Navigators Group (NAVG) Releases Quarterly Earnings Results, Beats Expectations By $0.22 EPS
Navigators Group (NASDAQ:NAVG) issued its quarterly earnings data on Friday. The company reported $1.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.91 by $0.22, AnalystRatingsNetwork.com reports. The company had revenue of $248.70 million for the quarter, compared to the consensus estimate of $221.03 million. During the same quarter last year, the company posted $0.59 earnings per share.
On a related note, analysts at William Blair initiated coverage on shares of Navigators Group in a research note on Thursday, December 19th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $61.25.
Navigators Group (NASDAQ:NAVG) opened at 60.76 on Friday. Navigators Group has a 1-year low of $53.58 and a 1-year high of $67.56. The stock’s 50-day moving average is $61.06 and its 200-day moving average is $59.1. The company has a market cap of $859.6 million and a P/E ratio of 11.18.
The Navigators Group, Inc is an international insurance company focusing on specialty products within the overall property casualty insurance market.
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