The Navigators Group, Inc. (NAVG) to Post Q4 2017 Earnings of $0.48 Per Share, William Blair Forecasts
The Navigators Group, Inc. (NASDAQ:NAVG) – Research analysts at William Blair dropped their Q4 2017 earnings per share (EPS) estimates for The Navigators Group in a research report issued on Monday. William Blair analyst A. Klauber now expects that the insurance provider will post earnings per share of $0.48 for the quarter, down from their prior forecast of $0.49. William Blair also issued estimates for The Navigators Group’s FY2018 earnings at $2.30 EPS.
NAVG has been the subject of a number of other reports. Zacks Investment Research lowered shares of The Navigators Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $55.00 price objective on shares of The Navigators Group in a research report on Thursday, September 21st. Boenning Scattergood started coverage on shares of The Navigators Group in a research report on Wednesday, June 28th. They issued a “neutral” rating for the company. Finally, BidaskClub upgraded shares of The Navigators Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $59.67.
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The Navigators Group (NASDAQ NAVG) traded down 0.26% during mid-day trading on Wednesday, reaching $57.75. 4,086 shares of the company’s stock were exchanged. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 20.41 and a beta of 0.79. The Navigators Group has a 52-week low of $45.38 and a 52-week high of $62.04. The company has a 50-day moving average of $57.08 and a 200-day moving average of $54.84.
The Navigators Group (NASDAQ:NAVG) last posted its quarterly earnings data on Thursday, August 3rd. The insurance provider reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.08. The firm had revenue of $293.80 million during the quarter, compared to the consensus estimate of $297.82 million. The Navigators Group had a net margin of 6.86% and a return on equity of 6.53%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 EPS.
Several hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its stake in shares of The Navigators Group by 15.2% during the second quarter. Public Employees Retirement System of Ohio now owns 60,974 shares of the insurance provider’s stock worth $3,347,000 after acquiring an additional 8,026 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of The Navigators Group during the second quarter worth approximately $266,000. DF Dent & Co. Inc. purchased a new position in shares of The Navigators Group during the second quarter worth approximately $253,000. Atlanta Capital Management Co. L L C raised its stake in shares of The Navigators Group by 17.1% during the second quarter. Atlanta Capital Management Co. L L C now owns 662,360 shares of the insurance provider’s stock worth $36,364,000 after acquiring an additional 96,839 shares in the last quarter. Finally, CS Mckee LP raised its stake in shares of The Navigators Group by 0.7% during the second quarter. CS Mckee LP now owns 30,700 shares of the insurance provider’s stock worth $1,685,000 after acquiring an additional 200 shares in the last quarter. 73.91% of the stock is currently owned by hedge funds and other institutional investors.
In other The Navigators Group news, SVP R Scott Eisdorfer sold 2,200 shares of The Navigators Group stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $55.82, for a total transaction of $122,804.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Patricia H. Roberts purchased 1,355 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were acquired at an average cost of $55.29 per share, for a total transaction of $74,917.95. Following the completion of the purchase, the director now directly owns 3,951 shares of the company’s stock, valued at approximately $218,450.79. The disclosure for this purchase can be found here. Insiders have sold 20,000 shares of company stock worth $1,123,880 over the last three months. Insiders own 24.10% of the company’s stock.
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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