Rothschild & Co. Asset Management US Inc. lowered its position in Argo Group (NASDAQ:ARGO) by 1.8% in the 1st quarter, Holdings Channel reports. The fund owned 242,789 shares of the company’s stock after selling 4,404 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in Argo Group were worth $17,155,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ARGO. Dimensional Fund Advisors LP purchased a new position in Argo Group during the 4th quarter valued at about $190,291,000. BlackRock Inc. purchased a new position in Argo Group during the 4th quarter valued at about $161,071,000. Voce Capital Management LLC purchased a new position in Argo Group during the 4th quarter valued at about $102,840,000. Frontier Capital Management Co. LLC grew its holdings in Argo Group by 2.1% during the 1st quarter. Frontier Capital Management Co. LLC now owns 1,397,552 shares of the company’s stock valued at $98,751,000 after buying an additional 28,560 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in Argo Group during the 4th quarter valued at about $74,341,000.
A number of research analysts have weighed in on the company. Zacks Investment Research raised Argo Group from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Thursday, May 2nd. Boenning Scattergood reaffirmed a “buy” rating and set a $74.00 target price on shares of Argo Group in a report on Tuesday, April 30th. William Blair lowered Argo Group from an “outperform” rating to a “market perform” rating and set a $74.12 target price for the company. in a report on Friday, April 26th. Finally, Compass Point raised Argo Group from a “neutral” rating to a “buy” rating and set a $68.10 target price for the company in a report on Tuesday, March 19th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $73.70.
ARGO stock opened at $71.80 on Friday. Argo Group has a twelve month low of $57.75 and a twelve month high of $78.57.
Argo Group (NASDAQ:ARGO) last issued its quarterly earnings results on Monday, April 29th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.30. The business had revenue of $456.70 million for the quarter, compared to the consensus estimate of $488.65 million.
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.
Further Reading: Stock Symbols and CUSIP Explained
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