California Public Employees Retirement System cut its position in The Navigators Group Inc. (NASDAQ:NAVG) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,908 shares of the company’s stock after selling 1,100 shares during the period. California Public Employees Retirement System’s holdings in The Navigators Group were worth $4,062,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Moody Aldrich Partners LLC increased its stake in The Navigators Group by 133.0% in the second quarter. Moody Aldrich Partners LLC now owns 13,340 shares of the company’s stock worth $1,227,000 after buying an additional 7,615 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in The Navigators Group during the second quarter worth approximately $4,008,000. Victory Capital Management Inc. increased its stake in The Navigators Group by 11.1% in the second quarter. Victory Capital Management Inc. now owns 225,807 shares of the company’s stock worth $20,767,000 after buying an additional 22,558 shares during the last quarter. Teacher Retirement System of Texas increased its stake in The Navigators Group by 14.4% in the second quarter. Teacher Retirement System of Texas now owns 1,617 shares of the company’s stock worth $149,000 after buying an additional 203 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in The Navigators Group by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 37,811 shares of the company’s stock worth $3,478,000 after buying an additional 594 shares during the last quarter. Institutional investors and hedge funds own 75.77% of the company’s stock.

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

The Navigators Group Inc. (NASDAQ:NAVG) traded up 0.61% during midday trading on Tuesday, hitting $107.80. 31,254 shares of the stock were exchanged. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 20.48 and a beta of 0.58. The company has a 50 day moving average price of $98.35 and a 200 day moving average price of $93.69. The Navigators Group Inc. has a one year low of $74.74 and a one year high of $112.08.

The Navigators Group (NASDAQ:NAVG) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.08. The Navigators Group had a net margin of 6.80% and a return on equity of 6.34%. The firm had revenue of $305.30 million for the quarter, compared to analyst estimates of $283.02 million. During the same quarter in the prior year, the firm earned $1.37 EPS. The company’s revenue was up 13.8% on a year-over-year basis. Equities analysts anticipate that The Navigators Group Inc. will post $4.85 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Friday, November 18th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Wednesday, November 16th. The Navigators Group’s dividend payout ratio is currently 6.83%.

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NAVG has been the topic of a number of research reports. Zacks Investment Research upgraded shares of The Navigators Group from a “strong sell” rating to a “hold” rating in a report on Thursday, October 6th. William Blair downgraded shares of The Navigators Group from an “outperform” rating to a “market perform” rating in a report on Thursday, November 17th. Finally, Sandler O’Neill lowered shares of The Navigators Group from a “buy” rating to a “hold” rating in a report on Monday, November 7th.

In other The Navigators Group news, insider Jeff L. Saunders sold 4,000 shares of the stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $93.72, for a total transaction of $374,880.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP R Scott Eisdorfer sold 2,000 shares of the stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $104.69, for a total transaction of $209,380.00. The disclosure for this sale can be found here. Company insiders own 24.20% of the company’s stock.

The Navigators Group Company Profile

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.

5 Day Chart for NASDAQ:NAVG

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