The Navigators Group, Inc. (NAVG) Set to Announce Quarterly Earnings on Thursday
The Navigators Group, Inc. (NASDAQ:NAVG) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.56 per share for the quarter.
The Navigators Group (NASDAQ:NAVG) last released its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.08. The company had revenue of $293.80 million during 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 firm’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 EPS. On average, analysts expect The Navigators Group to post $1.31 EPS for the current fiscal year and $2.52 EPS for the next fiscal year.
Shares of The Navigators Group, Inc. (NASDAQ:NAVG) opened at 58.40 on Thursday. The stock’s 50 day moving average price is $57.69 and its 200 day moving average price is $55.11. The company has a market cap of $1.72 billion, a P/E ratio of 20.64 and a beta of 0.79. The Navigators Group, Inc. has a 1-year low of $45.38 and a 1-year high of $62.04.
In other The Navigators Group news, Director Patricia H. Roberts purchased 1,355 shares of the stock in a transaction on Friday, August 18th. The shares were purchased at an average price of $55.29 per share, with a total value of $74,917.95. Following the completion of the transaction, the director now directly owns 3,951 shares in the company, valued at $218,450.79. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP R Scott Eisdorfer sold 3,532 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $56.32, for a total value of $198,922.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,000 shares of company stock worth $1,123,880. Company insiders own 24.10% of the company’s stock.
A number of brokerages have weighed in on NAVG. Zacks Investment Research downgraded The Navigators Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 17th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $56.00 price target on shares of The Navigators Group in a research report on Monday, October 16th. Finally, BidaskClub raised The Navigators Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $59.67.
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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