3,650 Shares in The Navigators Group, Inc. (NASDAQ:NAVG) Acquired by Diversified Trust Co

Diversified Trust Co acquired a new stake in The Navigators Group, Inc. (NASDAQ:NAVG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,650 shares of the insurance provider’s stock, valued at approximately $200,000.

A number of other hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of The Navigators Group by 94,039.4% in the first quarter. BlackRock Inc. now owns 2,766,756 shares of the insurance provider’s stock valued at $150,236,000 after buying an additional 2,763,817 shares during the period. Dimensional Fund Advisors LP increased its position in shares of The Navigators Group by 99.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,458,404 shares of the insurance provider’s stock worth $133,491,000 after buying an additional 1,227,194 shares in the last quarter. Vanguard Group Inc. increased its position in shares of The Navigators Group by 113.4% in the first quarter. Vanguard Group Inc. now owns 2,162,874 shares of the insurance provider’s stock worth $117,444,000 after buying an additional 1,149,369 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of The Navigators Group by 94.4% in the first quarter. Diamond Hill Capital Management Inc. now owns 1,533,060 shares of the insurance provider’s stock worth $83,245,000 after buying an additional 744,454 shares in the last quarter. Finally, Champlain Investment Partners LLC increased its position in shares of The Navigators Group by 129.7% in the first quarter. Champlain Investment Partners LLC now owns 1,069,640 shares of the insurance provider’s stock worth $58,081,000 after buying an additional 603,990 shares in the last quarter. Institutional investors and hedge funds own 72.96% of the company’s stock.

Shares of The Navigators Group, Inc. (NASDAQ:NAVG) traded up 0.72% during midday trading on Wednesday, hitting $56.10. 40,281 shares of the company traded hands. The company has a 50-day moving average price of $55.57 and a 200-day moving average price of $54.37. The stock has a market capitalization of $1.65 billion, a P/E ratio of 19.82 and a beta of 0.77. The Navigators Group, Inc. has a 52 week low of $45.38 and a 52 week high of $62.04.

The Navigators Group (NASDAQ:NAVG) last posted its earnings results on Thursday, August 3rd. The insurance provider reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.08. The Navigators Group had a net margin of 6.86% and a return on equity of 6.53%. The company had revenue of $293.80 million during the quarter, compared to analysts’ expectations of $297.82 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The Navigators Group’s revenue for the quarter was up 9.7% compared to the same quarter last year. Analysts anticipate that The Navigators Group, Inc. will post $2.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 0.43%. The Navigators Group’s payout ratio is 8.48%.

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A number of equities analysts have weighed in on NAVG shares. Zacks Investment Research raised shares of The Navigators Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. ValuEngine downgraded shares of The Navigators Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Boenning Scattergood reaffirmed a “hold” rating on shares of The Navigators Group in a research note on Friday, August 4th. Finally, Sidoti started coverage on shares of The Navigators Group in a research note on Thursday, June 22nd. They set a “neutral” rating and a $58.00 target price for the company. Six research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $59.50.

In related news, CEO Stanley A. Galanski sold 25,000 shares of the stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $54.12, for a total transaction of $1,353,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP R Scott Eisdorfer sold 10,985 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $56.33, for a total transaction of $618,785.05. The disclosure for this sale can be found here. Insiders have sold 69,517 shares of company stock valued at $3,751,607 in the last three months. 24.10% of the stock is currently owned by corporate insiders.

The Navigators Group Company Profile

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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