Telemetry Investments L.L.C. Acquires Shares of 3,000 Navigators Group Inc (NAVG)

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Telemetry Investments L.L.C. acquired a new stake in Navigators Group Inc (NASDAQ:NAVG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,000 shares of the insurance provider’s stock, valued at approximately $208,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in shares of Navigators Group by 9.9% in the fourth quarter. Bank of Montreal Can now owns 1,659 shares of the insurance provider’s stock valued at $115,000 after acquiring an additional 149 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Navigators Group by 17.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,697 shares of the insurance provider’s stock valued at $118,000 after purchasing an additional 255 shares during the last quarter. Dupont Capital Management Corp bought a new stake in Navigators Group during the third quarter valued at approximately $125,000. LS Investment Advisors LLC lifted its position in Navigators Group by 257.3% during the fourth quarter. LS Investment Advisors LLC now owns 2,365 shares of the insurance provider’s stock valued at $164,000 after purchasing an additional 1,703 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in Navigators Group during the third quarter valued at approximately $204,000. Institutional investors own 73.29% of the company’s stock.

Several equities research analysts have issued reports on NAVG shares. BidaskClub upgraded shares of Navigators Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th. ValuEngine lowered shares of Navigators Group from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research upgraded shares of Navigators Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $68.50.

Shares of NAVG traded up $0.02 during mid-day trading on Friday, reaching $69.87. The company’s stock had a trading volume of 2,487 shares, compared to its average volume of 150,920. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 60.23 and a beta of 0.37. 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 Inc has a 52 week low of $54.03 and a 52 week high of $71.45.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 25th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.40%. Navigators Group’s payout ratio is 24.14%.

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Navigators Group Company Profile

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, Global Reinsurance, and Corporate segments.

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

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