California State Teachers Retirement System Trims Position in Navigators Group Inc (NAVG)

California State Teachers Retirement System lowered its stake in shares of Navigators Group Inc (NASDAQ:NAVG) by 9.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,871 shares of the insurance provider’s stock after selling 3,592 shares during the quarter. California State Teachers Retirement System’s holdings in Navigators Group were worth $1,918,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in Navigators Group by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,482,875 shares of the insurance provider’s stock valued at $144,876,000 after buying an additional 8,309 shares during the period. Vanguard Group Inc. grew its position in Navigators Group by 3.9% during the second quarter. Vanguard Group Inc. now owns 2,246,404 shares of the insurance provider’s stock valued at $123,328,000 after buying an additional 83,530 shares during the period. Frontier Capital Management Co. LLC grew its position in Navigators Group by 2.0% during the third quarter. Frontier Capital Management Co. LLC now owns 997,604 shares of the insurance provider’s stock valued at $58,210,000 after buying an additional 19,110 shares during the period. Northern Trust Corp grew its position in Navigators Group by 1.7% during the second quarter. Northern Trust Corp now owns 991,692 shares of the insurance provider’s stock valued at $54,444,000 after buying an additional 16,343 shares during the period. Finally, Atlanta Capital Management Co. L L C grew its position in Navigators Group by 17.1% during the second quarter. Atlanta Capital Management Co. L L C now owns 662,360 shares of the insurance provider’s stock valued at $36,364,000 after buying an additional 96,839 shares during the period. Institutional investors own 73.95% of the company’s stock.

NAVG has been the subject of several research reports. Zacks Investment Research lowered shares of Navigators Group from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Keefe, Bruyette & Woods downgraded shares of Navigators Group from a “market perform” rating to an “underperform” rating and set a $45.00 price objective on the stock. in a report on Wednesday, December 6th. Sandler O’Neill raised shares of Navigators Group from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. BidaskClub downgraded shares of Navigators Group from a “sell” rating to a “strong sell” rating in a report on Thursday, December 21st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Navigators Group in a report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Navigators Group currently has an average rating of “Hold” and an average target price of $52.67.

Shares of Navigators Group Inc (NAVG) opened at $49.80 on Thursday. The company has a market cap of $1,447.13, a PE ratio of 43.30 and a beta of 0.78. Navigators Group Inc has a fifty-two week low of $45.80 and a fifty-two week high of $60.35. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.23.

Navigators Group (NASDAQ:NAVG) last released its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.00) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by ($0.37). The business had revenue of $326.47 million for the quarter, compared to analysts’ expectations of $307.12 million. Navigators Group had a net margin of 2.79% and a return on equity of 2.32%. Navigators Group’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $1.40 earnings per share. equities research analysts anticipate that Navigators Group Inc will post 0.93 EPS for the current year.

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Navigators Group 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 Navigators Group (NASDAQ:NAVG)

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