Navigators Group Inc (NAVG) Given Average Rating of “Hold” by Analysts

Navigators Group Inc (NASDAQ:NAVG) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $58.00.

Several brokerages recently issued reports on NAVG. Zacks Investment Research upgraded shares of Navigators Group from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Tuesday, October 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $56.00 price target on shares of Navigators Group in a research note on Monday, October 16th. ValuEngine downgraded shares of Navigators Group from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Sandler O’Neill raised shares of Navigators Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Finally, BidaskClub downgraded shares of Navigators Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 21st.

Navigators Group (NAVG) opened at $48.95 on Tuesday. 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 stock has a market cap of $1,438.28, a PE ratio of 42.57 and a beta of 0.78. Navigators Group has a 12 month low of $45.80 and a 12 month high of $60.35.

Navigators Group (NASDAQ:NAVG) last issued its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.00) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by ($0.37). The business had revenue of $326.47 million during the quarter, compared to the consensus estimate of $307.12 million. Navigators Group had a return on equity of 2.32% and a net margin of 2.79%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.40 earnings per share. analysts anticipate that Navigators Group will post 0.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Wednesday, November 22nd. Navigators Group’s dividend payout ratio (DPR) is 20.87%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can boosted its holdings in shares of Navigators Group by 4.9% during the 2nd quarter. Bank of Montreal Can now owns 2,073 shares of the insurance provider’s stock valued at $113,000 after acquiring an additional 97 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Navigators Group by 2,600.0% during the 3rd quarter. Sei Investments Co. now owns 2,268 shares of the insurance provider’s stock valued at $132,000 after acquiring an additional 2,184 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Navigators Group during the 3rd quarter valued at about $204,000. Neuberger Berman Group LLC purchased a new stake in shares of Navigators Group during the 2nd quarter valued at about $202,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Navigators Group during the 2nd quarter valued at about $241,000. 73.95% of the stock is currently owned by hedge funds and other institutional investors.

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About 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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