Boenning Scattergood reaffirmed their hold rating on shares of Navigators Group (NASDAQ:NAVG) in a research report sent to investors on Thursday.

Several other research firms have also recently commented on NAVG. Zacks Investment Research cut shares of Navigators Group from a hold rating to a sell rating in a report on Thursday, April 19th. BidaskClub upgraded shares of Navigators Group from a sell rating to a hold rating in a report on Wednesday, July 25th. Keefe, Bruyette & Woods upgraded shares of Navigators Group from an underperform rating to a market perform rating and set a $59.00 price target for the company in a report on Tuesday, May 8th. Finally, ValuEngine upgraded shares of Navigators Group from a sell rating to a hold rating in a report on Saturday, June 2nd. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $63.00.

Navigators Group traded up $2.50, reaching $61.10, during trading on Thursday, MarketBeat reports. 130,753 shares of the stock were exchanged, compared to its average volume of 67,889. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.41 and a quick ratio of 0.41. Navigators Group has a 1 year low of $45.80 and a 1 year high of $61.74. The company has a market capitalization of $1.74 billion, a PE ratio of 52.67 and a beta of 0.55.

Navigators Group (NASDAQ:NAVG) last issued its earnings results on Wednesday, August 8th. The insurance provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.23. The company had revenue of $358.24 million for the quarter, compared to the consensus estimate of $356.13 million. Navigators Group had a net margin of 4.44% and a return on equity of 4.52%. sell-side analysts forecast that Navigators Group will post 3.13 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, August 31st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Thursday, August 30th. Navigators Group’s payout ratio is 24.14%.

In related news, insider Colin Sprott sold 1,000 shares of the company’s stock in a transaction on 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 accessible through the SEC website. 22.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC purchased a new position in Navigators Group during the 4th quarter worth $455,000. Matarin Capital Management LLC acquired a new position in shares of Navigators Group during the 1st quarter worth $7,220,000. Goldman Sachs Group Inc. grew its stake in shares of Navigators Group by 11.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 71,320 shares of the insurance provider’s stock worth $3,473,000 after purchasing an additional 7,299 shares during the period. Prudential Financial Inc. grew its stake in Navigators Group by 6.4% in 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 last quarter. Finally, Xact Kapitalforvaltning AB acquired a new stake in Navigators Group in the 1st quarter valued at about $245,000. Hedge funds and other institutional investors own 74.37% of the company’s stock.

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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