SG Americas Securities LLC Has $257,000 Stock Position in Argo Group International Holdings, Ltd. (NYSE:ARGO)

SG Americas Securities LLC decreased its stake in shares of Argo Group International Holdings, Ltd. (NYSE:ARGO – Get Rating) by 28.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,934 shares of the company’s stock after selling 3,961 shares during the period. SG Americas Securities LLC’s holdings in Argo Group International were worth $257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ARGO. Point72 Hong Kong Ltd lifted its position in Argo Group International by 515.8% during the 3rd quarter. Point72 Hong Kong Ltd now owns 1,324 shares of the company’s stock worth $26,000 after buying an additional 1,109 shares in the last quarter. CWM LLC lifted its position in Argo Group International by 2,751.0% during the 3rd quarter. CWM LLC now owns 1,454 shares of the company’s stock worth $28,000 after buying an additional 1,403 shares in the last quarter. Ensign Peak Advisors Inc acquired a new position in Argo Group International during the 3rd quarter worth about $59,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Argo Group International by 17.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,760 shares of the company’s stock worth $123,000 after buying an additional 701 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in Argo Group International during the 3rd quarter worth about $124,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Argo Group International Price Performance

Shares of ARGO stock opened at $29.39 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The company has a market cap of $1.03 billion, a PE ratio of -5.53 and a beta of 1.03. The company has a 50-day moving average of $29.43. Argo Group International Holdings, Ltd. has a one year low of $19.00 and a one year high of $44.18.

Argo Group International (NYSE:ARGO – Get Rating) last announced its quarterly earnings results on Monday, February 27th. The company reported ($2.69) EPS for the quarter, missing analysts’ consensus estimates of ($1.62) by ($1.07). The company had revenue of $379.40 million during the quarter, compared to the consensus estimate of $504.90 million. Argo Group International had a negative net margin of 9.98% and a positive return on equity of 0.06%. As a group, research analysts anticipate that Argo Group International Holdings, Ltd. will post 2.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Raymond James downgraded shares of Argo Group International from a “market perform” rating to an “underperform” rating in a research report on Tuesday, February 28th. StockNews.com assumed coverage on shares of Argo Group International in a research report on Friday, April 21st. They set a “hold” rating on the stock. Finally, Compass Point downgraded shares of Argo Group International from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Monday, March 13th.

About Argo Group International

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Argo Group International Holdings Ltd. engages in the provision of underwriting property and casualty insurance and reinsurance products. It operates through the following segments: U.S. Operations, International Operations, and Run-off Lines. The U.S. Operations segment include distribution through retail, wholesale, and managing general brokers/agents in the specialty insurance market.