Jeff L. Saunders Sells 4,000 Shares of The Navigators Group Inc. (NAVG) Stock
The Navigators Group Inc. (NASDAQ:NAVG) insider Jeff L. Saunders sold 4,000 shares of The Navigators Group stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $93.72, for a total transaction of $374,880.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of The Navigators Group Inc. (NASDAQ:NAVG) opened at 102.05 on Friday. The company has a market cap of $1.49 billion, a PE ratio of 19.39 and a beta of 0.58. The Navigators Group Inc. has a 12 month low of $74.74 and a 12 month high of $103.05. The company has a 50-day moving average of $95.65 and a 200 day moving average of $91.88.
The Navigators Group (NASDAQ:NAVG) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.08. The Navigators Group had a net margin of 6.80% and a return on equity of 6.34%. The company had revenue of $305.30 million for the quarter, compared to the consensus estimate of $283.02 million. During the same quarter in the prior year, the company earned $1.37 EPS. The Navigators Group’s quarterly revenue was up 13.8% on a year-over-year basis. On average, analysts anticipate that The Navigators Group Inc. will post $4.78 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Friday, November 18th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $0.36 annualized dividend and a yield of 0.35%. The Navigators Group’s dividend payout ratio (DPR) is presently 6.83%.
A number of institutional investors have recently modified their holdings of NAVG. BlackRock Fund Advisors increased its position in shares of The Navigators Group by 10.0% in the third quarter. BlackRock Fund Advisors now owns 801,466 shares of the company’s stock valued at $77,678,000 after buying an additional 72,608 shares during the period. Atlanta Capital Management Co. L L C raised its stake in The Navigators Group by 43.1% in the second quarter. Atlanta Capital Management Co. L L C now owns 236,261 shares of the company’s stock valued at $21,729,000 after buying an additional 71,112 shares in the last quarter. Morgan Stanley raised its stake in The Navigators Group by 193.7% in the third quarter. Morgan Stanley now owns 77,258 shares of the company’s stock valued at $7,487,000 after buying an additional 50,956 shares in the last quarter. Matarin Capital Management LLC bought a new stake in The Navigators Group during the third quarter valued at approximately $4,382,000. Finally, Emerald Acquisition Ltd. bought a new stake in The Navigators Group during the second quarter valued at approximately $4,008,000. Institutional investors own 73.33% of the company’s stock.
NAVG has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of The Navigators Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 6th. Sandler O’Neill cut shares of The Navigators Group from a “buy” rating to a “hold” rating in a research report on Monday.
About The Navigators Group
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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