Principal Financial Group Inc. decreased its holdings in shares of The Navigators Group, Inc. (NASDAQ:NAVG) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 184,947 shares of the insurance provider’s stock after selling 1,666 shares during the quarter. Principal Financial Group Inc. owned approximately 0.63% of The Navigators Group worth $10,792,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bank of Montreal Can raised its stake in The Navigators Group by 4.9% during the second quarter. Bank of Montreal Can now owns 2,073 shares of the insurance provider’s stock worth $113,000 after acquiring an additional 97 shares during the period. Louisiana State Employees Retirement System raised its stake in The Navigators Group by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the insurance provider’s stock worth $500,000 after acquiring an additional 100 shares during the period. CS Mckee LP raised its stake in The Navigators Group by 0.7% during the second quarter. CS Mckee LP now owns 30,700 shares of the insurance provider’s stock worth $1,685,000 after acquiring an additional 200 shares during the period. Arizona State Retirement System raised its stake in The Navigators Group by 1.7% during the second quarter. Arizona State Retirement System now owns 11,704 shares of the insurance provider’s stock worth $643,000 after acquiring an additional 200 shares during the period. Finally, Texas Permanent School Fund raised its stake in The Navigators Group by 1.9% during the second quarter. Texas Permanent School Fund now owns 16,350 shares of the insurance provider’s stock worth $898,000 after acquiring an additional 307 shares during the period. Hedge funds and other institutional investors own 73.97% of the company’s stock.

The Navigators Group, Inc. (NASDAQ:NAVG) opened at $51.70 on Friday. The Navigators Group, Inc. has a 1 year low of $49.80 and a 1 year high of $62.04. 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 cap of $1,525.31, a PE ratio of 56.20 and a beta of 0.79.

The Navigators Group (NASDAQ:NAVG) last posted its 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 Navigators Group had a return on equity of 2.32% and a net margin of 2.79%. The firm had revenue of $326.47 million during the quarter, compared to the consensus estimate of $307.12 million. During the same quarter last year, the company posted $1.40 EPS. The Navigators Group’s revenue for the quarter was up 6.9% on a year-over-year basis. sell-side analysts forecast that The Navigators Group, Inc. will post 0.93 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.46%. The ex-dividend date is Wednesday, November 22nd. The Navigators Group’s dividend payout ratio (DPR) is 20.87%.

Several research firms recently weighed in on NAVG. Zacks Investment Research lowered shares of The Navigators Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 23rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $56.00 price objective on shares of The Navigators Group in a research note on Monday, October 16th. ValuEngine lowered shares of The Navigators Group from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Boenning Scattergood reiterated a “hold” rating on shares of The Navigators Group in a research note on Monday, November 6th. Finally, BidaskClub upgraded shares of The Navigators Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The Navigators Group currently has an average rating of “Hold” and a consensus price target of $59.67.

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About The 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 The Navigators Group (NASDAQ:NAVG)

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