Public Sector Pension investment Board trimmed its position in shares of The Navigators Group, Inc. (NASDAQ:NAVG) by 26.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,516 shares of the insurance provider’s stock after selling 4,100 shares during the quarter. Public Sector Pension investment Board’s holdings in The Navigators Group were worth $632,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NAVG. Ameritas Investment Partners Inc. purchased a new stake in The Navigators Group during the 1st quarter valued at about $105,000. Bank of Montreal Can grew its position in The Navigators Group by 4.9% during the 2nd quarter. Bank of Montreal Can now owns 2,073 shares of the insurance provider’s stock valued at $113,000 after purchasing an additional 97 shares during the last quarter. Huntington National Bank grew its position in The Navigators Group by 29.2% during the 2nd quarter. Huntington National Bank now owns 2,183 shares of the insurance provider’s stock valued at $120,000 after purchasing an additional 494 shares during the last quarter. SG Americas Securities LLC grew its position in The Navigators Group by 42.1% during the 1st quarter. SG Americas Securities LLC now owns 2,942 shares of the insurance provider’s stock valued at $160,000 after purchasing an additional 871 shares during the last quarter. Finally, Diversified Trust Co purchased a new stake in The Navigators Group during the 2nd quarter valued at about $200,000. 73.91% of the stock is currently owned by institutional investors.

Several brokerages recently commented on NAVG. Sidoti began coverage on shares of The Navigators Group in a research report on Thursday, June 22nd. They set a “neutral” rating and a $58.00 price objective on the stock. Zacks Investment Research raised shares of The Navigators Group from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Tuesday, October 3rd. Boenning Scattergood reissued a “hold” rating on shares of The Navigators Group in a research report on Friday, August 4th. BidaskClub raised shares of The Navigators Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $55.00 price objective on shares of The Navigators Group in a research report on Thursday, September 21st. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $59.33.

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In other The Navigators Group news, Director Patricia H. Roberts purchased 1,355 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were acquired at an average price of $55.29 per share, for a total transaction of $74,917.95. Following the completion of the purchase, the director now owns 3,951 shares of the company’s stock, valued at $218,450.79. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP R Scott Eisdorfer sold 10,985 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $56.33, for a total value of $618,785.05. The disclosure for this sale can be found here. Insiders have sold 20,000 shares of company stock worth $1,123,880 in the last 90 days. Insiders own 24.10% of the company’s stock.

Shares of The Navigators Group, Inc. (NASDAQ:NAVG) opened at 59.25 on Friday. The Navigators Group, Inc. has a one year low of $45.38 and a one year high of $62.04. The stock’s 50 day moving average is $56.63 and its 200-day moving average is $54.64. The stock has a market cap of $1.75 billion, a P/E ratio of 20.94 and a beta of 0.79.

The Navigators Group (NASDAQ:NAVG) last issued its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.08. The Navigators Group had a return on equity of 6.53% and a net margin of 6.86%. The business had revenue of $293.80 million for the quarter, compared to analyst estimates of $297.82 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. On average, equities analysts forecast that The Navigators Group, Inc. will post $2.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.41%. The Navigators Group’s payout ratio is 8.48%.

The Navigators Group 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.

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

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