Navigators Group (NASDAQ:NAVG) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Monday.
NAVG has been the subject of several other research reports. Keefe, Bruyette & Woods cut shares of Navigators Group from a “market perform” rating to an “underperform” rating and set a $45.00 price target for the company. in a report on Wednesday, December 6th. Zacks Investment Research cut shares of Navigators Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 17th. ValuEngine cut shares of Navigators Group from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Boenning Scattergood reiterated a “hold” rating on shares of Navigators Group in a report on Monday, November 6th. Finally, Sandler O’Neill upgraded shares of Navigators Group from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Three 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 stock currently has a consensus rating of “Hold” and a consensus target price of $52.67.
Shares of Navigators Group (NASDAQ NAVG) traded down $1.40 during midday trading on Monday, reaching $47.25. 159,148 shares of the company were exchanged, compared to its average volume of 93,398. The firm has a market capitalization of $1,435.33, a PE ratio of 41.09 and a beta of 0.71. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.44 and a current ratio of 0.44. Navigators Group has a 52-week low of $45.80 and a 52-week high of $60.35.
Navigators Group (NASDAQ:NAVG) last issued its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.00) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.63) by ($0.37). The firm had revenue of $326.47 million for the quarter, compared to analyst estimates of $307.12 million. Navigators Group had a net margin of 2.79% and a return on equity of 2.32%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. analysts forecast that Navigators Group will post 0.85 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Comerica Bank boosted its holdings in shares of Navigators Group by 20.7% in the fourth quarter. Comerica Bank now owns 227,044 shares of the insurance provider’s stock valued at $11,091,000 after buying an additional 38,887 shares during the period. Boston Partners boosted its holdings in Navigators Group by 2.1% during the fourth quarter. Boston Partners now owns 275,220 shares of the insurance provider’s stock worth $13,403,000 after purchasing an additional 5,594 shares during the last quarter. Moody Aldrich Partners LLC boosted its holdings in Navigators Group by 23.3% during the fourth quarter. Moody Aldrich Partners LLC now owns 26,494 shares of the insurance provider’s stock worth $1,290,000 after purchasing an additional 5,008 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Navigators Group during the fourth quarter worth $2,702,000. Finally, Reinhart Partners Inc. boosted its holdings in Navigators Group by 28.1% during the fourth quarter. Reinhart Partners Inc. now owns 68,704 shares of the insurance provider’s stock worth $3,346,000 after purchasing an additional 15,080 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.
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