The Navigators Group, Inc. (NAVG) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its stake in shares of The Navigators Group, Inc. (NASDAQ:NAVG) by 2,600.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,268 shares of the insurance provider’s stock after purchasing an additional 2,184 shares during the period. Sei Investments Co.’s holdings in The Navigators Group were worth $132,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in The Navigators Group by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,474,566 shares of the insurance provider’s stock worth $135,854,000 after buying an additional 16,162 shares during the period. Vanguard Group Inc. grew its stake in The Navigators Group by 3.9% during 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 during the period. Frontier Capital Management Co. LLC grew its stake in The Navigators Group by 2.0% during the third quarter. Frontier Capital Management Co. LLC now owns 997,604 shares of the insurance provider’s stock worth $58,210,000 after buying an additional 19,110 shares during the period. Northern Trust Corp grew its stake in The Navigators Group by 1.7% during the second quarter. Northern Trust Corp now owns 991,692 shares of the insurance provider’s stock worth $54,444,000 after buying an additional 16,343 shares during the period. Finally, Atlanta Capital Management Co. L L C grew its stake in The Navigators Group by 17.1% during 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 during the period. 73.97% of the stock is owned by hedge funds and other institutional investors.

NAVG has been the subject of several research reports. ValuEngine downgraded shares of The Navigators Group from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Boenning Scattergood reiterated a “hold” rating on shares of The Navigators Group in a research note on Monday, November 6th. Zacks Investment Research downgraded shares of The Navigators Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods downgraded shares of The Navigators Group from a “market perform” rating to an “underperform” rating and set a $45.00 price objective for the company. in a research note on Wednesday, December 6th. Finally, BidaskClub upgraded shares of The Navigators Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.00.

The Navigators Group, Inc. (NASDAQ:NAVG) opened at $49.25 on Friday. The firm has a market cap of $1,441.23, a price-to-earnings ratio of 53.10 and a beta of 0.78. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.23. The Navigators Group, Inc. has a 52 week low of $45.80 and a 52 week high of $62.03.

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

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were paid a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $0.24 annualized dividend and a dividend yield of 0.49%. The Navigators Group’s dividend payout ratio (DPR) is presently 20.87%.

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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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