The Navigators Group, Inc. (NAVG) Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. boosted its stake in shares of The Navigators Group, Inc. (NASDAQ:NAVG) by 7.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,967 shares of the insurance provider’s stock after purchasing an additional 2,602 shares during the period. Goldman Sachs Group Inc. owned about 0.13% of The Navigators Group worth $2,030,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NAVG. Wells Fargo & Company MN grew its position in The Navigators Group by 91.8% during the first quarter. Wells Fargo & Company MN now owns 17,658 shares of the insurance provider’s stock valued at $959,000 after purchasing an additional 8,453 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in The Navigators Group by 100.0% during the first quarter. UBS Asset Management Americas Inc. now owns 3,984 shares of the insurance provider’s stock valued at $216,000 after purchasing an additional 1,992 shares in the last quarter. SG Americas Securities LLC grew its position in The Navigators Group by 42.1% during the first quarter. SG Americas Securities LLC now owns 2,942 shares of the insurance provider’s stock valued at $160,000 after purchasing an additional 871 shares in the last quarter. American International Group Inc. grew its position in The Navigators Group by 68.4% during the first quarter. American International Group Inc. now owns 13,810 shares of the insurance provider’s stock valued at $750,000 after purchasing an additional 5,610 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in The Navigators Group by 96.8% during the first quarter. Alliancebernstein L.P. now owns 36,984 shares of the insurance provider’s stock valued at $2,008,000 after purchasing an additional 18,192 shares in the last quarter. 73.29% of the stock is currently owned by hedge funds and other institutional investors.

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A number of brokerages recently commented on NAVG. Zacks Investment Research downgraded shares of The Navigators Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 23rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $56.00 target price on shares of The Navigators Group in a research report on Monday, October 16th. BidaskClub raised shares of The Navigators Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Finally, Boenning Scattergood reissued a “hold” rating on shares of The Navigators Group in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $59.67.

Shares of The Navigators Group, Inc. (NAVG) opened at 58.00 on Wednesday. The company has a market capitalization of $1.71 billion, a P/E ratio of 20.49 and a beta of 0.79. The firm has a 50-day moving average of $57.97 and a 200 day moving average of $55.28. The Navigators Group, Inc. has a 52-week low of $45.85 and a 52-week high of $62.04.

The Navigators Group (NASDAQ:NAVG) last issued its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.08. The company had revenue of $293.80 million during the quarter, compared to analysts’ expectations of $297.82 million. The Navigators Group had a net margin of 6.86% and a return on equity of 6.53%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. On average, analysts anticipate that The Navigators Group, Inc. will post $1.31 EPS for the current year.

In other The Navigators Group news, Director Patricia H. Roberts purchased 1,355 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was bought at an average cost of $55.29 per share, with a total value of $74,917.95. Following the purchase, the director now directly owns 3,951 shares of the company’s stock, valued at $218,450.79. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP R Scott Eisdorfer sold 3,532 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $56.32, for a total transaction of $198,922.24. The disclosure for this sale can be found here. Insiders have sold a total of 20,000 shares of company stock valued at $1,123,880 over the last ninety days. Company insiders own 24.10% of the company’s stock.

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

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