State of Tennessee Treasury Department reduced its position in The Navigators Group, Inc. (NASDAQ:NAVG) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,568 shares of the insurance provider’s stock after selling 1,237 shares during the period. State of Tennessee Treasury Department owned 0.07% of The Navigators Group worth $1,142,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NAVG. State Street Corp lifted its position in shares of The Navigators Group by 111.1% in the first quarter. State Street Corp now owns 544,910 shares of the insurance provider’s stock worth $29,586,000 after buying an additional 286,756 shares in the last quarter. Westpac Banking Corp purchased a new stake in shares of The Navigators Group in the third quarter worth about $8,034,000. Geode Capital Management LLC lifted its position in shares of The Navigators Group by 121.7% in the first quarter. Geode Capital Management LLC now owns 192,397 shares of the insurance provider’s stock worth $10,447,000 after buying an additional 105,612 shares in the last quarter. Atlanta Capital Management Co. L L C lifted its position in shares of The Navigators Group by 17.1% in the second quarter. Atlanta Capital Management Co. L L C now owns 662,360 shares of the insurance provider’s stock worth $36,364,000 after buying an additional 96,839 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of The Navigators Group by 3.9% in the second quarter. Vanguard Group Inc. now owns 2,246,404 shares of the insurance provider’s stock worth $123,328,000 after buying an additional 83,530 shares in the last quarter. Institutional investors own 74.52% of the company’s stock.

Shares of The Navigators Group, Inc. (NASDAQ:NAVG) opened at $50.80 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.44 and a current ratio of 0.44. The Navigators Group, Inc. has a 52 week low of $49.80 and a 52 week high of $62.03. The firm has a market capitalization of $1,497.29, a P/E ratio of 55.16 and a beta of 0.84.

The Navigators Group (NASDAQ:NAVG) last issued its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.00) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by ($0.37). The Navigators Group had a return on equity of 2.32% and a net margin of 2.79%. The company had revenue of $326.47 million for the quarter, compared to the consensus estimate of $307.12 million. During the same period in the previous year, the firm earned $1.40 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. equities analysts predict that The Navigators Group, Inc. will post 0.93 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.24 annualized dividend and a yield of 0.47%. The Navigators Group’s payout ratio is currently 20.87%.

In other The Navigators Group news, SVP R Scott Eisdorfer sold 2,200 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $55.82, for a total transaction of $122,804.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 24.10% of the company’s stock.

A number of equities research analysts recently commented on the company. Boenning Scattergood reiterated a “hold” rating on shares of The Navigators Group in a research report on Friday, August 4th. Zacks Investment Research upgraded The Navigators Group from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Tuesday, October 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $56.00 target price on shares of The Navigators Group in a research report on Monday, October 16th. BidaskClub upgraded The Navigators Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Finally, ValuEngine downgraded The Navigators Group from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $59.67.

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About The Navigators Group

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.

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

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