Navigators Group (NAVG) Downgraded by ValuEngine

ValuEngine cut shares of Navigators Group (NASDAQ:NAVG) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

Other equities analysts also recently issued reports about the company. Sandler O’Neill upgraded Navigators Group from a hold rating to a buy rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded Navigators Group from a hold rating to a buy rating and set a $55.00 target price for the company in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods reiterated a hold rating and issued a $56.00 target price on shares of Navigators Group in a research report on Monday, October 16th. Finally, Boenning Scattergood restated a hold rating on shares of Navigators Group in a research report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $52.67.

Navigators Group (NASDAQ NAVG) opened at $47.25 on Friday. 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 company has a market capitalization of $1,435.33, a PE ratio of 52.88 and a beta of 0.71. Navigators Group has a 1 year low of $45.80 and a 1 year high of $60.35.

Several institutional investors and hedge funds have recently modified their holdings of NAVG. Westpac Banking Corp bought a new position in shares of Navigators Group during the third quarter worth about $8,034,000. Wells Fargo & Company MN raised its position in shares of Navigators Group by 531.3% during the third 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 during the last quarter. Atlanta Capital Management Co. L L C raised its position in shares of Navigators Group by 17.1% during the second 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 during the last quarter. Vanguard Group Inc. raised its position in shares of Navigators Group by 3.9% during the second 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 during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Navigators Group by 20.8% during the second 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 during the last quarter. Institutional investors own 73.22% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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