The Navigators Group (NASDAQ:NAVG) was upgraded by Sandler O’Neill from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Several other analysts also recently issued reports on NAVG. Zacks Investment Research raised The Navigators Group from a “hold” rating to a “strong-buy” rating and set a $65.00 target price on the stock in a research note on Wednesday, August 9th. BidaskClub raised The Navigators Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $55.00 target price on shares of The Navigators Group in a research note on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $56.00.

The Navigators Group (NAVG) opened at $46.35 on Thursday. 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 Navigators Group has a 12 month low of $45.80 and a 12 month high of $62.03. The company has a market capitalization of $1,489.91, a PE ratio of 54.89 and a beta of 0.78.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NAVG. Westpac Banking Corp purchased a new position in The Navigators Group during the 3rd quarter valued at approximately $8,034,000. Wells Fargo & Company MN grew its holdings in The Navigators Group by 531.3% during the 3rd quarter. Wells Fargo & Company MN now owns 118,616 shares of the insurance provider’s stock valued at $6,922,000 after buying an additional 99,826 shares in the last quarter. Atlanta Capital Management Co. L L C grew its holdings in The Navigators Group by 17.1% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 662,360 shares of the insurance provider’s stock valued at $36,364,000 after buying an additional 96,839 shares in the last quarter. Vanguard Group Inc. grew its holdings in The Navigators Group by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,246,404 shares of the insurance provider’s stock valued at $123,328,000 after buying an additional 83,530 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in The Navigators Group by 20.8% during the 2nd quarter. Renaissance Technologies LLC now owns 407,492 shares of the insurance provider’s stock valued at $22,371,000 after buying an additional 70,200 shares in the last quarter. Institutional investors and hedge funds own 73.97% of the company’s stock.

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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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