Navigators Group Inc (NAVG) Earns “Hold” Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their hold rating on shares of Navigators Group Inc (NASDAQ:NAVG) in a research report report published on Wednesday morning. Keefe, Bruyette & Woods currently has a $55.50 target price on the stock.

Separately, Zacks Investment Research cut shares of Navigators Group from a hold rating to a strong sell rating in a research report on Tuesday, February 21st.

Navigators Group (NASDAQ:NAVG) opened at 52.90 on Wednesday. The firm’s 50 day moving average is $55.26 and its 200 day moving average is $88.36. The company has a market cap of $1.54 billion, a PE ratio of 19.24 and a beta of 0.66. Navigators Group has a 52-week low of $40.08 and a 52-week high of $62.04.

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The business also recently declared a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, March 3rd were given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Wednesday, March 1st. Navigators Group’s dividend payout ratio is currently 6.83%.

Institutional investors have recently made changes to their positions in the stock. Champlain Investment Partners LLC boosted its position in shares of Navigators Group by 33.2% in the fourth quarter. Champlain Investment Partners LLC now owns 465,650 shares of the company’s stock valued at $54,830,000 after buying an additional 116,125 shares in the last quarter. Swiss National Bank boosted its position in shares of Navigators Group by 0.5% in the third quarter. Swiss National Bank now owns 19,300 shares of the company’s stock valued at $1,871,000 after buying an additional 100 shares in the last quarter. Matarin Capital Management LLC bought a new position in shares of Navigators Group during the third quarter valued at about $4,382,000. Commonwealth Bank of Australia boosted its position in shares of Navigators Group by 1.4% in the third quarter. Commonwealth Bank of Australia now owns 97,362 shares of the company’s stock valued at $9,437,000 after buying an additional 1,383 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in shares of Navigators Group by 1.2% in the third quarter. BlackRock Group LTD now owns 19,610 shares of the company’s stock valued at $1,900,000 after buying an additional 229 shares in the last quarter. Institutional investors own 36.98% of the company’s stock.

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.

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