Navigators Group Inc (NASDAQ:NAVG) insider Colin Sprott sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $61.03, for a total value of $61,030.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Navigators Group traded down $0.55, reaching $59.30, during midday trading on Thursday, according to Marketbeat.com. 101,671 shares of the company were exchanged, compared to its average volume of 108,817. The stock has a market cap of $1.83 billion, a P/E ratio of 51.12 and a beta of 0.52. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.24. Navigators Group Inc has a one year low of $45.80 and a one year high of $61.74.
Navigators Group (NASDAQ:NAVG) last released its quarterly earnings results on Monday, May 7th. The insurance provider reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.32. The company had revenue of $346.21 million for the quarter, compared to analyst estimates of $344.53 million. Navigators Group had a return on equity of 3.87% and a net margin of 3.72%. equities analysts forecast that Navigators Group Inc will post 2.98 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 8th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Thursday, June 7th. Navigators Group’s dividend payout ratio is currently 24.14%.
A number of institutional investors have recently made changes to their positions in NAVG. Bank of Montreal Can raised its position in Navigators Group by 30.5% in the 4th quarter. Bank of Montreal Can now owns 4,585 shares of the insurance provider’s stock valued at $223,000 after buying an additional 1,071 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Navigators Group in the 4th quarter valued at approximately $393,000. California Public Employees Retirement System raised its position in Navigators Group by 5.7% in the 4th quarter. California Public Employees Retirement System now owns 73,561 shares of the insurance provider’s stock valued at $3,582,000 after buying an additional 3,982 shares during the last quarter. Swiss National Bank raised its position in Navigators Group by 6.4% in the 4th quarter. Swiss National Bank now owns 41,300 shares of the insurance provider’s stock valued at $2,011,000 after buying an additional 2,500 shares during the last quarter. Finally, Advisory Research Inc. raised its position in Navigators Group by 29.5% in the 4th quarter. Advisory Research Inc. now owns 1,001,568 shares of the insurance provider’s stock valued at $48,776,000 after buying an additional 228,065 shares during the last quarter. 74.16% of the stock is currently owned by institutional investors and hedge funds.
NAVG has been the topic of a number of recent analyst reports. BidaskClub upgraded Navigators Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 27th. Sandler O’Neill restated a “hold” rating and set a $60.00 target price on shares of Navigators Group in a report on Friday, February 16th. Boenning Scattergood restated a “hold” rating on shares of Navigators Group in a report on Friday, February 16th. Zacks Investment Research upgraded Navigators Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, ValuEngine upgraded Navigators Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 28th. Six research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Navigators Group has a consensus rating of “Hold” and a consensus price target of $61.00.
About Navigators Group
The Navigators Group, Inc, together with its subsidiaries, underwrites marine, property and casualty, and professional liability insurance products and services in the United States and internationally. The company operates through the U.S. Insurance, International Insurance, Global Reinsurance, and Corporate segments.
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