Brokerages Anticipate Navigators Group Inc (NAVG) Will Post Earnings of $0.48 Per Share

Analysts expect that Navigators Group Inc (NASDAQ:NAVG) will post $0.48 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Navigators Group’s earnings, with the highest EPS estimate coming in at $0.61 and the lowest estimate coming in at $0.34. Navigators Group reported earnings per share of $0.81 during the same quarter last year, which would suggest a negative year-over-year growth rate of 40.7%. The firm is scheduled to report its next quarterly earnings results on Thursday, February 21st.

Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Navigators Group.

Navigators Group (NASDAQ:NAVG) last released its earnings results on Wednesday, November 7th. The insurance provider reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.52). Navigators Group had a return on equity of 7.27% and a net margin of 6.54%. The firm had revenue of $374.41 million during the quarter, compared to analysts’ expectations of $373.96 million.

A number of research firms have recently commented on NAVG. Keefe, Bruyette & Woods set a $70.00 price target on Navigators Group and gave the stock a “hold” rating in a report on Wednesday, August 22nd. Boenning Scattergood reaffirmed a “hold” rating on shares of Navigators Group in a report on Wednesday, August 22nd. ValuEngine raised Navigators Group from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. BidaskClub raised Navigators Group from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Finally, Zacks Investment Research lowered Navigators Group from a “hold” rating to a “sell” rating in a report on Friday, November 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Navigators Group has a consensus rating of “Hold” and an average price target of $65.67.

NASDAQ:NAVG traded up $0.07 during trading hours on Friday, reaching $69.47. The stock had a trading volume of 129,379 shares, compared to its average volume of 97,701. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.40 and a quick ratio of 0.40. Navigators Group has a 12-month low of $45.80 and a 12-month high of $71.45. The company has a market capitalization of $2.07 billion, a P/E ratio of 59.89 and a beta of 0.56.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, November 30th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, November 29th. Navigators Group’s payout ratio is currently 24.14%.

Several institutional investors have recently bought and sold shares of NAVG. Mint Tower Capital Management B.V. bought a new position in shares of Navigators Group in the third quarter worth $104,000. Dupont Capital Management Corp bought a new position in shares of Navigators Group in the third quarter worth $125,000. CIBC Asset Management Inc bought a new stake in Navigators Group during the third quarter valued at $201,000. C M Bidwell & Associates Ltd. bought a new stake in Navigators Group during the third quarter valued at $204,000. Finally, Federated Investors Inc. PA bought a new stake in Navigators Group during the second quarter valued at $209,000. 74.54% of the stock is owned by hedge funds and other institutional investors.

Navigators Group Company Profile

The Navigators Group, Inc, together with its subsidiaries, underwrites marine, property and casualty, and professional liability insurance products and services in the United States and internationally. The company operates through the U.S. Insurance, International Insurance, Global Reinsurance, and Corporate segments.

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Earnings History and Estimates for Navigators Group (NASDAQ:NAVG)

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