Navigators Group (NASDAQ:NAVG) posted its quarterly earnings results on Wednesday. The insurance provider reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.52), MarketWatch Earnings reports. Navigators Group had a return on equity of 4.52% and a net margin of 4.44%. The firm had revenue of $374.41 million for the quarter, compared to analysts’ expectations of $373.96 million.
Shares of NAVG stock traded down $0.25 during trading on Thursday, reaching $69.58. The company had a trading volume of 4,860 shares, compared to its average volume of 110,313. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 0.41. Navigators Group has a one year low of $45.80 and a one year high of $71.45. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 59.97 and a beta of 0.56.
A number of equities research analysts have recently weighed in on NAVG shares. Zacks Investment Research downgraded Navigators Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 11th. BidaskClub downgraded Navigators Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. Boenning Scattergood reissued a “hold” rating on shares of Navigators Group in a research note on Thursday, August 9th. Keefe, Bruyette & Woods set a $62.00 price objective on Navigators Group and gave the company a “hold” rating in a research note on Thursday, August 9th. Finally, Sandler O’Neill raised Navigators Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $65.67.
COPYRIGHT VIOLATION NOTICE: “Navigators Group (NAVG) Posts Earnings Results, Misses Expectations By $0.52 EPS” was first published by WKRB News and is owned by of WKRB News. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.wkrb13.com/2018/11/08/navigators-group-navg-posts-earnings-results-misses-expectations-by-0-52-eps.html.
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.
Featured Story: What is a bull market?
Receive News & Ratings for Navigators Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navigators Group and related companies with MarketBeat.com's FREE daily email newsletter.