Walthausen & Co. LLC lowered its position in The Navigators Group, Inc. (NASDAQ:NAVG) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 231,178 shares of the insurance provider’s stock after selling 1,370 shares during the period. The Navigators Group comprises about 1.3% of Walthausen & Co. LLC’s portfolio, making the stock its 25th largest position. Walthausen & Co. LLC owned about 0.78% of The Navigators Group worth $13,489,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of The Navigators Group by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,482,875 shares of the insurance provider’s stock valued at $144,876,000 after purchasing an additional 8,309 shares during the last quarter. Vanguard Group Inc. increased its holdings in The Navigators Group by 3.9% during the second quarter. Vanguard Group Inc. now owns 2,246,404 shares of the insurance provider’s stock worth $123,328,000 after buying an additional 83,530 shares during the last quarter. Frontier Capital Management Co. LLC increased its holdings in The Navigators Group by 2.0% during the third quarter. Frontier Capital Management Co. LLC now owns 997,604 shares of the insurance provider’s stock worth $58,210,000 after buying an additional 19,110 shares during the last quarter. Northern Trust Corp increased its holdings in The Navigators Group by 1.7% during the second quarter. Northern Trust Corp now owns 991,692 shares of the insurance provider’s stock worth $54,444,000 after buying an additional 16,343 shares during the last quarter. Finally, Atlanta Capital Management Co. L L C increased its holdings in The Navigators Group by 17.1% during the second quarter. Atlanta Capital Management Co. L L C now owns 662,360 shares of the insurance provider’s stock worth $36,364,000 after buying an additional 96,839 shares during the last quarter. Institutional investors own 73.97% of the company’s stock.

Shares of The Navigators Group, Inc. (NASDAQ NAVG) opened at $48.20 on Tuesday. The Navigators Group, Inc. has a 1-year low of $45.80 and a 1-year high of $62.03. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1,432.38, a PE ratio of 52.77 and a beta of 0.78.

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

The firm 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 dividend of $0.06 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 0.50%. The Navigators Group’s dividend payout ratio is presently 20.87%.

A number of analysts recently issued reports on the stock. Sandler O’Neill upgraded shares of The Navigators Group from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Keefe, Bruyette & Woods downgraded shares of The Navigators Group from a “market perform” rating to an “underperform” rating and set a $45.00 price objective for the company. in a report on Wednesday, December 6th. ValuEngine downgraded shares of The Navigators Group from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Zacks Investment Research upgraded shares of The Navigators Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Boenning Scattergood restated a “hold” rating on shares of The Navigators Group in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The Navigators Group currently has a consensus rating of “Hold” and an average target price of $56.00.

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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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