Stock Mover of the Day: Navigators Group Inc Can’t Burn Your Long Portfolio. Just Reaches Record High

Stock Mover of the Day: Navigators Group Inc Can't Burn Your Long Portfolio. Just Reaches Record High

The stock of Navigators Group Inc (NASDAQ:NAVG) reached all time high today, Nov, 14 and still has $159.90 target or 50.00% above today’s $106.60 share price. This indicates more upside for the $1.61B company. This technical setup was reported by If the $159.90 PT is reached, the company will be worth $805.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 35,078 shares traded hands. Navigators Group Inc (NASDAQ:NAVG) has risen 30.13% since April 12, 2016 and is uptrending. It has outperformed by 25.15% the S&P500.

Navigators Group Inc (NASDAQ:NAVG) Ratings Coverage

Out of 2 analysts covering Navigators Group (NASDAQ:NAVG), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Navigators Group has been the topic of 2 analyst reports since May 27, 2016 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by Wood on Friday, May 27. The rating was downgraded by Sandler O’Neill to “Hold” on Monday, November 7.

According to Zacks Investment Research, “The Navigators Group, Inc. is a holding company with twelve active wholly owned subsidiaries. They primarily write marine, onshore energy, engineering and construction insurance, and a contractors’ general liability program. As underwritten by Navigators, marine insurance includes hull, energy, liability and cargo; onshore energy primarily covers property damage with an emphasis on the oil and petrochemical sectors; and engineering and construction primarily covers construction projects including machinery, equipment and loss of use due to delays.”

Insitutional Activity: The institutional sentiment increased to 1.88 in Q2 2016. Its up 0.82, from 1.06 in 2016Q1. The ratio improved, as 7 funds sold all Navigators Group Inc shares owned while 35 reduced positions. 17 funds bought stakes while 62 increased positions. They now own 10.53 million shares or 1.63% less from 10.70 million shares in 2016Q1.
Tower Research Capital Ltd Llc (Trc) last reported 930 shares in the company. Voya Inv Mgmt Ltd last reported 0% of its portfolio in the stock. Renaissance Technologies Llc accumulated 0.02% or 125,246 shares. Ny State Common Retirement Fund last reported 0% of its portfolio in the stock. Swiss Retail Bank has 0% invested in the company for 19,200 shares. Walthausen & Lc owns 126,564 shares or 1.21% of their US portfolio. Citadel Lc reported 3,779 shares or 0% of all its holdings. Cs Mckee L P, a Pennsylvania-based fund reported 19,109 shares. Parametric Portfolio Ltd Limited Liability Company has 30,097 shares for 0% of their US portfolio. The Illinois-based Guggenheim Cap Ltd has invested 0.01% in Navigators Group Inc (NASDAQ:NAVG). Champlain Inv Partners Ltd Limited Liability Company reported 368,040 shares or 0.58% of all its holdings. Royal National Bank & Trust Of Canada has 0% invested in the company for 17,583 shares. Strs Ohio reported 9,600 shares or 0% of all its holdings. Barclays Public Ltd Llc owns 12,814 shares or 0% of their US portfolio. Rhumbline Advisers owns 16,374 shares or 0% of their US portfolio.

Insider Transactions: Since August 25, 2016, the stock had 0 buys, and 2 sales for $630,014 net activity. Saunders Jeff L also sold $374,880 worth of Navigators Group Inc (NASDAQ:NAVG) shares. $255,134 worth of Navigators Group Inc (NASDAQ:NAVG) was sold by EISDORFER R SCOTT on Thursday, August 25.

Another recent and important Navigators Group Inc (NASDAQ:NAVG) news was published by which published an article titled: “Ex-Dividend Reminder: Navigators Group, Diebold and FLIR Systems” on November 14, 2016.

NAVG Company Profile

The Navigators Group, Inc., incorporated on November 12, 1982, is a holding company. The Firm is an international insurance firm focused on marine insurance. The Company’s divisions are 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 Primary and Excess Casualty divisions. The Firm also offers reinsurance products through its GlobalRe business. The Firm operates through various subsidiaries, including Navigators Insurance Company (NIC), inclusive of its United Kingdom Branch and Navigators Specialty Insurance Company (NSIC), both of which are the Unites States insurance companies, and Navigators Underwriting Agency Ltd., a Lloyd’s of London (Lloyd’s) underwriting agency that manages Lloyd’s Syndicate 1221 (the Syndicate) in the United Kingdom. The Firm distributes its products through international, national and regional, retail and wholesale insurance brokers. The Company’s U.S. Insurance and Int’l Insurance divisions consist of three operating divisions, such as Marine, P&C and Professional Liability.

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