The Navigators Group, Inc. (NASDAQ:NAVG) – Research analysts at Boenning Scattergood raised their Q2 2018 earnings per share estimates for The Navigators Group in a note issued to investors on Thursday. Boenning Scattergood analyst R. Farnam now expects that the insurance provider will earn $0.66 per share for the quarter, up from their previous estimate of $0.59. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for The Navigators Group’s Q3 2018 earnings at $0.57 EPS, FY2018 earnings at $2.88 EPS and FY2019 earnings at $3.12 EPS.
The Navigators Group (NASDAQ:NAVG) last announced its 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 company had revenue of $326.47 million for the quarter, compared to analysts’ expectations of $307.12 million. The Navigators Group had a net margin of 2.79% and a return on equity of 2.32%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 earnings per share.
Shares of The Navigators Group (NAVG) traded up $0.25 during trading hours on Monday, hitting $48.95. The company had a trading volume of 60,659 shares, compared to its average volume of 78,388. The stock has a market cap of $1,436.81, a P/E ratio of 42.57 and a beta of 0.78. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.23. The Navigators Group has a 1-year low of $45.80 and a 1-year high of $61.81.
Several institutional investors and hedge funds have recently modified their holdings of NAVG. Westpac Banking Corp acquired a new position in shares of The Navigators Group in the 3rd quarter worth approximately $8,034,000. Wells Fargo & Company MN grew its position in shares of The Navigators Group by 531.3% in the 3rd quarter. Wells Fargo & Company MN now owns 118,616 shares of the insurance provider’s stock worth $6,922,000 after acquiring an additional 99,826 shares in the last quarter. Atlanta Capital Management Co. L L C grew its position in shares of The Navigators Group by 17.1% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 662,360 shares of the insurance provider’s stock worth $36,364,000 after acquiring an additional 96,839 shares in the last quarter. Vanguard Group Inc. grew its position in shares of The Navigators Group by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,246,404 shares of the insurance provider’s stock worth $123,328,000 after acquiring an additional 83,530 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of The Navigators Group by 20.8% in the 2nd quarter. Renaissance Technologies LLC now owns 407,492 shares of the insurance provider’s stock worth $22,371,000 after acquiring an additional 70,200 shares in the last quarter. Institutional investors own 73.95% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, November 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 0.49%. The Navigators Group’s dividend payout ratio (DPR) is presently 20.87%.
The 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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