Analysts predict that Navigators Group Inc (NASDAQ:NAVG) will announce $0.58 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Navigators Group’s earnings, with estimates ranging from $0.50 to $0.65. Navigators Group also posted earnings per share of $0.58 in the same quarter last year. The firm is expected to announce its next earnings report on Thursday, February 15th.

Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Navigators Group.

Navigators Group (NASDAQ:NAVG) last issued its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.00) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.63) by ($0.37). Navigators Group had a return on equity of 2.32% and a net margin of 2.79%. The business had revenue of $326.47 million for the quarter, compared to analysts’ expectations of $307.12 million. During the same period in the prior year, the company earned $1.40 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year.

A number of analysts have recently commented on NAVG shares. Sandler O’Neill upgraded Navigators Group from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Zacks Investment Research upgraded Navigators Group from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Tuesday, September 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $55.00 price objective on shares of Navigators Group in a report on Thursday, September 21st. Finally, Boenning Scattergood restated a “hold” rating on shares of Navigators Group in a report on Monday, November 6th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $52.67.

Hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. increased its holdings 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 buying an additional 2,184 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in Navigators Group in the 2nd quarter valued at $202,000. Cubist Systematic Strategies LLC acquired a new stake in Navigators Group in the 3rd quarter valued at $204,000. BlueCrest Capital Management Ltd acquired a new stake in Navigators Group in the 2nd quarter valued at $241,000. Finally, DF Dent & Co. Inc. acquired a new stake in Navigators Group in the 2nd quarter valued at $253,000. Institutional investors and hedge funds own 73.95% of the company’s stock.

Shares of Navigators Group (NASDAQ NAVG) traded up $0.15 during trading on Friday, hitting $49.05. The company’s stock had a trading volume of 76,723 shares, compared to its average volume of 93,265. Navigators Group has a one year low of $45.80 and a one year high of $60.35. The stock has a market cap of $1,442.71, a price-to-earnings ratio of 42.65 and a beta of 0.78. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.23.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, November 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.49%. Navigators Group’s payout ratio is 20.87%.

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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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