Equities analysts expect The Navigators Group, Inc. (NASDAQ:NAVG) to post sales of $336.76 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for The Navigators Group’s earnings. The lowest sales estimate is $336.00 million and the highest is $337.52 million. The Navigators Group posted sales of $306.00 million during the same quarter last year, which suggests a positive year over year growth rate of 10.1%. The firm is expected to report its next earnings results on Thursday, February 15th.
According to Zacks, analysts expect that The Navigators Group will report full-year sales of $336.76 million for the current year, with estimates ranging from $1.22 billion to $1.28 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.39 billion per share, with estimates ranging from $1.38 billion to $1.41 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow The Navigators Group.
The Navigators Group (NASDAQ:NAVG) last announced its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.00) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.63) by ($0.37). The Navigators Group had a net margin of 2.79% and a return on equity of 2.32%. The firm had revenue of $326.47 million during the quarter, compared to analysts’ expectations of $307.12 million. During the same period in the prior year, the company posted $1.40 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year.
Shares of The Navigators Group (NASDAQ NAVG) opened at $48.20 on Tuesday. 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 1-year low of $45.80 and a 1-year high of $62.03. The stock has a market cap of $1,432.38, a PE ratio of 52.77 and a beta of 0.78.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.50%. The ex-dividend date is Wednesday, November 22nd. The Navigators Group’s dividend payout ratio (DPR) is presently 20.87%.
A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in The Navigators Group by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,482,875 shares of the insurance provider’s stock worth $144,876,000 after buying an additional 8,309 shares during the period. Vanguard Group Inc. boosted its stake in The Navigators Group by 3.9% during the second quarter. Vanguard Group Inc. now owns 2,246,404 shares of the insurance provider’s stock worth $123,328,000 after buying an additional 83,530 shares during the period. Frontier Capital Management Co. LLC boosted its stake in The Navigators Group by 2.0% during the third quarter. Frontier Capital Management Co. LLC now owns 997,604 shares of the insurance provider’s stock worth $58,210,000 after buying an additional 19,110 shares during the period. Northern Trust Corp boosted its stake in The Navigators Group by 1.7% during the second quarter. Northern Trust Corp now owns 991,692 shares of the insurance provider’s stock worth $54,444,000 after buying an additional 16,343 shares during the period. Finally, Atlanta Capital Management Co. L L C boosted its stake in 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 buying an additional 96,839 shares during the period. 73.97% of the stock is owned by institutional investors.
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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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