The Navigators Group, Inc. (NAVG) Receives Average Rating of “Hold” from Analysts

Shares of The Navigators Group, Inc. (NASDAQ:NAVG) have been given an average recommendation of “Hold” by the seven analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $51.50.

A number of research analysts recently issued reports on the company. Zacks Investment Research raised The Navigators Group from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Tuesday, September 26th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $55.00 price objective on shares of The Navigators Group in a report on Thursday, September 21st. Sandler O’Neill raised The Navigators Group from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Finally, BidaskClub raised The Navigators Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd.

The Navigators Group (NASDAQ:NAVG) opened at $48.85 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.23. The Navigators Group has a twelve month low of $45.80 and a twelve month high of $62.03. The stock has a market capitalization of $1,440.00, a PE ratio of 53.31 and a beta of 0.78.

The Navigators Group (NASDAQ:NAVG) last released its quarterly earnings results 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 business had revenue of $326.47 million during the quarter, compared to the consensus estimate of $307.12 million. During the same period in the prior year, the firm earned $1.40 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. research analysts predict that The Navigators Group will post 0.93 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.24 annualized dividend and a yield of 0.49%. The Navigators Group’s dividend payout ratio is currently 20.69%.

A number of large investors have recently made changes to their positions in NAVG. Teachers Advisors LLC raised its holdings in The Navigators Group by 106.8% during the 1st quarter. Teachers Advisors LLC now owns 42,001 shares of the insurance provider’s stock worth $2,281,000 after purchasing an additional 21,689 shares during the last quarter. Credit Suisse AG raised its holdings in The Navigators Group by 53.2% during the 1st quarter. Credit Suisse AG now owns 21,418 shares of the insurance provider’s stock worth $1,164,000 after purchasing an additional 7,436 shares during the last quarter. Bank of Montreal Can raised its holdings in The Navigators Group by 4.9% during the 2nd quarter. Bank of Montreal Can now owns 2,073 shares of the insurance provider’s stock worth $113,000 after purchasing an additional 97 shares during the last quarter. Aperio Group LLC raised its holdings in The Navigators Group by 5.9% during the 2nd quarter. Aperio Group LLC now owns 8,797 shares of the insurance provider’s stock worth $483,000 after purchasing an additional 487 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in The Navigators Group by 15.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 73,277 shares of the insurance provider’s stock worth $4,023,000 after purchasing an additional 9,621 shares during the last quarter. 73.97% of the stock is owned by hedge funds and other institutional investors.

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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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