First Trust Advisors LP trimmed its stake in shares of Navigators Group Inc (NASDAQ:NAVG) by 29.7% in the second quarter, HoldingsChannel.com reports. The fund owned 6,725 shares of the insurance provider’s stock after selling 2,847 shares during the quarter. First Trust Advisors LP’s holdings in Navigators Group were worth $383,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in NAVG. Wells Fargo & Company MN lifted its position in shares of Navigators Group by 3.3% during the 1st quarter. Wells Fargo & Company MN now owns 38,840 shares of the insurance provider’s stock valued at $2,239,000 after acquiring an additional 1,233 shares during the period. SG Americas Securities LLC lifted its position in shares of Navigators Group by 30.7% during the 1st quarter. SG Americas Securities LLC now owns 10,245 shares of the insurance provider’s stock valued at $591,000 after acquiring an additional 2,407 shares during the period. Prudential Financial Inc. lifted its position in shares of Navigators Group by 6.4% during the 1st quarter. Prudential Financial Inc. now owns 59,012 shares of the insurance provider’s stock valued at $3,402,000 after acquiring an additional 3,550 shares during the period. Neuberger Berman Group LLC bought a new stake in shares of Navigators Group during the 1st quarter valued at $227,000. Finally, Northern Trust Corp lifted its position in shares of Navigators Group by 1.5% during the 1st quarter. Northern Trust Corp now owns 993,972 shares of the insurance provider’s stock worth $57,304,000 after buying an additional 14,684 shares during the last quarter. Hedge funds and other institutional investors own 74.32% of the company’s stock.

Shares of NAVG stock opened at $69.20 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.25. Navigators Group Inc has a twelve month low of $45.80 and a twelve month high of $71.45. The firm has a market cap of $2.06 billion, a P/E ratio of 59.67 and a beta of 0.56.

Navigators Group (NASDAQ:NAVG) last announced its quarterly earnings data on Wednesday, August 8th. The insurance provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.23. Navigators Group had a return on equity of 4.52% and a net margin of 4.44%. The business had revenue of $358.24 million during the quarter, compared to the consensus estimate of $356.13 million. research analysts expect that Navigators Group Inc will post 3.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, August 31st were given a dividend of $0.07 per share. The ex-dividend date was Thursday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.40%. Navigators Group’s dividend payout ratio is currently 24.14%.

NAVG has been the subject of several recent analyst reports. BidaskClub downgraded Navigators Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Keefe, Bruyette & Woods set a $70.00 price objective on Navigators Group and gave the stock a “hold” rating in a research report on Wednesday, August 22nd. Zacks Investment Research downgraded Navigators Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 11th. ValuEngine upgraded Navigators Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Finally, Sandler O’Neill upgraded Navigators Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Navigators Group currently has an average rating of “Buy” and a consensus price target of $65.67.

Navigators Group Profile

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

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