Latest Stocks: Navigators Group Inc (NAVG) Stake Decreased by UBS Asset Management Americas Inc.

Latest Stocks: Navigators Group Inc (NAVG) Stake Decreased by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. reduced its position in shares of Navigators Group Inc (NASDAQ:NAVG) by 52.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,992 shares of the insurance provider’s stock after selling 2,200 shares during the period. UBS Asset Management Americas Inc.’s holdings in Navigators Group were worth $235,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NAVG. Rhumbline Advisers increased its stake in shares of Navigators Group by 3.9% in the third quarter. Rhumbline Advisers now owns 17,019 shares of the insurance provider’s stock valued at $1,649,000 after buying an additional 645 shares during the last quarter. BlackRock Group LTD increased its stake in shares of Navigators Group by 1.2% in the third quarter. BlackRock Group LTD now owns 19,610 shares of the insurance provider’s stock valued at $1,900,000 after buying an additional 229 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Navigators Group by 2.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 301,976 shares of the insurance provider’s stock valued at $29,268,000 after buying an additional 6,794 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Navigators Group by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,450 shares of the insurance provider’s stock valued at $237,000 after buying an additional 40 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Navigators Group by 2.6% in the third quarter. Northern Trust Corp now owns 479,300 shares of the insurance provider’s stock valued at $46,454,000 after buying an additional 12,187 shares during the last quarter. 36.98% of the stock is currently owned by institutional investors.

Shares of Navigators Group Inc (NASDAQ:NAVG) opened at 53.65 on Tuesday. The company has a 50-day moving average of $52.73 and a 200 day moving average of $72.37. The firm has a market capitalization 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.

Navigators Group (NASDAQ:NAVG) last announced its quarterly earnings results on Thursday, May 4th. The insurance provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by $0.01. Navigators Group had a return on equity of 7.10% and a net margin of 6.82%. The company had revenue of $308.60 million during the quarter, compared to the consensus estimate of $297.34 million. During the same quarter in the prior year, the firm earned $1.36 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that Navigators Group Inc will post $2.48 earnings per share for the current year. The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This is a positive change from Navigators Group’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.45%. Navigators Group’s payout ratio is currently 6.83%.

A number of research firms have issued reports on NAVG. Zacks Investment Research upgraded Navigators Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. ValuEngine cut Navigators Group from a “buy” rating to a “hold” rating in a report on Friday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $55.50 price objective on shares of Navigators Group in a report on Wednesday, March 22nd. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $55.50. In related news, CEO Vincent C. Tizzio sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $52.68, for a total transaction of $1,053,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Colin Sprott sold 10,000 shares of the business’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 transaction of $527,300.00. The disclosure for this sale can be found here. Insiders own 24.20% of the company’s stock.

Receive News & Ratings for Navigators Group Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Navigators Group Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment