Nationwide Fund Advisors Reduces Holdings in The Navigators Group, Inc. (NAVG)

Nationwide Fund Advisors reduced its position in The Navigators Group, Inc. (NASDAQ:NAVG) by 19.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,931 shares of the insurance provider’s stock after selling 10,921 shares during the period. Nationwide Fund Advisors owned about 0.15% of The Navigators Group worth $2,563,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bank of Montreal Can increased its position in The Navigators Group by 4.9% in the 2nd quarter. Bank of Montreal Can now owns 2,073 shares of the insurance provider’s stock worth $113,000 after purchasing an additional 97 shares during the last quarter. Neuberger Berman Group LLC acquired a new position in The Navigators Group in the 2nd quarter worth about $202,000. BlueCrest Capital Management Ltd acquired a new position in The Navigators Group in the 2nd quarter worth about $241,000. DF Dent & Co. Inc. acquired a new position in The Navigators Group in the 2nd quarter worth about $253,000. Finally, Piedmont Investment Advisors LLC acquired a new position in The Navigators Group in the 2nd quarter worth about $266,000. 73.95% of the stock is currently owned by institutional investors.

The Navigators Group, Inc. (NASDAQ:NAVG) opened at $48.75 on Thursday. 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 company has a market capitalization of $1,461.89, a PE ratio of 53.86 and a beta of 0.78. The Navigators Group, Inc. has a fifty-two week low of $45.80 and a fifty-two week high of $61.81.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Wednesday, November 22nd. The Navigators Group’s dividend payout ratio is 20.87%.

NAVG has been the topic of several research reports. BidaskClub raised The Navigators Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research lowered The Navigators Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $55.00 target price on shares of The Navigators Group in a research report on Thursday, September 21st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of The Navigators Group in a research report on Monday, November 6th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $56.00.

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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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