Navigators Group, Inc. (NASDAQ:NAVG) insider Carl L. Bach III sold 2,000 shares of the stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $56.51, for a total transaction of $113,020.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ:NAVG traded down $0.70 on Friday, reaching $57.00. 84,846 shares of the company’s stock were exchanged, compared to its average volume of 98,831. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.22. The firm has a market cap of $1,712.11, a PE ratio of 49.78 and a beta of 0.50. Navigators Group, Inc. has a twelve month low of $45.80 and a twelve month high of $60.35.
Navigators Group (NASDAQ:NAVG) last posted its quarterly earnings results on Thursday, February 15th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.22. The business had revenue of $305.10 million for the quarter, compared to analyst estimates of $314.59 million. Navigators Group had a net margin of 3.08% and a return on equity of 2.85%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. research analysts expect that Navigators Group, Inc. will post 2.8 EPS for the current year.
A number of research analysts have issued reports on NAVG shares. Zacks Investment Research lowered shares of Navigators Group from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Sandler O’Neill upgraded shares of Navigators Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. BidaskClub lowered shares of Navigators Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 21st. Keefe, Bruyette & Woods restated a “sell” rating and set a $52.00 target price on shares of Navigators Group in a research report on Friday, February 23rd. Finally, Boenning Scattergood restated a “hold” rating on shares of Navigators Group in a research report on Friday, February 16th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $57.00.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. boosted its position 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 worth $132,000 after acquiring an additional 2,184 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Navigators Group during the 3rd quarter worth approximately $204,000. Bank of Montreal Can boosted its position in shares of Navigators Group by 30.5% during the 4th quarter. Bank of Montreal Can now owns 4,585 shares of the insurance provider’s stock worth $223,000 after acquiring an additional 1,071 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Navigators Group during the 3rd quarter worth approximately $364,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Navigators Group during the 4th quarter worth approximately $393,000. Institutional investors and hedge funds own 76.44% of the company’s stock.
About Navigators Group
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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