Shorts On Watch: Is Argo Group International Holding (NASDAQ:AGII)’s Fuel Running Low? Reports Show More Sellers

November 23, 2016 - By Hazel Jackson   ·   0 Comments

Shorts On Watch: Is Argo Group International Holding (NASDAQ:AGII)’s Fuel Running Low? Reports Show More Sellers

The stock of Argo Group International Holding (NASDAQ:AGII) registered an increase of 0.34% in short interest. AGII’s total short interest was 325,300 shares in November as published by FINRA. Its up 0.34% from 324,200 shares, reported previously. With 93,500 shares average volume, it will take short sellers 4 days to cover their AGII’s short positions. The short interest to Argo Group International Holding’s float is 1.11%. About 118,375 shares traded hands. Argo Group International Holdings, Ltd. (NASDAQ:AGII) has risen 28.51% since April 21, 2016 and is uptrending. It has outperformed by 23.18% the S&P500.

Argo Group International Holdings, Ltd. is an underwriter of specialty insurance and reinsurance products in the property and casualty market. The company has a market cap of $1.93 billion. The Firm operates through four divisions: Excess and Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. It has a 12.88 P/E ratio. Excess and Surplus Lines segment carriers focus on risks that the standard market is unwilling or unable to underwrite.

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 1.98, from 2.98 in 2016Q1. The ratio fall, as 24 funds sold all Argo Group International Holdings, Ltd. shares owned while 21 reduced positions. 14 funds bought stakes while 120 increased positions. They now own 25.81 million shares or 4.74% more from 24.64 million shares in 2016Q1.
Raymond James Services Advsrs holds 0.01% or 12,808 shares in its portfolio. Invesco Limited has invested 0% of its portfolio in Argo Group International Holdings, Ltd. (NASDAQ:AGII). Moreover, Blackrock Advisors Ltd Liability Corp has 0% invested in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 14,134 shares. Moreover, Blackrock has 0% invested in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 10,324 shares. Brandywine Investment Mngmt has 102,354 shares for 0.04% of their US portfolio. Numeric Invsts Ltd Com has 0.09% invested in the company for 191,991 shares. Gabelli Funds Ltd Liability has 0.03% invested in the company for 114,037 shares. Lazard Asset Management Ltd Company has invested 0.03% of its portfolio in Argo Group International Holdings, Ltd. (NASDAQ:AGII). State Board Of Administration Of Florida Retirement System owns 22,802 shares or 0% of their US portfolio. The Texas-based Hbk Invs Ltd Partnership has invested 0% in Argo Group International Holdings, Ltd. (NASDAQ:AGII). Hillsdale Mngmt accumulated 0.11% or 7,298 shares. Credit Suisse Ag reported 33,348 shares or 0% of all its holdings. Qs Invsts Limited Liability, a New York-based fund reported 2,444 shares. Deere And accumulated 0.02% or 7,134 shares. Moreover, Guggenheim Ltd has 0.01% invested in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 49,841 shares.

Argo Group International Holdings, Ltd. (NASDAQ:AGII) Ratings Coverage

Out of 4 analysts covering Argo Group International Holdings (NASDAQ:AGII), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Argo Group International Holdings has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Thursday, December 10 by Piper Jaffray. The stock of Argo Group International Holdings, Ltd. (NASDAQ:AGII) has “Market Perform” rating given on Friday, May 13 by Keefe Bruyette & Woods. The stock of Argo Group International Holdings, Ltd. (NASDAQ:AGII) earned “Mkt Perform” rating by JMP Securities on Monday, June 27.

AGII Company Profile

Argo Group International Holdings, Ltd., incorporated on June 1, 1999, is an underwriter of specialty insurance and reinsurance products in the property and casualty market. The Firm operates through four divisions: Excess and Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. Excess and Surplus Lines segment carriers focus on risks that the standard (admitted) market is unwilling or unable to underwrite. Commercial Specialty segment provides property, casualty and surety coverages designed to meet the insurance needs of businesses within certain markets. International Specialty segment underwrites insurance and reinsurance risks. The Syndicate 1200 segment underwrites around the world property, specialty and non-United States liability insurance.

More important recent Argo Group International Holdings, Ltd. (NASDAQ:AGII) news were published by: Businesswire.com which released: “A.M. Best Affirms Credit Ratings of Argo Group International Holdings, Ltd …” on November 16, 2016, also Marketwatch.com published article titled: “Argo Group International Holdings Ltd.”, Businesswire.com published: “Argo Group Announces Acquisition of Ariel Re” on November 14, 2016. More interesting news about Argo Group International Holdings, Ltd. (NASDAQ:AGII) was released by: Quotes.Wsj.com and their article: “News Argo Group International Holdings Ltd.AGII” with publication date: February 11, 2011.

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By Hazel Jackson


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