Frontier Capital Management Co. LLC trimmed its stake in shares of Navigators Group Inc (NASDAQ:NAVG) by 7.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 928,175 shares of the insurance provider’s stock after selling 69,429 shares during the period. Frontier Capital Management Co. LLC’s holdings in Navigators Group were worth $45,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in Navigators Group by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,482,875 shares of the insurance provider’s stock worth $144,876,000 after acquiring an additional 8,309 shares during the period. Vanguard Group Inc. lifted its position in Navigators Group by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,246,404 shares of the insurance provider’s stock worth $123,328,000 after acquiring an additional 83,530 shares during the period. Northern Trust Corp lifted its position in Navigators Group by 1.7% during the 2nd quarter. Northern Trust Corp now owns 991,692 shares of the insurance provider’s stock worth $54,444,000 after acquiring an additional 16,343 shares during the period. Atlanta Capital Management Co. L L C lifted its position in Navigators Group by 17.1% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 662,360 shares of the insurance provider’s stock worth $36,364,000 after acquiring an additional 96,839 shares during the period. Finally, State Street Corp lifted its position in Navigators Group by 3.3% during the 2nd quarter. State Street Corp now owns 562,756 shares of the insurance provider’s stock worth $30,894,000 after acquiring an additional 17,846 shares during the period. 73.95% of the stock is owned by institutional investors.

NAVG has been the subject of several recent analyst reports. Zacks Investment Research raised Navigators Group from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods reissued a “sell” rating on shares of Navigators Group in a report on Thursday, December 21st. ValuEngine cut Navigators Group from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, Boenning Scattergood reissued a “hold” rating on shares of Navigators Group in a report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $52.67.

Shares of Navigators Group Inc (NAVG) opened at $49.65 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1,453.03, a P/E ratio of 53.53 and a beta of 0.78. Navigators Group Inc has a 1-year low of $45.80 and a 1-year high of $60.35.

Navigators Group (NASDAQ:NAVG) last posted its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.00) EPS for the quarter, missing the consensus estimate of ($0.63) by ($0.37). The business had revenue of $326.47 million during the quarter, compared to analyst estimates of $307.12 million. Navigators Group had a net margin of 2.79% and a return on equity of 2.32%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 earnings per share. sell-side analysts anticipate that Navigators Group Inc will post 0.93 earnings per share for the current fiscal year.

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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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