The Navigators Group, Inc. (NASDAQ:NAVG) SVP R Scott Eisdorfer sold 10,985 shares of The Navigators Group stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $56.33, for a total value of $618,785.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
R Scott Eisdorfer also recently made the following trade(s):
- On Friday, August 11th, R Scott Eisdorfer sold 3,532 shares of The Navigators Group stock. The stock was sold at an average price of $56.32, for a total value of $198,922.24.
Shares of The Navigators Group, Inc. (NASDAQ:NAVG) traded up 0.72% on Wednesday, reaching $56.10. The company’s stock had a trading volume of 40,281 shares. The stock has a market cap of $1.65 billion, a PE ratio of 19.82 and a beta of 0.77. The firm has a 50 day moving average price of $55.53 and a 200-day moving average price of $54.36. The Navigators Group, Inc. has a 12-month low of $45.38 and a 12-month high of $62.04.
The Navigators Group (NASDAQ:NAVG) last issued its earnings results on Thursday, August 3rd. The insurance provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.08. The Navigators Group had a return on equity of 6.53% and a net margin of 6.86%. The firm had revenue of $293.80 million for the quarter, compared to the consensus estimate of $297.82 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. Equities research analysts expect that The Navigators Group, Inc. will post $2.54 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.43%. The Navigators Group’s payout ratio is 8.48%.
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Several hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new stake in shares of The Navigators Group during the first quarter worth approximately $105,000. Bank of Montreal Can increased its stake in shares of The Navigators Group by 4.9% in the second quarter. Bank of Montreal Can now owns 2,073 shares of the insurance provider’s stock worth $113,000 after buying an additional 97 shares during the last quarter. Huntington National Bank increased its stake in shares of The Navigators Group by 29.2% in the second quarter. Huntington National Bank now owns 2,183 shares of the insurance provider’s stock worth $120,000 after buying an additional 494 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of The Navigators Group by 104.2% in the first quarter. State of Alaska Department of Revenue now owns 2,450 shares of the insurance provider’s stock worth $133,000 after buying an additional 1,250 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of The Navigators Group by 42.1% in the first quarter. SG Americas Securities LLC now owns 2,942 shares of the insurance provider’s stock worth $160,000 after buying an additional 871 shares during the last quarter. Hedge funds and other institutional investors own 72.96% of the company’s stock.
Several research analysts have issued reports on NAVG shares. ValuEngine cut The Navigators Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research cut The Navigators Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Boenning Scattergood started coverage on The Navigators Group in a research report on Wednesday, June 28th. They issued a “neutral” rating on the stock. Finally, Sidoti started coverage on The Navigators Group in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $58.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $59.50.
The 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.
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