quarter valued at $3,383,000. Crescent Grove Advisors LLC acquired a new position in shares of Argo Group during the second quarter valued at $1,606,000. Mycio Wealth Partners LLC acquired a new position in shares of Argo Group during the second quarter valued at $1,515,000. Finally, First National Bank of Omaha acquired a new position in shares of Argo Group during the second quarter valued at $1,328,000.

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Argo Group to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, August 7th. Zacks Investment Research downgraded shares of Argo Group from a “hold” rating to a “sell” rating in a report on Wednesday. Boenning Scattergood set a $72.00 price objective on shares of Argo Group and gave the stock a “buy” rating in a report on Tuesday. Finally, Raymond James decreased their price objective on shares of Argo Group from $72.00 to $70.00 and set a “strong-buy” rating for the company in a report on Friday, October 19th.

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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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Insider Buying and Selling by Quarter for Argo Group (NASDAQ:ARGO)

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