PenderFund Capital Management Ltd. Increases Stake in Argo Group International Holdings, Ltd. (NYSE:ARGO)

PenderFund Capital Management Ltd. grew its position in shares of Argo Group International Holdings, Ltd. (NYSE:ARGO) by 59.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 32,140 shares of the company’s stock after acquiring an additional 11,970 shares during the period. PenderFund Capital Management Ltd. owned about 0.09% of Argo Group International worth $1,261,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in Argo Group International by 334.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 926 shares of the company’s stock worth $27,000 after purchasing an additional 713 shares in the last quarter. Spire Wealth Management lifted its stake in shares of Argo Group International by 50.0% in the first quarter. Spire Wealth Management now owns 1,680 shares of the company’s stock worth $49,000 after buying an additional 560 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Argo Group International by 148.0% in the first quarter. Nisa Investment Advisors LLC now owns 1,793 shares of the company’s stock worth $53,000 after buying an additional 1,070 shares in the last quarter. Ensign Peak Advisors Inc bought a new stake in shares of Argo Group International during the third quarter valued at approximately $59,000. Finally, Citigroup Inc. lifted its position in Argo Group International by 34.5% in the 1st quarter. Citigroup Inc. now owns 3,976 shares of the company’s stock valued at $116,000 after acquiring an additional 1,019 shares in the last quarter.

Argo Group International Stock Performance

Shares of NYSE:ARGO remained flat at $29.99 during trading on Tuesday. The stock’s 50-day moving average is $29.83 and its two-hundred day moving average is $29.74. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -5.31 and a beta of 0.99. Argo Group International Holdings, Ltd. has a 12 month low of $24.35 and a 12 month high of $30.13.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Argo Group International in a research report on Sunday, October 15th. They set a “hold” rating on the stock.

Argo Group International Company Profile

Argo Group International Holdings, Ltd. underwrites specialty insurance and reinsurance products in the property and casualty markets. The company operates in two segments, U.S. Operations and International Operations. It offers primary and excess specialty casualty, general liability, commercial multi-peril, and workers compensation, as well as product, environmental, and auto liability insurance products; management liability, transaction liability, and errors and omissions liability insurance; primary and excess property, inland marine, and auto physical damage insurance; and surety, animal mortality, and ocean marine insurance products.