Navigators Group Inc (NAVG) Stake Lowered by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC lowered its holdings in Navigators Group Inc (NASDAQ:NAVG) by 7.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 928,175 shares of the insurance provider’s stock after selling 69,429 shares during the quarter. Frontier Capital Management Co. LLC owned about 3.15% of Navigators Group worth $45,202,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. increased its holdings in shares of Navigators Group by 2,600.0% in the 3rd quarter. Sei Investments Co. now owns 2,268 shares of the insurance provider’s stock valued at $132,000 after acquiring an additional 2,184 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Navigators Group in the 3rd quarter valued at about $204,000. Neuberger Berman Group LLC purchased a new position in shares of Navigators Group in the 2nd quarter valued at about $202,000. BlueCrest Capital Management Ltd purchased a new position in Navigators Group during the 2nd quarter worth approximately $241,000. Finally, Bank of Montreal Can grew its stake in Navigators Group by 30.5% during the 4th quarter. Bank of Montreal Can now owns 4,585 shares of the insurance provider’s stock worth $223,000 after buying an additional 1,071 shares during the last quarter. Institutional investors and hedge funds own 73.95% of the company’s stock.

Navigators Group Inc (NAVG) opened at $49.65 on Friday. The stock has a market capitalization of $1,453.03, a P/E ratio of 53.53 and a beta of 0.78. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.44 and a current ratio of 0.44. Navigators Group Inc has a 12 month low of $45.80 and a 12 month high of $60.35.

Navigators Group (NASDAQ:NAVG) last released its quarterly earnings results 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 firm had revenue of $326.47 million for the quarter, compared to analysts’ expectations of $307.12 million. Navigators Group had a return on equity of 2.32% and a net margin of 2.79%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.40 EPS. analysts expect that Navigators Group Inc will post 0.93 earnings per share for the current fiscal year.

NAVG has been the topic of a number of research reports. Zacks Investment Research downgraded Navigators Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 23rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $56.00 price target on shares of Navigators Group in a research note on Monday, October 16th. Boenning Scattergood restated a “hold” rating on shares of Navigators Group in a research note on Monday, November 6th. ValuEngine downgraded Navigators Group from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Finally, Sandler O’Neill upgraded Navigators Group from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $52.67.

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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.

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

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