Mark Watson the President and CEO of Argo Group International Holdings Ltd Sold 23,678 Shares of the Company

November 24, 2016 - By Adrian Mccoy

Mark Watson the President and CEO of Argo Group International Holdings Ltd Sold 23,678 Shares of the Company

Mark Watson Insider Sell

In an electronic document which was filled with the (SEC), it was exposed that the President and CEO of Argo Group International Holdings Ltd Mark Watson, an insider in focus, made a stock market deal for 23,678 shares of the Bermuda-based company, worth $1,530,187 USD using an average market stock price per share of $64.6 USD. And, It’s sure Mark’s transaction isn’t going to stay unseen as he presently is holding 580,183 shares – ( 1.94% of Argo Group International Holdings Ltd’s Market Cap ).

Argo Group International Holdings, Ltd. (NASDAQ:AGII) Ratings Coverage

Out of 4 analysts covering Argo Group International Holdings (NASDAQ:AGII), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $62 is the highest target while $62 is the lowest. The $62 average target is -3.65% below today’s ($64.35) stock price. Argo Group International Holdings has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Argo Group International Holdings, Ltd. (NASDAQ:AGII) earned “Overweight” rating by Piper Jaffray on Thursday, December 10. JMP Securities initiated the shares of AGII in a report on Monday, June 27 with “Mkt Perform” rating. The rating was maintained by Keefe Bruyette & Woods on Friday, May 13 with “Market Perform”.

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 1.93, from 2.93 in 2016Q1. The ratio turned negative, as 25 funds sold all Argo Group International Holdings, Ltd. shares owned while 21 reduced positions. 15 funds bought stakes while 120 increased positions. They now own 25.81 million shares or 4.74% more from 24.64 million shares in 2016Q1.

Cornerstone Cap Management holds 0% of its portfolio in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 80 shares. Raymond James And Associate holds 32,763 shares or 0.01% of its portfolio. Fifth Third Savings Bank reported 242 shares or 0% of all its holdings. Bridgeway Mngmt last reported 104,405 shares in the company. Wedge Cap Mgmt L Limited Partnership Nc has invested 0.24% of its portfolio in Argo Group International Holdings, Ltd. (NASDAQ:AGII). Mufg Americas Holding holds 0% of its portfolio in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 430 shares. Nuveen Asset Management Ltd Liability Corporation has 88,092 shares for 0.03% of their US portfolio. Cna Corporation holds 17,094 shares or 0.22% of its portfolio. Champlain Invest Prtn Ltd Liability Company holds 0.84% of its portfolio in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 944,027 shares. Leuthold Gru Limited Liability holds 12,199 shares or 0.07% of its portfolio. Lord Abbett & Limited Liability Com holds 0.06% or 382,467 shares in its portfolio. State Street Corporation holds 0% of its portfolio in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 520,604 shares. Moreover, Ladenburg Thalmann Fin Service Inc has 0% invested in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 532 shares. Credit Suisse Ag accumulated 0% or 33,348 shares. Moreover, Bessemer Gp has 0.01% invested in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 34,857 shares.

Insider Transactions: Since June 6, 2016, the stock had 1 insider buy, and 8 insider sales for $3.33 million net activity. BROWNE F SEDGWICK had sold 3,762 shares worth $206,805. DELEON HECTOR sold $272,400 worth of stock or 4,199 shares. REHNBERG KEVIN JAMES had sold 5,000 shares worth $279,489. 11,248 shares were sold by Bullock Jay Stanley, worth $601,745. $213,029 worth of Argo Group International Holdings, Ltd. (NASDAQ:AGII) was sold by Tonelli John H on Wednesday, September 14. $582,849 worth of Argo Group International Holdings, Ltd. (NASDAQ:AGII) shares were sold by WATSON MARK E III.

The stock decreased 0.23% or $0.15 during the last trading session, hitting $64.35. About 184,758 shares traded hands or 37.48% up from the average. Argo Group International Holdings, Ltd. (NASDAQ:AGII) has risen 27.56% since April 22, 2016 and is uptrending. It has outperformed by 22.15% the S&P500.

Argo Group International Holdings, Ltd. is an underwriter of specialty insurance and reinsurance products in the property and casualty market. The company has a market cap of $1.93 billion. The Firm operates through four divisions: Excess and Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. It has a 12.86 P/E ratio. Excess and Surplus Lines segment carriers focus on risks that the standard market is unwilling or unable to underwrite.

According to Zacks Investment Research, “PXRE Group Ltd. provides reinsurance products and services to a worldwide marketplace. They primarily emphasize commercial and personal property and casualty reinsurance risks, and offer both broker-based and direct-writing distribution capabilities. PXRE also provides marine and aerospace reinsurance products and services.”

Analysts await Argo Group International Holdings, Ltd. (NASDAQ:AGII) to report earnings on February, 13. They expect $0.69 EPS, down 15.85% or $0.13 from last year’s $0.82 per share. AGII’s profit will be $20.69 million for 23.32 P/E if the $0.69 EPS becomes a reality. After $1.12 actual EPS reported by Argo Group International Holdings, Ltd. for the previous quarter, Wall Street now forecasts -38.39% negative EPS growth.

More important recent Argo Group International Holdings, Ltd. (NASDAQ:AGII) news were published by: Businesswire.com which released: “A.M. Best Affirms Credit Ratings of Argo Group International Holdings, Ltd ..” on November 16, 2016, also Marketwatch.com published article titled: “Argo Group International Holdings Ltd.”, Businesswire.com published: “Argo Group Announces Acquisition of Ariel Re” on November 14, 2016. More interesting news about Argo Group International Holdings, Ltd. (NASDAQ:AGII) was released by: Quotes.Wsj.com and their article: “News Argo Group International Holdings Ltd.AGII” with publication date: February 11, 2011.

AGII Company Profile

Argo Group International Holdings, Ltd., incorporated on June 1, 1999, is an underwriter of specialty insurance and reinsurance products in the property and casualty market. The Firm operates through four divisions: Excess and Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. Excess and Surplus Lines segment carriers focus on risks that the standard (admitted) market is unwilling or unable to underwrite. Commercial Specialty segment provides property, casualty and surety coverages designed to meet the insurance needs of businesses within certain markets. International Specialty segment underwrites insurance and reinsurance risks. The Syndicate 1200 segment underwrites around the world property, specialty and non-United States liability insurance.

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