Mint Tower Capital Management B.V. purchased a new position in shares of Navigators Group Inc (NASDAQ:NAVG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,500 shares of the insurance provider’s stock, valued at approximately $104,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in NAVG. Gagnon Securities LLC purchased a new stake in Navigators Group during the 2nd quarter worth about $9,699,000. Millennium Management LLC lifted its holdings in Navigators Group by 618.3% during the 2nd quarter. Millennium Management LLC now owns 329,199 shares of the insurance provider’s stock worth $18,764,000 after buying an additional 283,368 shares during the last quarter. Gabelli Funds LLC purchased a new stake in Navigators Group during the 3rd quarter worth about $7,687,000. Heartland Advisors Inc. lifted its holdings in Navigators Group by 162.6% during the 2nd quarter. Heartland Advisors Inc. now owns 164,370 shares of the insurance provider’s stock worth $9,369,000 after buying an additional 101,767 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Navigators Group by 22.1% during the 2nd quarter. Renaissance Technologies LLC now owns 548,892 shares of the insurance provider’s stock worth $31,287,000 after buying an additional 99,492 shares during the last quarter. 74.50% of the stock is owned by institutional investors.

NAVG opened at $69.30 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 0.41. Navigators Group Inc has a one year low of $45.80 and a one year high of $71.45. The stock has a market cap of $2.08 billion, a PE ratio of 59.74 and a beta of 0.56.

Navigators Group (NASDAQ:NAVG) last posted its earnings results on Wednesday, November 7th. The insurance provider reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.52). Navigators Group had a return on equity of 7.28% and a net margin of 6.54%. The firm had revenue of $374.41 million for the quarter, compared to analyst estimates of $373.96 million. As a group, equities research analysts anticipate that Navigators Group Inc will post 3.35 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, November 30th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, November 29th. Navigators Group’s dividend payout ratio (DPR) is currently 24.14%.

A number of analysts have issued reports on the company. Zacks Investment Research downgraded Navigators Group from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub upgraded Navigators Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 24th. ValuEngine upgraded Navigators Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Sandler O’Neill upgraded Navigators Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Navigators Group in a research report on Wednesday, August 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $65.67.

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About Navigators Group

The Navigators Group, Inc, together with its subsidiaries, underwrites marine, property and casualty, and professional liability insurance products and services in the United States and internationally. The company operates through the U.S. Insurance, International Insurance, Global Reinsurance, and Corporate segments.

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

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