Q4 2017 EPS Estimates for The Navigators Group, Inc. Increased by Analyst (NAVG)
The Navigators Group, Inc. (NASDAQ:NAVG) – Equities researchers at William Blair increased their Q4 2017 earnings estimates for The Navigators Group in a research report issued to clients and investors on Monday. William Blair analyst A. Klauber now expects that the insurance provider will post earnings per share of $0.49 for the quarter, up from their previous estimate of $0.47. William Blair also issued estimates for The Navigators Group’s Q1 2018 earnings at $0.79 EPS, Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.40 EPS and FY2018 earnings at $2.37 EPS.
The Navigators Group (NASDAQ:NAVG) last issued its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.08. The company had revenue of $293.80 million for the quarter, compared to the consensus estimate of $297.82 million. The Navigators Group had a return on equity of 6.53% and a net margin of 6.86%. The Navigators Group’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 earnings per share.
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Several other research firms have also recently issued reports on NAVG. Sidoti initiated coverage on The Navigators Group in a research report on Thursday, June 22nd. They set a “neutral” rating and a $58.00 target price on the stock. Boenning Scattergood initiated coverage on The Navigators Group in a research report on Wednesday, June 28th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded The Navigators Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Finally, ValuEngine cut The Navigators Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $56.75.
The Navigators Group (NAVG) opened at 56.50 on Tuesday. The firm’s 50-day moving average price is $54.91 and its 200-day moving average price is $56.06. The Navigators Group has a 12 month low of $45.17 and a 12 month high of $62.04. The stock has a market cap of $1.66 billion, a P/E ratio of 21.07 and a beta of 0.77.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Tuesday, August 22nd. The Navigators Group’s dividend payout ratio (DPR) is 8.48%.
In other news, insider Colin Sprott sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $52.73, for a total transaction of $527,300.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Vincent C. Tizzio sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was 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 have sold a total of 55,000 shares of company stock worth $2,933,900 in the last three months. Corporate insiders own 24.10% of the company’s stock.
Large investors have recently made changes to their positions in the company. Swiss National Bank raised its stake in shares of The Navigators Group by 100.0% in the first quarter. Swiss National Bank now owns 40,800 shares of the insurance provider’s stock valued at $2,215,000 after buying an additional 20,400 shares during the period. Nationwide Fund Advisors raised its stake in shares of The Navigators Group by 88.0% in the first quarter. Nationwide Fund Advisors now owns 56,562 shares of the insurance provider’s stock valued at $3,071,000 after buying an additional 26,469 shares during the period. Stevens Capital Management LP purchased a new stake in shares of The Navigators Group during the first quarter valued at approximately $248,000. Prudential Financial Inc. raised its stake in shares of The Navigators Group by 1.8% in the first quarter. Prudential Financial Inc. now owns 47,792 shares of the insurance provider’s stock valued at $2,595,000 after buying an additional 839 shares during the period. Finally, American International Group Inc. raised its stake in shares of The Navigators Group by 68.4% in the first quarter. American International Group Inc. now owns 13,810 shares of the insurance provider’s stock valued at $750,000 after buying an additional 5,610 shares during the period. 73.11% of the stock is currently owned by institutional investors and hedge funds.
About The Navigators Group
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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