Latest Stocks: Navigators Group Inc (NAVG) Stake Raised by Profund Advisors LLC

Latest Stocks: Navigators Group Inc (NAVG) Stake Raised by Profund Advisors LLC

Profund Advisors LLC raised its position in shares of Navigators Group Inc (NASDAQ:NAVG) by 28.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,893 shares of the insurance provider’s stock after buying an additional 851 shares during the period. Profund Advisors LLC’s holdings in Navigators Group were worth $211,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in shares of Navigators Group by 1.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 17,760 shares of the insurance provider’s stock worth $2,091,000 after buying an additional 320 shares during the period. Summit Global Investments acquired a new stake in shares of Navigators Group during the fourth quarter worth about $506,000. Guggenheim Capital LLC increased its stake in shares of Navigators Group by 7.4% in the fourth quarter. Guggenheim Capital LLC now owns 30,190 shares of the insurance provider’s stock worth $3,555,000 after buying an additional 2,088 shares during the period. Kingdon Capital Management L.L.C. acquired a new stake in shares of Navigators Group during the fourth quarter worth about $6,806,000. Finally, Champlain Investment Partners LLC increased its stake in shares of Navigators Group by 33.2% in the fourth quarter. Champlain Investment Partners LLC now owns 465,650 shares of the insurance provider’s stock worth $54,830,000 after buying an additional 116,125 shares during the period. Hedge funds and other institutional investors own 36.98% of the company’s stock.

Shares of Navigators Group Inc (NAVG) opened at 53.65 on Tuesday. The company has a market cap of $1.58 billion, a P/E ratio of 20.01 and a beta of 0.66. Navigators Group Inc has a 52-week low of $43.31 and a 52-week high of $62.04. The company has a 50-day moving average price of $52.73 and a 200-day moving average price of $72.37.

Navigators Group (NASDAQ:NAVG) last released its quarterly earnings results on Thursday, May 4th. The insurance provider reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.69 by $0.01. The firm had revenue of $308.60 million for the quarter, compared to analysts’ expectations of $297.34 million. Navigators Group had a net margin of 6.80% and a return on equity of 6.34%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.36 EPS. On average, equities analysts predict that Navigators Group Inc will post $2.48 EPS for the current year.

A number of brokerages have recently issued reports on NAVG. Zacks Investment Research downgraded Navigators Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 21st. ValuEngine downgraded Navigators Group from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $55.50 price target on shares of Navigators Group in a research report on Wednesday, March 22nd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $55.50. In other Navigators Group news, CEO Vincent C. Tizzio sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $52.68, for a total transaction of $1,053,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Colin Sprott sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $52.73, for a total value of $527,300.00. The disclosure for this sale can be found here. Company insiders own 24.20% of the company’s stock.

Want to see what other hedge funds are holding NAVG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Navigators Group Inc (NASDAQ:NAVG).

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