Morgan Stanley increased its stake in The Navigators Group, Inc. (NASDAQ:NAVG) by 105.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,433 shares of the insurance provider’s stock after buying an additional 44,924 shares during the period. Morgan Stanley’s holdings in The Navigators Group were worth $4,747,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in NAVG. Jennison Associates LLC increased its position in The Navigators Group by 91.9% in the first quarter. Jennison Associates LLC now owns 21,505 shares of the insurance provider’s stock valued at $1,168,000 after buying an additional 10,301 shares during the period. Wells Fargo & Company MN increased its position in The Navigators Group by 91.8% in the first quarter. Wells Fargo & Company MN now owns 17,658 shares of the insurance provider’s stock valued at $959,000 after buying an additional 8,453 shares during the period. Investment Counselors of Maryland LLC increased its position in The Navigators Group by 99.0% in the first quarter. Investment Counselors of Maryland LLC now owns 308,844 shares of the insurance provider’s stock valued at $16,770,000 after buying an additional 153,622 shares during the period. Russell Investments Group Ltd. increased its position in The Navigators Group by 55.6% in the first quarter. Russell Investments Group Ltd. now owns 63,656 shares of the insurance provider’s stock valued at $3,457,000 after buying an additional 22,743 shares during the period. Finally, Strs Ohio increased its position in The Navigators Group by 96.5% in the first quarter. Strs Ohio now owns 16,700 shares of the insurance provider’s stock valued at $906,000 after buying an additional 8,200 shares during the period. 73.11% of the stock is currently owned by hedge funds and other institutional investors.

The Navigators Group, Inc. (NASDAQ:NAVG) traded down 0.27% during midday trading on Thursday, reaching $56.20. 3,923 shares of the company were exchanged. The stock has a market capitalization of $1.66 billion, a P/E ratio of 19.86 and a beta of 0.77. The Navigators Group, Inc. has a 52 week low of $50.30 and a 52 week high of $124.08. The firm’s 50 day moving average price is $55.31 and its 200-day moving average price is $54.43.

The Navigators Group (NASDAQ:NAVG) last announced its quarterly earnings data on Thursday, August 3rd. The insurance provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.08. The company had revenue of $293.80 million for the quarter, compared to analyst estimates of $297.82 million. The Navigators Group had a return on equity of 6.53% and a net margin of 6.86%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. Equities analysts forecast that The Navigators Group, Inc. will post $2.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.24 annualized dividend and a dividend yield of 0.43%. The Navigators Group’s dividend payout ratio is presently 8.48%.

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A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of The Navigators Group from a “hold” rating to a “strong-buy” rating and set a $65.00 price target on the stock in a research note on Wednesday. Boenning Scattergood reaffirmed a “hold” rating on shares of The Navigators Group in a research note on Friday, August 4th. Sidoti assumed coverage on shares of The Navigators Group in a research note on Thursday, June 22nd. They set a “neutral” rating and a $58.00 price target on the stock. Finally, ValuEngine downgraded shares of The Navigators Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Six investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The Navigators Group has an average rating of “Hold” and an average target price of $59.50.

In other news, insider Colin Sprott sold 10,000 shares of The Navigators Group stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $52.73, for a total transaction of $527,300.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Stanley A. Galanski sold 25,000 shares of The Navigators Group stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $54.12, for a total value of $1,353,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,000 shares of company stock worth $2,933,900. Insiders own 24.10% of the company’s stock.

The Navigators Group Company Profile

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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