Wall Street analysts forecast that Navigators Group Inc (NASDAQ:NAVG) will announce sales of $336.51 million for the current quarter, Zacks reports. Two analysts have provided estimates for Navigators Group’s earnings, with the highest sales estimate coming in at $337.02 million and the lowest estimate coming in at $336.00 million. Navigators Group posted sales of $306.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The company is expected to report its next quarterly earnings results on Thursday, February 15th.

According to Zacks, analysts expect that Navigators Group will report full-year sales of $336.51 million for the current financial year, with estimates ranging from $1.28 billion to $1.29 billion. For the next year, analysts forecast that the firm will post sales of $1.39 billion per share, with estimates ranging from $1.38 billion to $1.40 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Navigators Group.

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

Several analysts recently commented on NAVG shares. Zacks Investment Research downgraded Navigators Group from a “buy” rating to a “hold” rating in a research note on Friday. ValuEngine downgraded Navigators Group from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Keefe, Bruyette & Woods reaffirmed a “sell” rating on shares of Navigators Group in a research note on Thursday, December 21st. Finally, BidaskClub downgraded Navigators Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 21st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Navigators Group currently has a consensus rating of “Hold” and a consensus target price of $52.67.

A number of institutional investors have recently modified their holdings of the stock. Sei Investments Co. raised its stake in shares of Navigators Group by 2,600.0% in the 3rd quarter. Sei Investments Co. now owns 2,268 shares of the insurance provider’s stock valued at $132,000 after purchasing an additional 2,184 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Navigators Group in the 3rd quarter valued at about $204,000. Neuberger Berman Group LLC acquired a new stake in shares of Navigators Group in the 2nd quarter valued at about $202,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Navigators Group in the 2nd quarter valued at about $241,000. Finally, DF Dent & Co. Inc. acquired a new stake in shares of Navigators Group in the 2nd quarter valued at about $253,000. 73.95% of the stock is currently owned by institutional investors and hedge funds.

Navigators Group (NASDAQ:NAVG) opened at $49.05 on Monday. Navigators Group has a 12-month low of $45.80 and a 12-month high of $60.35. 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 $1,447.13, a price-to-earnings ratio of 42.65 and a beta of 0.78.

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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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