Huntington National Bank Invests $36,000 in Argo Group (NASDAQ:ARGO)

Huntington National Bank acquired a new position in shares of Argo Group (NASDAQ:ARGO) during the 2nd quarter, Holdings Channel reports. The fund acquired 481 shares of the company’s stock, valued at approximately $36,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp bought a new stake in shares of Argo Group during the 4th quarter valued at approximately $11,226,000. Raymond James & Associates bought a new stake in Argo Group during the 4th quarter worth approximately $539,000. Advisor Group Inc. bought a new stake in Argo Group during the 4th quarter worth approximately $179,000. Dimensional Fund Advisors LP bought a new stake in Argo Group during the 4th quarter worth approximately $190,291,000. Finally, Barclays PLC bought a new stake in Argo Group during the 4th quarter worth approximately $167,000.

ARGO has been the topic of a number of research reports. Zacks Investment Research lowered shares of Argo Group from a “hold” rating to a “sell” rating in a report on Wednesday. Boenning Scattergood reissued a “buy” rating and set a $74.00 target price on shares of Argo Group in a report on Tuesday, April 30th. Finally, William Blair lowered shares of Argo Group from an “outperform” rating to a “market perform” rating and set a $74.12 target price on the stock. in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $72.54.

In other news, Director Kathleen Nealon sold 1,210 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $73.10, for a total value of $88,451.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kevin James Rehnberg sold 6,442 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $71.08, for a total transaction of $457,897.36. The disclosure for this sale can be found here.

ARGO opened at $68.76 on Friday. Argo Group has a fifty-two week low of $58.42 and a fifty-two week high of $78.57. The stock’s 50 day simple moving average is $73.13.

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, topping the Zacks’ consensus estimate of $0.88 by $0.30. The firm had revenue of $456.70 million during the quarter, compared to analyst estimates 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: How to calculate the intrinsic value of a stock

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

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