Weekly Investment Analysts’ Ratings Updates for Navigators Group (NAVG)

Navigators Group (NASDAQ: NAVG) recently received a number of ratings updates from brokerages and research firms:

  • 1/4/2018 – Navigators Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The Navigators Group, Inc. is a holding company with twelve active wholly owned subsidiaries. They primarily write marine, onshore energy, engineering and construction insurance, and a contractors’ general liability program. As underwritten by Navigators, marine insurance includes hull, energy, liability and cargo; onshore energy primarily covers property damage with an emphasis on the oil and petrochemical sectors; and engineering and construction primarily covers construction projects including machinery, equipment and loss of use due to delays. “
  • 1/3/2018 – Navigators Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “The Navigators Group, Inc. is a holding company with twelve active wholly owned subsidiaries. They primarily write marine, onshore energy, engineering and construction insurance, and a contractors’ general liability program. As underwritten by Navigators, marine insurance includes hull, energy, liability and cargo; onshore energy primarily covers property damage with an emphasis on the oil and petrochemical sectors; and engineering and construction primarily covers construction projects including machinery, equipment and loss of use due to delays. “
  • 12/31/2017 – Navigators Group was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 12/21/2017 – Navigators Group had its “sell” rating reaffirmed by analysts at Keefe, Bruyette & Woods.
  • 12/21/2017 – Navigators Group was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 12/7/2017 – Navigators Group was upgraded by analysts at Sandler O’Neill from a “hold” rating to a “buy” rating.
  • 12/6/2017 – Navigators Group was downgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “underperform” rating. They now have a $45.00 price target on the stock.

Shares of Navigators Group Inc (NAVG) remained flat at $$48.90 during mid-day trading on Thursday. The company’s stock had a trading volume of 70,500 shares, compared to its average volume of 112,943. 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 cap of $1,438.28, a P/E ratio of 42.52 and a beta of 0.78. Navigators Group Inc has a 1-year low of $45.80 and a 1-year high of $60.35.

Navigators Group (NASDAQ:NAVG) last announced its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.00) EPS for the quarter, missing the Zacks’ 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 business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 EPS. analysts forecast that Navigators Group Inc will post 0.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders 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 currently 20.87%.

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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