Stock Mover of The Day: Could Argo Group International Holdings, Ltd. Go Down After Achieving All-Time High?

Stock Mover of The Day: Could Argo Group International Holdings, Ltd. Go Down After Achieving All Time High?

The stock of Argo Group International Holdings, Ltd. (NASDAQ:AGII) reached all time high today, Nov, 14 and still has $99.14 target or 53.00% above today’s $64.80 share price. This indicates more upside for the $1.98 billion company. This technical setup was reported by Barchart.com. If the $99.14 PT is reached, the company will be worth $1.05 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 90,496 shares traded hands. Argo Group International Holdings, Ltd. (NASDAQ:AGII) has risen 24.33% since April 12, 2016 and is uptrending. It has outperformed by 19.35% the S&P500.

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. On Thursday, December 10 the stock rating was initiated by Piper Jaffray with “Overweight”. The stock of Argo Group International Holdings, Ltd. (NASDAQ:AGII) earned “Mkt Perform” rating by JMP Securities on Monday, June 27. The company was maintained on Friday, May 13 by Keefe Bruyette & Woods.

According to Zacks Investment Research, “PXRE Group Ltd. provides reinsurance products and services to a worldwide marketplace. They primarily emphasize commercial and personal property and casualty reinsurance risks, and offer both broker-based and direct-writing distribution capabilities. PXRE also provides marine and aerospace reinsurance products and services.”

Insitutional Activity: The institutional sentiment increased to 2.98 in 2016 Q2. Its up 1.73, from 1.25 in 2016Q1. The ratio increased, 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.
Victory Mngmt accumulated 606,073 shares or 0.13% of the stock. Inv Counselors Of Maryland accumulated 140,274 shares or 0.4% of the stock. Champlain Inv Ltd Limited Liability Company accumulated 944,027 shares or 0.84% of the stock. Blackrock holds 0% of its portfolio in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 10,324 shares. Moreover, Strs Ohio has 0% invested in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 20,130 shares. Mufg Americas Hldgs holds 0% of its portfolio in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 430 shares. Fifth Third Savings Bank has 242 shares for 0% of their US portfolio. Sei, a Pennsylvania-based fund reported 16,151 shares. Moreover, Geode Management Llc has 0.01% invested in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 218,027 shares. Moreover, James Research has 0.56% invested in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 430,243 shares. Moreover, State Common Retirement Fund has 0% invested in Argo Group International Holdings, Ltd. (NASDAQ:AGII) for 29,370 shares. Tudor Invest Et Al accumulated 0.03% or 27,539 shares. Morgan Stanley accumulated 0% or 155,522 shares. Natl Bank Of Nova Scotia has invested 0.01% of its portfolio in Argo Group International Holdings, Ltd. (NASDAQ:AGII). Eqis Capital Inc holds 0.02% or 5,391 shares in its portfolio.

More news for Argo Group International Holdings, Ltd. (NASDAQ:AGII) were recently published by: Businesswire.com, which released: “Argo Group Announces Acquisition of Ariel Re” on November 14, 2016. Businesswire.com‘s article titled: “Argo Group Hires Jose A. Hernandez as Head of International Businesses and …” and published on September 29, 2016 is yet another important article.

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.

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