The Navigators Group Inc. (NASDAQ:NAVG) SVP R Scott Eisdorfer sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $104.69, for a total transaction of $209,380.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

R Scott Eisdorfer also recently made the following trade(s):

  • On Thursday, August 25th, R Scott Eisdorfer sold 2,760 shares of The Navigators Group stock. The stock was sold at an average price of $92.44, for a total transaction of $255,134.40.

The Navigators Group Inc. (NASDAQ:NAVG) opened at 103.80 on Friday. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 19.72 and a beta of 0.58. The Navigators Group Inc. has a 52-week low of $74.74 and a 52-week high of $107.80. The firm has a 50-day moving average of $96.88 and a 200 day moving average of $92.68.

The Navigators Group (NASDAQ:NAVG) last released its quarterly earnings results on Thursday, November 3rd. The company reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.08. The firm had revenue of $305.30 million for the quarter, compared to analyst estimates of $283.02 million. The Navigators Group had a net margin of 6.80% and a return on equity of 6.34%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 earnings per share. On average, equities research analysts forecast that The Navigators Group Inc. will post $4.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Friday, November 18th will be given a $0.09 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $0.36 dividend on an annualized basis and a yield of 0.35%. The Navigators Group’s dividend payout ratio (DPR) is presently 6.83%.

Several research analysts have issued reports on the stock. Zacks Investment Research lowered shares of The Navigators Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 9th. William Blair lowered shares of The Navigators Group from an “outperform” rating to a “market perform” rating in a research report on Thursday. Finally, Sandler O’Neill lowered shares of The Navigators Group from a “buy” rating to a “hold” rating in a research report on Monday, November 7th.

A number of institutional investors have recently added to or reduced their stakes in NAVG. Teachers Advisors Inc. raised its position in The Navigators Group by 11.7% in the first quarter. Teachers Advisors Inc. now owns 17,753 shares of the company’s stock worth $1,489,000 after buying an additional 1,853 shares during the period. BlackRock Group LTD raised its position in The Navigators Group by 8.0% in the first quarter. BlackRock Group LTD now owns 18,240 shares of the company’s stock worth $1,531,000 after buying an additional 1,346 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in The Navigators Group by 1.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 309,712 shares of the company’s stock worth $25,976,000 after buying an additional 5,677 shares during the period. Jacobs Levy Equity Management Inc. raised its position in The Navigators Group by 18.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 22,345 shares of the company’s stock worth $1,874,000 after buying an additional 3,410 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its position in The Navigators Group by 5.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 9,618 shares of the company’s stock worth $807,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 73.06% of the company’s stock.

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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