GSA Capital Partners LLP acquired a new position in Navigators Group Inc (NASDAQ:NAVG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 27,739 shares of the insurance provider’s stock, valued at approximately $1,581,000. GSA Capital Partners LLP owned about 0.09% of Navigators Group at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NAVG. Matarin Capital Management LLC bought a new position in shares of Navigators Group during the 1st quarter valued at approximately $7,220,000. Heartland Advisors Inc. increased its position in shares of Navigators Group by 162.6% during the 2nd quarter. Heartland Advisors Inc. now owns 164,370 shares of the insurance provider’s stock valued at $9,369,000 after purchasing an additional 101,767 shares during the last quarter. TD Asset Management Inc. bought a new position in shares of Navigators Group during the 2nd quarter valued at approximately $4,007,000. Frontier Capital Management Co. LLC boosted its holdings in Navigators Group by 5.3% during the 1st quarter. Frontier Capital Management Co. LLC now owns 977,695 shares of the insurance provider’s stock valued at $56,364,000 after acquiring an additional 49,520 shares during the period. Finally, Martingale Asset Management L P boosted its holdings in Navigators Group by 30.3% during the 2nd quarter. Martingale Asset Management L P now owns 78,829 shares of the insurance provider’s stock valued at $4,494,000 after acquiring an additional 18,321 shares during the period. 75.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of NAVG stock opened at $69.55 on Friday. Navigators Group Inc has a twelve month low of $45.80 and a twelve month high of $70.20. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 59.96 and a beta of 0.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.41 and a quick ratio of 0.41.

Navigators Group (NASDAQ:NAVG) last issued its quarterly earnings data on Wednesday, August 8th. The insurance provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.23. The firm had revenue of $358.24 million during the quarter, compared to analysts’ expectations of $356.13 million. Navigators Group had a return on equity of 4.52% and a net margin of 4.44%. equities analysts forecast that Navigators Group Inc will post 3.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Friday, August 31st will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Thursday, August 30th. Navigators Group’s dividend payout ratio (DPR) is currently 24.14%.

A number of research firms recently issued reports on NAVG. Boenning Scattergood restated a “hold” rating on shares of Navigators Group in a report on Wednesday, August 22nd. BidaskClub upgraded Navigators Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. ValuEngine upgraded Navigators Group from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Sandler O’Neill upgraded Navigators Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Finally, Zacks Investment Research upgraded Navigators Group from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective for the company in a report on Friday, July 20th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $65.67.

In related news, insider Colin Sprott sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $61.03, for a total transaction of $61,030.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 22.00% of the company’s stock.

Navigators Group Company Profile

The Navigators Group, Inc, together with its subsidiaries, underwrites marine, property and casualty, and professional liability insurance products and services in the United States and internationally. The company operates through the U.S. Insurance, International Insurance, Global Reinsurance, and Corporate segments.

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

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