State of Tennessee Treasury Department maintained its position in The Navigators Group, Inc. (NASDAQ:NAVG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,805 shares of the insurance provider’s stock at the end of the second quarter. State of Tennessee Treasury Department owned 0.07% of The Navigators Group worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of NAVG. Nationwide Fund Advisors lifted its stake in shares of The Navigators Group by 88.0% in the 1st quarter. Nationwide Fund Advisors now owns 56,562 shares of the insurance provider’s stock valued at $3,071,000 after purchasing an additional 26,469 shares during the period. Profund Advisors LLC lifted its stake in shares of The Navigators Group by 28.0% in the 1st quarter. Profund Advisors LLC now owns 3,893 shares of the insurance provider’s stock valued at $211,000 after purchasing an additional 851 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of The Navigators Group by 55.6% in the 1st quarter. Russell Investments Group Ltd. now owns 63,656 shares of the insurance provider’s stock valued at $3,457,000 after purchasing an additional 22,743 shares during the period. Wells Fargo & Company MN lifted its stake in shares of The Navigators Group by 91.8% in the 1st quarter. Wells Fargo & Company MN now owns 17,658 shares of the insurance provider’s stock valued at $959,000 after purchasing an additional 8,453 shares during the period. Finally, Great West Life Assurance Co. Can lifted its stake in shares of The Navigators Group by 116.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 32,827 shares of the insurance provider’s stock valued at $1,780,000 after purchasing an additional 17,628 shares during the period. 73.91% of the stock is currently owned by institutional investors.

In other The Navigators Group news, SVP R Scott Eisdorfer sold 10,985 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $56.33, for a total transaction of $618,785.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Patricia H. Roberts purchased 1,355 shares of the business’s stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of $55.29 per share, for a total transaction of $74,917.95. Following the transaction, the director now directly owns 3,951 shares of the company’s stock, valued at approximately $218,450.79. The disclosure for this purchase can be found here. Insiders have sold 20,000 shares of company stock worth $1,123,880 in the last ninety days. Insiders own 24.10% of the company’s stock.

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Shares of The Navigators Group, Inc. (NAVG) opened at 56.90 on Monday. The firm has a market cap of $1.68 billion, a P/E ratio of 20.11 and a beta of 0.78. The company’s 50-day moving average price is $55.82 and its 200 day moving average price is $54.30. The Navigators Group, Inc. has a 52 week low of $45.38 and a 52 week high of $62.04.

The Navigators Group (NASDAQ:NAVG) last issued its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.08. The business had revenue of $293.80 million for the quarter, compared to analysts’ expectations of $297.82 million. The Navigators Group had a net margin of 6.86% and a return on equity of 6.53%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. On average, equities analysts anticipate that The Navigators Group, Inc. will post $2.59 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 0.42%. The Navigators Group’s dividend payout ratio (DPR) is currently 8.48%.

A number of research analysts have recently weighed in on NAVG shares. Boenning Scattergood started coverage on The Navigators Group in a research note on Wednesday, June 28th. They issued a “neutral” rating on the stock. ValuEngine downgraded The Navigators Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded The Navigators Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. BidaskClub raised The Navigators Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Finally, Sidoti assumed coverage on The Navigators Group in a research note on Thursday, June 22nd. They set a “neutral” rating and a $58.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The Navigators Group currently has an average rating of “Hold” and a consensus price target of $58.33.

The Navigators Group Company Profile

The Navigators Group, Inc is an insurance holding company. The Company is an international insurance company focused on marine insurance. The Company’s segments include 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 U.S.

Institutional Ownership by Quarter for The Navigators Group (NASDAQ:NAVG)

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