Navigators Group Inc (NASDAQ:NAVG) has been assigned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.
Analysts have set a 1 year consensus price objective of $43.00 for the company and are expecting that the company will post $0.80 earnings per share for the current quarter, according to Zacks. Zacks has also given Navigators Group an industry rank of 214 out of 265 based on the ratings given to its competitors.
A number of research firms have recently commented on NAVG. Zacks Investment Research upgraded Navigators Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $55.50 target price on shares of Navigators Group in a report on Wednesday, March 22nd.
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Several large investors have recently made changes to their positions in NAVG. Huntington National Bank raised its stake in shares of Navigators Group by 18.2% in the third quarter. Huntington National Bank now owns 1,186 shares of the insurance provider’s stock worth $115,000 after buying an additional 183 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Navigators Group by 104.2% in the first quarter. State of Alaska Department of Revenue now owns 2,450 shares of the insurance provider’s stock worth $133,000 after buying an additional 1,250 shares during the last quarter. Acrospire Investment Management LLC raised its stake in shares of Navigators Group by 37.1% in the third quarter. Acrospire Investment Management LLC now owns 1,477 shares of the insurance provider’s stock worth $143,000 after buying an additional 400 shares during the last quarter. Miles Capital Inc. bought a new stake in shares of Navigators Group during the fourth quarter worth $205,000. Finally, Contravisory Investment Management Inc. raised its stake in shares of Navigators Group by 100.0% in the first quarter. Contravisory Investment Management Inc. now owns 3,778 shares of the insurance provider’s stock worth $205,000 after buying an additional 1,889 shares during the last quarter. Institutional investors and hedge funds own 36.98% of the company’s stock.
Navigators Group (NASDAQ:NAVG) traded up 0.283% during trading on Monday, reaching $53.075. 33,207 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.55 billion, a PE ratio of 19.300 and a beta of 0.66. The stock has a 50-day moving average of $53.77 and a 200-day moving average of $82.83. Navigators Group has a 52 week low of $40.40 and a 52 week high of $62.04.
Navigators Group (NASDAQ:NAVG) last posted its quarterly earnings data on Thursday, February 16th. The insurance provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by $0.04. The company had revenue of $284 million for the quarter, compared to analyst estimates of $301.37 million. Navigators Group had a net margin of 6.80% and a return on equity of 6.34%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 EPS. On average, equities research analysts anticipate that Navigators Group will post $2.46 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, March 3rd were issued a dividend of $0.045 per share. The ex-dividend date was Wednesday, March 1st. This represents a $0.18 annualized dividend and a dividend yield of 0.34%. Navigators Group’s payout ratio is currently 6.83%.
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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