Keefe, Bruyette & Woods reaffirmed their hold rating on shares of The Navigators Group, Inc. (NASDAQ:NAVG) in a report issued on Thursday morning. The brokerage currently has a $55.00 price target on the insurance provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of The Navigators Group from a hold rating to a buy rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of The Navigators Group from a hold rating to a buy rating and set a $62.00 price objective for the company in a research report on Tuesday, September 5th. ValuEngine cut shares of The Navigators Group from a buy rating to a hold rating in a research report on Friday, June 2nd. Boenning Scattergood restated a hold rating on shares of The Navigators Group in a research report on Friday, August 4th. Finally, Sidoti started coverage on shares of The Navigators Group in a research report on Thursday, June 22nd. They issued a neutral rating and a $58.00 price objective for the company. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $58.33.

Shares of The Navigators Group (NASDAQ NAVG) opened at 56.90 on Thursday. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 20.11 and a beta of 0.78. The Navigators Group has a 52 week low of $45.38 and a 52 week high of $62.04. The stock has a 50 day moving average of $55.82 and a 200-day moving average of $54.30.

The Navigators Group (NASDAQ:NAVG) last posted its quarterly earnings data on Thursday, August 3rd. The insurance provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.08. The firm had revenue of $293.80 million during 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 company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 EPS. Analysts expect that The Navigators Group will post $2.59 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend was Tuesday, August 22nd. The Navigators Group’s dividend payout ratio (DPR) is presently 8.48%.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Great West Life Assurance Co. Can boosted its stake in shares of The Navigators Group by 3.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 33,907 shares of the insurance provider’s stock valued at $1,857,000 after purchasing an additional 1,080 shares during the last quarter. Swiss National Bank boosted its stake in shares of The Navigators Group by 100.0% in the 1st quarter. Swiss National Bank now owns 40,800 shares of the insurance provider’s stock valued at $2,215,000 after purchasing an additional 20,400 shares during the last quarter. Nationwide Fund Advisors boosted 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 last quarter. Stevens Capital Management LP bought a new position in shares of The Navigators Group in the 1st quarter valued at about $248,000. Finally, American International Group Inc. boosted its stake in shares of The Navigators Group by 68.4% in the 1st quarter. American International Group Inc. now owns 13,810 shares of the insurance provider’s stock valued at $750,000 after purchasing an additional 5,610 shares during the last quarter. 73.91% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for The Navigators Group (NASDAQ:NAVG)

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