Prudential Financial Inc. Takes $274,000 Position in Argo Group (ARGO)

Prudential Financial Inc. acquired a new position in Argo Group (NASDAQ:ARGO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,075 shares of the company’s stock, valued at approximately $274,000.

Other institutional investors have also modified their holdings of the company. James Investment Research Inc. acquired a new stake in shares of Argo Group in the fourth quarter valued at $46,000. Nisa Investment Advisors LLC acquired a new stake in shares of Argo Group in the fourth quarter valued at $59,000. Quantamental Technologies LLC acquired a new stake in shares of Argo Group in the fourth quarter valued at $124,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Argo Group in the fourth quarter valued at $161,000. Finally, Virtu Financial LLC purchased a new position in Argo Group in the fourth quarter valued at $263,000.

Shares of ARGO stock traded up $0.18 during mid-day trading on Friday, hitting $73.59. 79,778 shares of the stock were exchanged, compared to its average volume of 123,256. Argo Group has a 12-month low of $55.10 and a 12-month high of $74.36.

Argo Group (NASDAQ:ARGO) last released its quarterly earnings results on Monday, February 11th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.49. The company had revenue of $483.60 million for the quarter, compared to analysts’ expectations of $468.50 million.

Several equities analysts recently commented on ARGO shares. Compass Point raised Argo Group from a “neutral” rating to a “buy” rating and set a $68.10 target price on the stock in a report on Tuesday, March 19th. Zacks Investment Research raised Argo Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Monday, January 14th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Argo Group 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.

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

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