Navigators Group Inc Announces Quarterly Dividend of $0.07 (NAVG)

Navigators Group Inc (NASDAQ:NAVG) announced a quarterly dividend on Thursday, November 8th, Wall Street Journal reports. Investors of record on Friday, November 30th will be paid a dividend of 0.07 per share by the insurance provider on Friday, December 21st. This represents a $0.28 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Thursday, November 29th.

Navigators Group has a dividend payout ratio of 8.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Navigators Group to earn $3.23 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 8.7%.

NASDAQ:NAVG opened at $69.58 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 59.98 and a beta of 0.56. Navigators Group has a 1-year low of $45.80 and a 1-year high of $71.45.

Navigators Group (NASDAQ:NAVG) last issued its quarterly earnings data on Wednesday, November 7th. The insurance provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.52). The company had revenue of $374.41 million during the quarter, compared to analyst estimates of $373.96 million. Navigators Group had a return on equity of 4.52% and a net margin of 4.44%. Equities analysts expect that Navigators Group will post 3.35 EPS for the current fiscal year.

A number of brokerages have commented on NAVG. Zacks Investment Research downgraded shares of Navigators Group from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub raised shares of Navigators Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 24th. ValuEngine raised shares of Navigators Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Sandler O’Neill raised shares of Navigators Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Navigators Group in a research report on Wednesday, August 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Navigators Group presently has an average rating of “Hold” and a consensus target price of $65.67.

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Navigators Group Company Profile

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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Dividend History for Navigators Group (NASDAQ:NAVG)

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