BlackRock Institutional Trust Company N.A. boosted its stake in The Navigators Group Inc. (NASDAQ:NAVG) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 309,712 shares of the company’s stock after buying an additional 5,677 shares during the period. BlackRock Institutional Trust Company N.A. owned approximately 2.14% of The Navigators Group worth $25,976,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Fund Advisors increased its position in The Navigators Group by 1.1% in the first quarter. BlackRock Fund Advisors now owns 684,784 shares of the company’s stock valued at $57,433,000 after buying an additional 7,511 shares during the last quarter. BlackRock Group LTD increased its position in The Navigators Group by 8.0% in the first quarter. BlackRock Group LTD now owns 18,240 shares of the company’s stock valued at $1,531,000 after buying an additional 1,346 shares during the last quarter. Teachers Advisors Inc. increased its position in The Navigators Group by 11.7% in the first quarter. Teachers Advisors Inc. now owns 17,753 shares of the company’s stock valued at $1,489,000 after buying an additional 1,853 shares during the last quarter. Aperio Group LLC increased its position in The Navigators Group by 25.1% in the first quarter. Aperio Group LLC now owns 4,767 shares of the company’s stock valued at $400,000 after buying an additional 955 shares during the last quarter. Finally, Moody Aldrich Partners LLC purchased a new position in The Navigators Group during the first quarter valued at $480,000.
Shares of The Navigators Group Inc. (NASDAQ:NAVG) traded up 1.39% on Wednesday, reaching $95.08. The company’s stock had a trading volume of 101,288 shares. The company has a market capitalization of $1.38 billion and a price-to-earnings ratio of 18.12. The company’s 50-day moving average is $90.76 and its 200 day moving average is $85.92. The Navigators Group Inc. has a 12-month low of $72.35 and a 12-month high of $97.18.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Monday, June 20th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Thursday, June 16th.
Several research analysts have commented on NAVG shares. Zacks Investment Research upgraded The Navigators Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Keefe, Bruyette & Woods restated a “hold” rating on shares of The Navigators Group in a research note on Sunday, May 29th.
The Navigators Group, Inc is a holding company. The Company is an international insurance company focused on marine insurance. The Company’s segments are 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 Primary and Excess Casualty divisions.
