Moody Aldrich Partners LLC raised its stake in shares of The Navigators Group Inc. (NASDAQ:NAVG) by 133.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,340 shares of the company’s stock after buying an additional 7,615 shares during the period. Moody Aldrich Partners LLC’s holdings in The Navigators Group were worth $1,227,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Royal Bank of Canada raised its stake in shares of The Navigators Group by 65.2% in the first quarter. Royal Bank of Canada now owns 16,404 shares of the company’s stock valued at $1,376,000 after buying an additional 6,474 shares during the last quarter. Arizona State Retirement System increased its position in The Navigators Group by 3.7% in the first quarter. Arizona State Retirement System now owns 5,602 shares of the company’s stock worth $470,000 after buying an additional 200 shares during the period. Silvercrest Asset Management Group LLC increased its position in The Navigators Group by 5.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 9,618 shares of the company’s stock worth $807,000 after buying an additional 500 shares during the period. Jacobs Levy Equity Management Inc. increased its position in The Navigators Group by 18.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 22,345 shares of the company’s stock worth $1,874,000 after buying an additional 3,410 shares during the period. Finally, Legal & General Group Plc increased its position in The Navigators Group by 5.3% in the first quarter. Legal & General Group Plc now owns 2,560 shares of the company’s stock worth $216,000 after buying an additional 130 shares during the period. Institutional investors own 73.33% of the company’s stock.
The Navigators Group Inc. (NASDAQ:NAVG) traded down 0.68% on Friday, reaching $96.97. The company had a trading volume of 58,829 shares. The Navigators Group Inc. has a one year low of $74.74 and a one year high of $97.65. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 19.26 and a beta of 0.55. The company’s 50 day moving average is $93.39 and its 200-day moving average is $88.76.
The Navigators Group (NASDAQ:NAVG) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The firm had revenue of $267.90 million for the quarter, compared to the consensus estimate of $270.31 million. The Navigators Group had a return on equity of 6.45% and a net margin of 6.69%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 earnings per share. On average, equities research analysts expect that The Navigators Group Inc. will post $4.74 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, August 19th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.36 annualized dividend and a dividend yield of 0.37%. The Navigators Group’s dividend payout ratio is currently 7.14%.
NAVG has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their price target on The Navigators Group from $82.00 to $86.00 and gave the stock a “market perform” rating in a research note on Friday, May 27th. Zacks Investment Research raised The Navigators Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 16th.
In other news, SVP R Scott Eisdorfer sold 2,760 shares of The Navigators Group stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $92.44, for a total value of $255,134.40. The transaction was disclosed in a filing with the SEC, which is available at this link. 24.20% of the stock is owned by insiders.
The Navigators Group Company Profile
The Navigators Group, Inc is a holding company. The Company is an international insurance company focused on marine insurance. The Company’s segments are 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 Primary and Excess Casualty divisions.
Want to see what other hedge funds are holding NAVG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Navigators Group Inc. (NASDAQ:NAVG).
Receive News & Ratings for The Navigators Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Navigators Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.