The Navigators Group (NASDAQ:NAVG) was downgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “underperform” rating in a research note issued to investors on Wednesday.

Other analysts also recently issued reports about the stock. BidaskClub raised shares of The Navigators Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised shares of The Navigators Group from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Tuesday, September 5th. Boenning Scattergood reissued a “hold” rating on shares of The Navigators Group in a research report on Monday, November 6th. Finally, ValuEngine downgraded shares of The Navigators Group from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $59.67.

Shares of The Navigators Group (NASDAQ NAVG) traded down $0.50 on Wednesday, reaching $50.50. 96,900 shares of the company were exchanged, compared to its average volume of 75,254. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market capitalization of $1,504.66, a P/E ratio of 55.44 and a beta of 0.78. The Navigators Group has a 52-week low of $49.80 and a 52-week high of $62.03.

The Navigators Group (NASDAQ:NAVG) last posted its earnings results on Thursday, November 2nd. The insurance provider reported ($1.00) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by ($0.37). The business had revenue of $326.47 million during the quarter, compared to the consensus estimate of $307.12 million. The Navigators Group had a return on equity of 2.32% and a net margin of 2.79%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 earnings per share. equities analysts predict that The Navigators Group will post 0.93 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC acquired a new position in The Navigators Group during the 3rd quarter valued at $204,000. Dimensional Fund Advisors LP raised its stake in The Navigators Group by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,482,875 shares of the insurance provider’s stock valued at $144,876,000 after purchasing an additional 8,309 shares during the last quarter. Moody Aldrich Partners LLC raised its stake in The Navigators Group by 12.7% during the 3rd quarter. Moody Aldrich Partners LLC now owns 21,486 shares of the insurance provider’s stock valued at $1,254,000 after purchasing an additional 2,421 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in The Navigators Group by 18.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 117,870 shares of the insurance provider’s stock valued at $6,878,000 after purchasing an additional 18,282 shares during the last quarter. Finally, Commonwealth Bank of Australia raised its stake in The Navigators Group by 10.2% during the 3rd quarter. Commonwealth Bank of Australia now owns 172,576 shares of the insurance provider’s stock valued at $9,955,000 after purchasing an additional 16,017 shares during the last quarter. 73.97% of the stock is owned by institutional investors and hedge funds.

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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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