Brokerages Anticipate Navigators Group Inc (NAVG) Will Announce Quarterly Sales of $385.53 Million

Equities analysts expect that Navigators Group Inc (NASDAQ:NAVG) will report $385.53 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Navigators Group’s earnings, with estimates ranging from $382.16 million to $388.90 million. Navigators Group reported sales of $324.88 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.7%. The firm is expected to report its next quarterly earnings results on Thursday, February 21st.

On average, analysts expect that Navigators Group will report full year sales of $1.46 billion for the current year, with estimates ranging from $1.46 billion to $1.47 billion. For the next fiscal year, analysts expect that the company will post sales of $1.61 billion, with estimates ranging from $1.60 billion to $1.62 billion. Zacks’ sales averages are a mean average based on a survey of research firms that cover Navigators Group.

Navigators Group (NASDAQ:NAVG) last released its quarterly earnings results on Wednesday, November 7th. The insurance provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.52). The company had revenue of $374.41 million for the quarter, compared to analysts’ expectations of $373.96 million. Navigators Group had a return on equity of 7.27% and a net margin of 6.54%.

A number of equities research analysts have recently commented on NAVG shares. Boenning Scattergood reaffirmed a “hold” rating on shares of Navigators Group in a research report on Thursday, August 9th. ValuEngine raised Navigators Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. BidaskClub downgraded Navigators Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. Sandler O’Neill downgraded Navigators Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Finally, Keefe, Bruyette & Woods set a $62.00 price objective on Navigators Group and gave the company a “hold” rating in a research report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $65.67.

Several large investors have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Navigators Group by 16.0% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,543 shares of the insurance provider’s stock valued at $383,000 after acquiring an additional 765 shares during the last quarter. Arizona State Retirement System boosted its holdings in Navigators Group by 2.5% in the third quarter. Arizona State Retirement System now owns 33,681 shares of the insurance provider’s stock valued at $2,327,000 after acquiring an additional 807 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Navigators Group by 2.4% in the third quarter. Wells Fargo & Company MN now owns 39,545 shares of the insurance provider’s stock valued at $2,733,000 after acquiring an additional 941 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Navigators Group by 2.6% in the third quarter. Teachers Advisors LLC now owns 40,458 shares of the insurance provider’s stock valued at $2,796,000 after acquiring an additional 1,038 shares during the last quarter. Finally, Stanley Laman Group Ltd. boosted its holdings in Navigators Group by 12.8% in the second quarter. Stanley Laman Group Ltd. now owns 9,997 shares of the insurance provider’s stock valued at $570,000 after acquiring an additional 1,131 shares during the last quarter. 74.54% of the stock is owned by institutional investors and hedge funds.

Navigators Group stock opened at $69.47 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 59.89 and a beta of 0.56. Navigators Group has a fifty-two week low of $45.80 and a fifty-two week high of $71.45.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, November 30th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Thursday, November 29th. Navigators Group’s dividend payout ratio is currently 24.14%.

About Navigators Group

The Navigators Group, Inc, together with its subsidiaries, underwrites marine, property and casualty, and professional liability insurance products and services in the United States and internationally. The company operates through the U.S. Insurance, International Insurance, Global Reinsurance, and Corporate segments.

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