First Trust Advisors LP purchased a new position in Argo Group (NASDAQ:ARGO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,626 shares of the company’s stock, valued at approximately $580,000.
A number of other large investors have also modified their holdings of the business. First Hawaiian Bank purchased a new position in Argo Group in the fourth quarter valued at about $358,000. Virtu Financial LLC purchased a new position in Argo Group in the fourth quarter valued at about $263,000. Boston Advisors LLC purchased a new position in Argo Group in the fourth quarter valued at about $527,000. Nisa Investment Advisors LLC purchased a new position in Argo Group in the fourth quarter valued at about $59,000. Finally, Peregrine Capital Management LLC purchased a new position in Argo Group in the fourth quarter valued at about $31,446,000.
A number of analysts have weighed in on ARGO shares. Compass Point raised Argo Group from a “neutral” rating to a “buy” rating and set a $68.10 price target for the company in a research report on Tuesday, March 19th. Zacks Investment Research upgraded Argo Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Thursday, January 3rd. One equities research 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 stock. The company currently has a consensus rating of “Buy” and a consensus price target of $70.82.
Argo Group (NASDAQ:ARGO) last issued its quarterly earnings results on Monday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.49. The business had revenue of $483.60 million for the quarter, compared to analysts’ expectations of $468.50 million.
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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.
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