Navigators Group (NAVG) Rating Reiterated by Boenning Scattergood

Boenning Scattergood restated their hold rating on shares of Navigators Group (NASDAQ:NAVG) in a research report report published on Friday morning, AnalystRatings.com reports.

A number of other research analysts also recently issued reports on the company. ValuEngine downgraded Navigators Group from a buy rating to a hold rating in a report on Monday, April 1st. BidaskClub downgraded Navigators Group from a hold rating to a sell rating in a report on Tuesday, January 22nd. Finally, Zacks Investment Research raised Navigators Group from a strong sell rating to a hold rating in a report on Tuesday, January 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $68.50.

Shares of NASDAQ:NAVG opened at $69.88 on Friday. The firm has a market cap of $2.09 billion, a PE ratio of 23.60 and a beta of 0.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.38 and a current ratio of 0.38. Navigators Group has a 1 year low of $56.65 and a 1 year high of $71.45.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Monday, May 20th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Friday, May 17th.

Several large investors have recently made changes to their positions in NAVG. Bank of New York Mellon Corp lifted its holdings in shares of Navigators Group by 0.5% during the third quarter. Bank of New York Mellon Corp now owns 310,220 shares of the insurance provider’s stock valued at $21,437,000 after purchasing an additional 1,457 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Navigators Group by 77.6% during the third quarter. JPMorgan Chase & Co. now owns 407,912 shares of the insurance provider’s stock valued at $28,187,000 after purchasing an additional 178,205 shares in the last quarter. MetLife Investment Advisors LLC lifted its holdings in shares of Navigators Group by 56.9% during the third quarter. MetLife Investment Advisors LLC now owns 14,659 shares of the insurance provider’s stock valued at $1,013,000 after purchasing an additional 5,315 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Navigators Group by 2.6% during the third quarter. Teachers Advisors LLC now owns 40,458 shares of the insurance provider’s stock valued at $2,796,000 after purchasing an additional 1,038 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Navigators Group by 9.7% during the third quarter. Legal & General Group Plc now owns 54,567 shares of the insurance provider’s stock valued at $3,771,000 after purchasing an additional 4,841 shares in the last quarter. 72.24% of the stock is currently owned by hedge funds and other institutional investors.

About Navigators Group

The Navigators Group, Inc, together with its subsidiaries, underwrites marine, property and casualty, and professional liability insurance products and services in the United States and internationally. The company operates through the U.S. Insurance, International Insurance, and Global Reinsurance segments.

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