The Navigators Group, Inc. (NAVG) Given Consensus Recommendation of “Hold” by Brokerages
The Navigators Group, Inc. (NASDAQ:NAVG) has earned an average rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $56.75.
A number of research analysts have recently weighed in on NAVG shares. Zacks Investment Research raised The Navigators Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $55.50 price target on shares of The Navigators Group in a research note on Wednesday, March 22nd. ValuEngine downgraded The Navigators Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Boenning Scattergood assumed coverage on The Navigators Group in a research note on Wednesday, June 28th. They set a “neutral” rating on the stock. Finally, Sidoti assumed coverage on The Navigators Group in a research note on Thursday, June 22nd. They set a “neutral” rating and a $58.00 price objective on the stock.
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In other news, insider Colin Sprott sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $52.73, for a total value of $527,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vincent C. Tizzio sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $52.68, for a total value of $1,053,600.00. The disclosure for this sale can be found here. Insiders sold a total of 55,000 shares of company stock worth $2,933,900 in the last three months. Company insiders own 24.10% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new position in shares of The Navigators Group during the first quarter valued at $105,000. Bank of Montreal Can boosted its position in shares of The Navigators Group by 4.9% in the second quarter. Bank of Montreal Can now owns 2,073 shares of the insurance provider’s stock valued at $113,000 after buying an additional 97 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of The Navigators Group by 104.2% in the first quarter. State of Alaska Department of Revenue now owns 2,450 shares of the insurance provider’s stock valued at $133,000 after buying an additional 1,250 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of The Navigators Group by 42.1% in the first quarter. SG Americas Securities LLC now owns 2,942 shares of the insurance provider’s stock valued at $160,000 after buying an additional 871 shares during the last quarter. Finally, Contravisory Investment Management Inc. boosted its position in shares of The Navigators Group by 100.0% in the first quarter. Contravisory Investment Management Inc. now owns 3,778 shares of the insurance provider’s stock valued at $205,000 after buying an additional 1,889 shares during the last quarter. Institutional investors own 72.99% of the company’s stock.
The Navigators Group (NASDAQ NAVG) traded down 0.27% during mid-day trading on Tuesday, hitting $54.75. The stock had a trading volume of 14,675 shares. The firm has a market cap of $1.61 billion, a P/E ratio of 20.42 and a beta of 0.76. The stock has a 50 day moving average of $53.23 and a 200-day moving average of $66.17. The Navigators Group has a 1-year low of $43.56 and a 1-year high of $62.04.
The Navigators Group (NASDAQ:NAVG) last released its quarterly earnings results on Thursday, May 4th. The insurance provider reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.01. The business had revenue of $308.60 million for the quarter, compared to the consensus estimate of $297.34 million. The Navigators Group had a return on equity of 5.99% and a net margin of 6.64%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $1.36 earnings per share. Analysts predict that The Navigators Group will post $2.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 9th were paid a $0.06 dividend. This is an increase from The Navigators Group’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $0.24 annualized dividend and a dividend yield of 0.44%. The Navigators Group’s dividend payout ratio (DPR) is currently 8.96%.
The Navigators Group Company Profile
The Navigators Group, Inc is an insurance holding company. The Company is an international insurance company focused on marine insurance. The Company’s segments include 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 U.S.
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