Schwab Charles Investment Management Inc. lifted its stake in Navigators Group Inc (NASDAQ:NAVG) by 18.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,870 shares of the insurance provider’s stock after purchasing an additional 18,282 shares during the period. Schwab Charles Investment Management Inc. owned 0.40% of Navigators Group worth $6,878,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Bank of Montreal Can increased its stake in Navigators Group by 4.9% in the 2nd quarter. Bank of Montreal Can now owns 2,073 shares of the insurance provider’s stock worth $113,000 after buying an additional 97 shares in the last quarter. CS Mckee LP increased its stake in Navigators Group by 0.7% in the 2nd quarter. CS Mckee LP now owns 30,700 shares of the insurance provider’s stock worth $1,685,000 after buying an additional 200 shares in the last quarter. New York State Common Retirement Fund increased its stake in Navigators Group by 2.3% in the 2nd quarter. New York State Common Retirement Fund now owns 31,542 shares of the insurance provider’s stock worth $1,732,000 after buying an additional 699 shares in the last quarter. Voya Investment Management LLC increased its stake in Navigators Group by 8.7% in the 2nd quarter. Voya Investment Management LLC now owns 11,518 shares of the insurance provider’s stock worth $632,000 after buying an additional 920 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Navigators Group by 6.4% in the 2nd quarter. Wells Fargo & Company MN now owns 18,790 shares of the insurance provider’s stock worth $1,032,000 after buying an additional 1,132 shares in the last quarter. Hedge funds and other institutional investors own 73.95% of the company’s stock.

A number of equities research analysts have issued reports on NAVG shares. Keefe, Bruyette & Woods lowered Navigators Group from a “market perform” rating to an “underperform” rating and set a $45.00 price target for the company. in a research note on Wednesday, December 6th. Sandler O’Neill upgraded Navigators Group from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. ValuEngine lowered 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 Navigators Group in a research note on Monday, November 6th. Finally, Zacks Investment Research lowered Navigators Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $52.67.

Navigators Group Inc (NASDAQ:NAVG) opened at $48.75 on Friday. Navigators Group Inc has a 1-year low of $45.80 and a 1-year high of $60.35. The company has a market cap of $1,430.91, a PE ratio of 42.39 and a beta of 0.78. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.23.

Navigators Group (NASDAQ:NAVG) last released its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.00) EPS for the quarter, missing the consensus estimate of ($0.63) by ($0.37). Navigators Group had a net margin of 2.79% and a return on equity of 2.32%. The company had revenue of $326.47 million for the quarter, compared to the consensus estimate of $307.12 million. During the same period last year, the company earned $1.40 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. equities research analysts forecast that Navigators Group Inc will post 0.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Wednesday, November 22nd. Navigators Group’s dividend payout ratio (DPR) is presently 20.87%.

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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.

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

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