The stock of Argo Group International Holding (NASDAQ:AGII) registered an increase of 9.74% in short interest. AGII’s total short interest was 402,100 shares in September as published by FINRA. Its up 9.74% from 366,400 shares, reported previously. With 121,000 shares average volume, it will take short sellers 3 days to cover their AGII’s short positions. The short interest to Argo Group International Holding’s float is 1.37%. About 68,872 shares traded hands. Argo Group International Holdings, Ltd. (NASDAQ:AGII) has risen 15.25% since February 8, 2016 and is uptrending. It has underperformed by 1.23% 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 $1.70 billion. The Firm operates through four divisions: Excess and Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. It has a 12.91 P/E ratio. Excess and Surplus Lines segment carriers focus on risks that the standard market is unwilling or unable to underwrite.
The institutional sentiment increased to 2.98 in 2016 Q2. Its up 1.73, from 1.25 in 2016Q1. The ratio improved, 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.
Grace & White Inc Ny holds 2.16% of its portfolio in Argo Group International Holdings, Ltd. for 184,403 shares. Arbor Capital Management Llc owns 59,862 shares or 1.64% of their US portfolio. Moreover, New Vernon Investment Management Llc has 1.36% invested in the company for 30,024 shares. The Alabama-based Mesirow Financial Investment Management has invested 1.1% in the stock. Champlain Investment Partners Llc, a Us-based fund reported 944,027 shares.
Out of 3 analysts covering Argo Group (NASDAQ:AGII), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Argo Group has been the topic of 3 analyst reports since December 10, 2015 according to StockzIntelligence Inc. JMP Securities initiated the stock on June 27 with “Mkt Perform” rating.
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