Zurcher Kantonalbank Zurich Cantonalbank Lowers Position in Navigators Group Inc (NAVG)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in Navigators Group Inc (NASDAQ:NAVG) by 10.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,522 shares of the insurance provider’s stock after selling 175 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Navigators Group were worth $106,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in shares of Navigators Group by 3.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 16,383 shares of the insurance provider’s stock worth $1,138,000 after acquiring an additional 544 shares during the last quarter. Gardner Lewis Asset Management L P bought a new stake in shares of Navigators Group in the 4th quarter worth approximately $16,756,000. United Services Automobile Association lifted its position in shares of Navigators Group by 56.0% in the 4th quarter. United Services Automobile Association now owns 5,606 shares of the insurance provider’s stock worth $390,000 after acquiring an additional 2,012 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Navigators Group by 77.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 407,912 shares of the insurance provider’s stock worth $28,187,000 after acquiring an additional 178,205 shares during the period. Finally, Telemetry Investments L.L.C. bought a new stake in shares of Navigators Group in the 4th quarter worth approximately $208,000. 69.64% of the stock is currently owned by institutional investors.

Shares of Navigators Group stock remained flat at $$69.96 during midday trading on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $2.10 billion, a P/E ratio of 37.41 and a beta of 0.35. Navigators Group Inc has a 12 month low of $56.65 and a 12 month high of $71.45.

Navigators Group (NASDAQ:NAVG) last posted its earnings results on Thursday, May 9th. The insurance provider reported ($0.59) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.90). The company had revenue of $401.14 million for the quarter, compared to the consensus estimate of $400.80 million. Navigators Group had a return on equity of 0.50% and a net margin of 0.11%. As a group, sell-side analysts anticipate that Navigators Group Inc will post 1 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 3rd will be given a dividend of $0.07 per share. The ex-dividend date is Friday, May 31st. This represents a $0.28 annualized dividend and a dividend yield of 0.40%. Navigators Group’s dividend payout ratio (DPR) is presently 14.97%.

A number of analysts have commented on NAVG shares. ValuEngine downgraded Navigators Group from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. BidaskClub upgraded Navigators Group from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. Boenning Scattergood reiterated a “hold” rating on shares of Navigators Group in a research report on Friday, May 10th. Finally, Zacks Investment Research downgraded Navigators Group from a “hold” rating to a “strong sell” rating in a research report on Saturday, April 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $68.50.

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

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