BidaskClub Lowers The Navigators Group (NAVG) to Strong Sell

BidaskClub cut shares of The Navigators Group (NASDAQ:NAVG) from a sell rating to a strong sell rating in a research report report published on Thursday morning.

Other analysts also recently issued reports about the company. Zacks Investment Research downgraded The Navigators Group from a buy rating to a hold rating in a report on Saturday, September 2nd. Keefe, Bruyette & Woods downgraded The Navigators Group from a market perform rating to an underperform rating and set a $45.00 price target for the company. in a report on Wednesday, December 6th. ValuEngine downgraded The Navigators Group from a hold rating to a sell rating in a report on Friday, November 10th. Boenning Scattergood reiterated a hold rating on shares of The Navigators Group in a report on Monday, November 6th. Finally, Sandler O’Neill upgraded The Navigators Group from a hold rating to a buy rating in a report on Thursday, December 7th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $56.00.

The Navigators Group (NASDAQ NAVG) opened at $48.70 on Thursday. 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 firm has a market capitalization of $1,430.00, a price-to-earnings ratio of 41.98 and a beta of 0.78. The Navigators Group has a 52-week low of $45.80 and a 52-week high of $61.81.

The Navigators Group (NASDAQ:NAVG) last issued its earnings results on Thursday, November 2nd. The insurance provider reported ($1.00) earnings per share for the quarter, missing the consensus estimate of ($0.63) by ($0.37). The firm had revenue of $326.47 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business posted $1.40 earnings per share. analysts predict that The Navigators Group will post 0.93 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were issued a $0.06 dividend. The ex-dividend date was 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%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of The Navigators Group by 3.9% during the second quarter. Vanguard Group Inc. now owns 2,246,404 shares of the insurance provider’s stock valued at $123,328,000 after acquiring an additional 83,530 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of The Navigators Group by 3.3% during the second quarter. Great West Life Assurance Co. Can now owns 33,907 shares of the insurance provider’s stock valued at $1,857,000 after acquiring an additional 1,080 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of The Navigators Group during the second quarter valued at about $266,000. Legal & General Group Plc grew its stake in shares of The Navigators Group by 7.7% during the second quarter. Legal & General Group Plc now owns 42,596 shares of the insurance provider’s stock valued at $2,338,000 after acquiring an additional 3,061 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of The Navigators Group by 15.2% during the second quarter. Public Employees Retirement System of Ohio now owns 60,974 shares of the insurance provider’s stock valued at $3,347,000 after acquiring an additional 8,026 shares in the last quarter. Hedge funds and other institutional investors own 73.95% of the company’s stock.

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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.

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