Reasons for Hector Deleon’s Shares Unload of Argo Group International Holdings Ltd’s Stock

November 24, 2016 - By Peter Kolinski

Reasons for Hector Deleon's Shares Unload of Argo Group International Holdings Ltd's Stock

Hector Deleon Insider Sell

Hector Deleon, an insider and also director of the public company Argo Group International Holdings Ltd made trade. He made a sale of 4,199 shares of the firm with the insider transaction worth approx. $272,400 U.S Dollars – based on a stock price of $64.9 a share. This transaction decreased his ownership of Argo Group International Holdings Ltd to 0.05% total market capitalization or 14,290 shares.

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. Keefe Bruyette & Woods maintained Argo Group International Holdings, Ltd. (NASDAQ:AGII) on Friday, May 13 with “Market Perform” rating. The rating was initiated by Piper Jaffray with “Overweight” on Thursday, December 10. The firm earned “Mkt Perform” rating on Monday, June 27 by JMP Securities.

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 1.93, from 2.93 in 2016Q1. The ratio dropped, 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.

Pnc Financial Serv Gru has 0% invested in the company for 69,388 shares. The New York-based Morgan Stanley has invested 0% in Argo Group International Holdings, Ltd. (NASDAQ:AGII). Thrivent Finance For Lutherans has invested 0.08% of its portfolio in Argo Group International Holdings, Ltd. (NASDAQ:AGII). Burgundy Asset Management Ltd last reported 107,038 shares in the company. Bank & Trust Of Nova Scotia holds 0.01% of its portfolio in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 30,124 shares. Jpmorgan Chase Co has 324,460 shares for 0% of their US portfolio. Mesirow Fincl Investment holds 1.1% or 365,192 shares in its portfolio. Caisse De Depot Et Placement Du Quebec last reported 0.01% of its portfolio in the stock. Moreover, Bancshares Of Mellon has 0% invested in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 135,212 shares. Barclays Public Ltd Co owns 50,138 shares or 0% of their US portfolio. Credit Suisse Ag has 0% invested in the company for 33,348 shares. Cornerstone Mngmt Ltd Limited Liability Company holds 0% of its portfolio in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 80 shares. Pine River Capital Management Lp holds 21,279 shares or 0.01% of its portfolio. Teachers Advsrs holds 328,687 shares or 0.03% of its portfolio. Susquehanna Grp Inc Llp holds 0% of its portfolio in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 8,627 shares.

Insider Transactions: Since June 6, 2016, the stock had 1 buy, and 8 insider sales for $3.33 million net activity. $601,745 worth of Argo Group International Holdings, Ltd. (NASDAQ:AGII) was sold by Bullock Jay Stanley. 8,543 Argo Group International Holdings, Ltd. (NASDAQ:AGII) shares with value of $480,172 were bought by REHNBERG KEVIN JAMES. 3,810 shares were sold by Tonelli John H, worth $213,029 on Wednesday, September 14. Shares for $272,400 were sold by DELEON HECTOR. BROWNE F SEDGWICK sold $206,805 worth of stock. 10,498 shares were sold by WATSON MARK E III, worth $582,849.

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 22.23% 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 earnings per share, 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 earnings per share 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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