Navigators Group Inc (NASDAQ:NAVG) insider Carl L. Bach III sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $56.51, for a total transaction of $113,020.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Navigators Group Inc (NASDAQ NAVG) traded up $0.25 on Monday, hitting $58.35. 70,884 shares of the company’s stock were exchanged, compared to its average volume of 104,149. Navigators Group Inc has a 1-year low of $45.80 and a 1-year high of $60.35. The firm has a market capitalization of $1,715.77, a PE ratio of 43.70 and a beta of 0.57. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.22.
Navigators Group (NASDAQ:NAVG) last announced its quarterly earnings results on Thursday, February 15th. The insurance provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.22. Navigators Group had a net margin of 3.08% and a return on equity of 2.85%. The business had revenue of $305.10 million during the quarter, compared to analysts’ expectations of $314.59 million. During the same period last year, the business earned $0.71 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. equities analysts forecast that Navigators Group Inc will post 2.8 earnings per share for the current year.
Several equities research analysts recently issued reports on NAVG shares. Keefe, Bruyette & Woods cut shares of Navigators Group from a “market perform” rating to an “underperform” rating and set a $45.00 price objective for the company. in a research report on Wednesday, December 6th. Zacks Investment Research cut shares of Navigators Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Sandler O’Neill restated a “hold” rating and set a $60.00 price objective on shares of Navigators Group in a research report on Friday, February 16th. Finally, BidaskClub upgraded shares of Navigators Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 17th. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $57.00.
Several institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC acquired a new stake in shares of Navigators Group during the fourth quarter valued at about $455,000. Millennium Management LLC increased its position in shares of Navigators Group by 198.8% during the fourth quarter. Millennium Management LLC now owns 135,869 shares of the insurance provider’s stock valued at $6,617,000 after acquiring an additional 90,405 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Navigators Group by 11.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 71,320 shares of the insurance provider’s stock valued at $3,473,000 after acquiring an additional 7,299 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of Navigators Group during the fourth quarter valued at about $754,000. Finally, Guggenheim Capital LLC increased its position in shares of Navigators Group by 6.0% during the fourth quarter. Guggenheim Capital LLC now owns 35,336 shares of the insurance provider’s stock valued at $1,720,000 after acquiring an additional 1,992 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.
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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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