William Blair lowered shares of The Navigators Group Inc. (NASDAQ:NAVG) from an outperform rating to a market perform rating in a research report sent to investors on Thursday.

A number of other brokerages have also issued reports on NAVG. Sandler O’Neill lowered The Navigators Group from a buy rating to a hold rating in a research report on Monday, November 7th. Zacks Investment Research upgraded The Navigators Group from a strong sell rating to a hold rating in a research report on Thursday, October 6th.

The Navigators Group (NASDAQ:NAVG) traded up 0.19% on Thursday, reaching $104.00. 13,908 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $96.88 and a 200-day moving average price of $92.68. The Navigators Group has a 1-year low of $74.74 and a 1-year high of $107.80. The company has a market capitalization of $1.51 billion, a PE ratio of 19.76 and a beta of 0.58.

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, beating the Zacks’ consensus estimate of $1.32 by $0.08. The Navigators Group had a return on equity of 6.34% and a net margin of 6.80%. The business earned $305.30 million during the quarter, compared to the consensus estimate of $283.02 million. During the same period in the previous year, the business earned $1.37 EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. On average, equities research analysts anticipate that The Navigators Group will post $4.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders 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 dividend yield of 0.35%. The Navigators Group’s dividend payout ratio (DPR) is 6.83%.

In other news, insider Jeff L. Saunders sold 4,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $93.72, for a total transaction of $374,880.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP R Scott Eisdorfer sold 2,000 shares of the business’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $104.69, for a total value of $209,380.00. The disclosure for this sale can be found here. 24.20% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Glenmede Trust Co. NA raised its position in The Navigators Group by 37.7% in the second quarter. Glenmede Trust Co. NA now owns 1,162 shares of the company’s stock valued at $106,000 after buying an additional 318 shares during the last quarter. Huntington National Bank raised its position in The Navigators Group by 18.2% in the third quarter. Huntington National Bank now owns 1,186 shares of the company’s stock valued at $115,000 after buying an additional 183 shares during the last quarter. PineBridge Investments L.P. raised its position in The Navigators Group by 4.5% in the second quarter. PineBridge Investments L.P. now owns 1,401 shares of the company’s stock valued at $128,000 after buying an additional 60 shares during the last quarter. Societe Generale acquired a new position in The Navigators Group during the second quarter valued at $135,000. Finally, SG Americas Securities LLC acquired a new position in The Navigators Group during the second quarter valued at $135,000. 73.06% of the stock is currently owned by institutional investors.

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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