The Navigators Group, Inc (NASDAQ:NAVG) has seen an increase in activity from the world’s largest hedge funds recently.
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With these “truths” under our belt, let’s take a glance at the recent action regarding The Navigators Group, Inc (NASDAQ:NAVG).
How have hedgies been trading The Navigators Group, Inc (NASDAQ:NAVG)?
At the end of the fourth quarter, a total of 6 of the hedge funds we track held long positions in this stock, a change of 100% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were upping their holdings substantially.
When looking at the hedgies we track, Royce & Associates, managed by Chuck Royce, holds the largest position in The Navigators Group, Inc (NASDAQ:NAVG). Royce & Associates has a $17.7 million position in the stock, comprising 0.1% of its 13F portfolio. Coming in second is Diamond Hill Capital, managed by Ric Dillon, which held a $10.4 million position; 0.1% of its 13F portfolio is allocated to the company. Remaining hedgies that hold long positions include Ken Griffin’s Citadel Investment Group, Jim Simons’s Renaissance Technologies and John Overdeck and David Siegel’s Two Sigma Advisors.
As industrywide interest jumped, key money managers were breaking ground themselves. Diamond Hill Capital, managed by Ric Dillon, created the most valuable position in The Navigators Group, Inc (NASDAQ:NAVG). Diamond Hill Capital had 10.4 million invested in the company at the end of the quarter. Jim Simons’s Renaissance Technologies also made a $0.5 million investment in the stock during the quarter. The only other fund with a new position in the stock is John Overdeck and David Siegel’s Two Sigma Advisors.
How are insiders trading The Navigators Group, Inc (NASDAQ:NAVG)?
Insider buying is particularly usable when the company in question has seen transactions within the past 180 days. Over the latest six-month time frame, The Navigators Group, Inc (NASDAQ:NAVG) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
Let’s go over hedge fund and insider activity in other stocks similar to The Navigators Group, Inc (NASDAQ:NAVG). These stocks are Employers Holdings, Inc. (NYSE:EIG), Safety Insurance Group, Inc. (NASDAQ:SAFT), Greenlight Capital Re, Ltd. (NASDAQ:GLRE), Maiden Holdings, Ltd. (NASDAQ:MHLD), and Horace Mann Educators Corporation (NYSE:HMN). All of these stocks are in the property & casualty insurance industry and their market caps are similar to NAVG’s market cap.