Argo Group (NASDAQ:ARGO) Rating Increased to Outperform at Keefe, Bruyette & Woods

Argo Group (NASDAQ:ARGO) was upgraded by Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report issued on Monday, MarketBeat Ratings reports.

ARGO has been the subject of a number of other reports. TheStreet lowered shares of Argo Group from a “b-” rating to a “c” rating in a report on Wednesday, November 6th. William Blair lowered shares of Argo Group from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Boenning Scattergood lowered shares of Argo Group from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 30th. Finally, Zacks Investment Research lowered shares of Argo Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $74.06.

Shares of NASDAQ ARGO opened at $63.22 on Monday. Argo Group has a twelve month low of $60.36 and a twelve month high of $78.57. The company has a 50 day moving average of $66.64 and a 200 day moving average of $69.99.

Argo Group (NASDAQ:ARGO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.08). The company had revenue of $493.60 million for the quarter, compared to the consensus estimate of $483.37 million.

A number of institutional investors and hedge funds have recently made changes to their positions in ARGO. Nuveen Asset Management LLC raised its stake in Argo Group by 162.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 909,947 shares of the company’s stock valued at $67,382,000 after buying an additional 563,338 shares during the last quarter. Westwood Holdings Group Inc. purchased a new stake in Argo Group during the 2nd quarter valued at $30,739,000. Russell Investments Group Ltd. raised its stake in Argo Group by 186.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 342,189 shares of the company’s stock valued at $24,036,000 after buying an additional 222,557 shares during the last quarter. Janus Henderson Group PLC raised its stake in Argo Group by 16.5% during the 2nd quarter. Janus Henderson Group PLC now owns 1,050,105 shares of the company’s stock valued at $77,760,000 after buying an additional 148,719 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in Argo Group during the 2nd quarter valued at $8,958,000.

Argo Group Company 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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