Colony Group LLC Takes $2.08 Million Position in Argo Group (NASDAQ:ARGO)

Colony Group LLC acquired a new stake in shares of Argo Group (NASDAQ:ARGO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 30,990 shares of the company’s stock, valued at approximately $2,084,000. Colony Group LLC owned approximately 0.09% of Argo Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hancock Whitney Corp bought a new stake in Argo Group in the fourth quarter worth $825,000. Hillcrest Asset Management LLC purchased a new stake in Argo Group during the fourth quarter valued at $12,515,000. Legal & General Group Plc purchased a new stake in Argo Group during the fourth quarter valued at $1,734,000. Thrivent Financial for Lutherans purchased a new stake in Argo Group during the fourth quarter valued at $9,665,000. Finally, Nuveen Asset Management LLC purchased a new stake in Argo Group during the fourth quarter valued at $21,333,000.

Shares of NASDAQ:ARGO traded up $0.28 during trading on Monday, hitting $72.98. The company had a trading volume of 51,260 shares, compared to its average volume of 127,604. Argo Group has a one year low of $55.10 and a one year high of $72.67.

Argo Group (NASDAQ:ARGO) last posted its quarterly earnings data on Monday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.49. The company had revenue of $483.60 million during the quarter, compared to the consensus estimate of $468.50 million.

ARGO has been the subject of a number of research reports. Zacks Investment Research cut Argo Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Compass Point initiated coverage on Argo Group in a research report on Tuesday, January 15th. They issued a “neutral” rating and a $70.00 price target for the company. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Argo Group presently has an average rating of “Buy” and a consensus target price of $70.82.

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Argo Group 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.

Further Reading: What is the LIBOR?

Institutional Ownership by Quarter for Argo Group (NASDAQ:ARGO)

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