The Navigators Group Inc. (NAVG) Trading 6.6% Higher
The Navigators Group Inc. (NASDAQ:NAVG) traded up 6.6% during trading on Tuesday . The stock traded as high as $95.00 and last traded at $93.78, with a volume of 259,644 shares traded. The stock had previously closed at $87.97.
Several equities research analysts have commented on the company. Keefe, Bruyette & Woods restated a “hold” rating on shares of The Navigators Group in a research note on Sunday, May 29th. Zacks Investment Research upgraded The Navigators Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 16th.
The company has a market capitalization of $1.36 billion and a price-to-earnings ratio of 17.87. The stock’s 50 day moving average price is $90.68 and its 200-day moving average price is $85.85.
The Navigators Group (NASDAQ:NAVG) last issued its earnings results on Thursday, May 5th. The company reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.14. During the same period last year, the firm earned $1.43 earnings per share. Equities research analysts expect that The Navigators Group Inc. will post $4.83 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Monday, June 20th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Thursday, June 16th.
Several institutional investors recently modified their holdings of the company. Matarin Capital Management LLC bought a new position in shares of The Navigators Group during the fourth quarter worth about $3,977,000. Jennison Associates LLC acquired a new stake in shares of The Navigators Group during the fourth quarter valued at approximately $1,032,000. Principal Financial Group Inc. boosted its stake in shares of The Navigators Group by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 75,189 shares of the company’s stock valued at $6,450,000 after buying an additional 3,273 shares during the period. Bank of Montreal Can boosted its stake in shares of The Navigators Group by 433.8% in the fourth quarter. Bank of Montreal Can now owns 25,525 shares of the company’s stock valued at $2,190,000 after buying an additional 20,743 shares during the period. Finally, Boston Partners boosted its stake in shares of The Navigators Group by 6.1% in the fourth quarter. Boston Partners now owns 113,207 shares of the company’s stock valued at $9,712,000 after buying an additional 6,525 shares during the period.
The Navigators Group, Inc is a holding company. The Company is an international insurance company focused on marine insurance. The Company’s segments are U.S. Insurance, International Insurance (Int’l Insurance), Global Reinsurance (GlobalRe) and Corporate. The Company’s Property and Casualty (P&C) insurance business primarily offers general liability coverage, and umbrella and excess liability coverage to commercial enterprises through its Primary and Excess Casualty divisions.
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