The Navigators Group (NAVG) Rating Reiterated by Keefe, Bruyette & Woods

The Navigators Group (NASDAQ:NAVG)‘s stock had its “sell” rating restated by investment analysts at Keefe, Bruyette & Woods in a research note issued on Thursday.

Other research analysts have also issued research reports about the company. Sandler O’Neill raised The Navigators Group from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Zacks Investment Research raised The Navigators Group from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Tuesday, September 5th. BidaskClub raised The Navigators Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Boenning Scattergood restated a “hold” rating on shares of The Navigators Group in a research note on Monday, November 6th. Finally, ValuEngine downgraded The Navigators Group from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.00.

The Navigators Group (NASDAQ NAVG) opened at $48.70 on Thursday. The company has a market capitalization of $1,430.00, a P/E ratio of 41.98 and a beta of 0.78. The Navigators Group has a 12-month low of $45.80 and a 12-month high of $61.81. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.44 and a current ratio of 0.44.

The Navigators Group (NASDAQ:NAVG) last released its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.00) EPS for the quarter, missing the consensus estimate of ($0.63) by ($0.37). The firm had revenue of $326.47 million for the quarter, compared to analyst estimates of $307.12 million. The Navigators Group had a return on equity of 2.32% and a net margin of 2.79%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $1.40 EPS. equities analysts expect that The Navigators Group will post 0.93 EPS for the current year.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in The Navigators Group by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,482,875 shares of the insurance provider’s stock valued at $144,876,000 after purchasing an additional 8,309 shares during the last quarter. Vanguard Group Inc. increased its stake in The Navigators Group by 3.9% in the second quarter. Vanguard Group Inc. now owns 2,246,404 shares of the insurance provider’s stock valued at $123,328,000 after purchasing an additional 83,530 shares during the last quarter. Frontier Capital Management Co. LLC increased its stake in The Navigators Group by 2.0% in the third quarter. Frontier Capital Management Co. LLC now owns 997,604 shares of the insurance provider’s stock valued at $58,210,000 after purchasing an additional 19,110 shares during the last quarter. Northern Trust Corp increased its stake in The Navigators Group by 1.7% in the second quarter. Northern Trust Corp now owns 991,692 shares of the insurance provider’s stock valued at $54,444,000 after purchasing an additional 16,343 shares during the last quarter. Finally, Atlanta Capital Management Co. L L C increased its stake in The Navigators Group by 17.1% in the second quarter. Atlanta Capital Management Co. L L C now owns 662,360 shares of the insurance provider’s stock valued at $36,364,000 after purchasing an additional 96,839 shares during the last quarter. Institutional investors and hedge funds own 73.95% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://www.com-unik.info/2017/12/23/the-navigators-group-navg-rating-reiterated-by-keefe-bruyette-woods.html.

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.

Receive News & Ratings for The Navigators Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Navigators Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit