Navigators Group Inc (NAVG) Stake Increased by Federated Investors Inc. PA

Federated Investors Inc. PA raised its stake in Navigators Group Inc (NASDAQ:NAVG) by 117.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,452 shares of the company’s stock after buying an additional 3,486 shares during the period. Federated Investors Inc. PA’s holdings in Navigators Group were worth $760,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Fund Advisors raised its stake in shares of Navigators Group by 10.0% in the third quarter. BlackRock Fund Advisors now owns 801,466 shares of the company’s stock worth $77,678,000 after buying an additional 72,608 shares during the period. Frontier Capital Management Co. LLC raised its stake in shares of Navigators Group by 12.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 579,526 shares of the company’s stock worth $68,239,000 after buying an additional 61,991 shares during the period. Northern Trust Corp raised its stake in shares of Navigators Group by 2.6% in the third quarter. Northern Trust Corp now owns 479,300 shares of the company’s stock worth $46,454,000 after buying an additional 12,187 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of Navigators Group by 2.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 301,976 shares of the company’s stock worth $29,268,000 after buying an additional 6,794 shares during the period. Finally, State Street Corp raised its stake in shares of Navigators Group by 11.7% in the fourth quarter. State Street Corp now owns 258,154 shares of the company’s stock worth $30,395,000 after buying an additional 27,074 shares during the period. Hedge funds and other institutional investors own 36.98% of the company’s stock.

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

Shares of Navigators Group Inc (NASDAQ:NAVG) opened at 53.80 on Tuesday. Navigators Group Inc has a one year low of $40.08 and a one year high of $62.04. The stock has a 50 day moving average price of $55.68 and a 200-day moving average price of $89.81. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 19.56 and a beta of 0.66.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 3rd will be given a dividend of $0.045 per share. The ex-dividend date is Wednesday, March 1st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.33%. Navigators Group’s dividend payout ratio (DPR) is presently 6.83%.

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Separately, Zacks Investment Research upgraded Navigators Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 18th.

About Navigators Group

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.

5 Day Chart for NASDAQ:NAVG

Want to see what other hedge funds are holding NAVG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Navigators Group Inc (NASDAQ:NAVG).

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