The Navigators Group, Inc (NAVG): Are Hedge Funds Right About This Stock?

As aggregate interest increased, specific money managers were breaking ground themselves. Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, established the most outsized position in The Navigators Group, Inc (NASDAQ:NAVG). Arrowstreet Capital had $0.5 million invested in the company at the end of the quarter. Lawrence Sapanski’s Scoria Capital also made a $0.5 million investment in the stock during the quarter. The other funds with brand new NAVG positions are Chao Ku’s Nine Chapters Capital Management and Bruce Silver’s Silver Capital Management LLC.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as The Navigators Group, Inc (NASDAQ:NAVG) but similarly valued. We will take a look at Vivint Solar Inc (NYSE:VSLR), Weis Markets, Inc. (NYSE:WMK), Universal Corp (NYSE:UVV), and First Cash Financial Services, Inc. (NASDAQ:FCFS). This group of stocks’ market valuations resemble NAVG’s market valuation.

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $91 million. That figure was $96 million in NAVG’s case. Vivint Solar Inc (NYSE:VSLR) is the most popular stock in this table with 14 funds reporting stakes, while Weis Markets, Inc. (NYSE:WMK) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks, The Navigators Group, Inc (NASDAQ:NAVG) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.