Bank of Montreal Can Buys 1,071 Shares of Navigators Group Inc (NAVG)

Bank of Montreal Can lifted its stake in Navigators Group Inc (NASDAQ:NAVG) by 30.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,585 shares of the insurance provider’s stock after acquiring an additional 1,071 shares during the period. Bank of Montreal Can’s holdings in Navigators Group were worth $223,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New York State Common Retirement Fund grew its stake in Navigators Group by 2.3% during the 2nd quarter. New York State Common Retirement Fund now owns 31,542 shares of the insurance provider’s stock worth $1,732,000 after buying an additional 699 shares during the last quarter. Voya Investment Management LLC grew its stake in Navigators Group by 8.7% during the 2nd quarter. Voya Investment Management LLC now owns 11,518 shares of the insurance provider’s stock worth $632,000 after buying an additional 920 shares during the last quarter. Wells Fargo & Company MN grew its stake in Navigators Group by 6.4% during the 2nd quarter. Wells Fargo & Company MN now owns 18,790 shares of the insurance provider’s stock worth $1,032,000 after buying an additional 1,132 shares during the last quarter. Sei Investments Co. grew its stake in Navigators Group by 2,600.0% during the 3rd quarter. Sei Investments Co. now owns 2,268 shares of the insurance provider’s stock worth $132,000 after buying an additional 2,184 shares during the last quarter. Finally, Moody Aldrich Partners LLC grew its stake in Navigators Group by 12.7% during the 3rd quarter. Moody Aldrich Partners LLC now owns 21,486 shares of the insurance provider’s stock worth $1,254,000 after buying an additional 2,421 shares during the last quarter. 73.99% of the stock is owned by hedge funds and other institutional investors.

Shares of Navigators Group Inc (NASDAQ:NAVG) opened at $54.45 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.44 and a current ratio of 0.39. The firm has a market capitalization of $1,620.00, a PE ratio of 27.50 and a beta of 0.71. Navigators Group Inc has a one year low of $45.80 and a one year high of $60.35.

Navigators Group (NASDAQ:NAVG) last posted its quarterly earnings results on Thursday, February 15th. The insurance provider reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.22. The business had revenue of $305.10 million for the quarter, compared to the consensus estimate of $314.59 million. Navigators Group had a return on equity of 2.85% and a net margin of 3.08%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS. equities research analysts forecast that Navigators Group Inc will post 2.8 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.51%. The ex-dividend date is Thursday, March 1st. This is an increase from Navigators Group’s previous quarterly dividend of $0.06. Navigators Group’s payout ratio is presently 12.12%.

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods restated a “sell” rating and set a $52.00 target price on shares of Navigators Group in a research note on Friday. Boenning Scattergood restated a “hold” rating on shares of Navigators Group in a research note on Friday, February 16th. BidaskClub upgraded Navigators Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 17th. Zacks Investment Research downgraded Navigators Group from a “strong-buy” rating to a “sell” rating in a research note on Wednesday. Finally, ValuEngine downgraded Navigators Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Navigators Group currently has an average rating of “Hold” and a consensus target price of $57.00.

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About 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.

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

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