Navigators Group Inc (NAVG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Navigators Group Inc (NASDAQ:NAVG) have been assigned a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $70.00.

Several equities analysts recently weighed in on the company. Zacks Investment Research cut Navigators Group from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub cut Navigators Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 2nd. ValuEngine raised Navigators Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Sandler O’Neill cut Navigators Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Finally, Keefe, Bruyette & Woods set a $70.00 price objective on Navigators Group and gave the stock a “hold” rating in a research report on Wednesday, August 22nd.

A number of institutional investors and hedge funds have recently modified their holdings of NAVG. Mint Tower Capital Management B.V. bought a new position in Navigators Group during the third quarter valued at about $104,000. Dupont Capital Management Corp bought a new position in Navigators Group during the third quarter valued at about $125,000. CIBC Asset Management Inc bought a new position in Navigators Group during the third quarter valued at about $201,000. Federated Investors Inc. PA bought a new position in Navigators Group during the second quarter valued at about $209,000. Finally, Wesbanco Bank Inc. bought a new position in Navigators Group during the third quarter valued at about $214,000. Hedge funds and other institutional investors own 74.50% of the company’s stock.

Shares of NASDAQ NAVG traded down $0.28 during trading hours on Monday, hitting $69.30. 113,586 shares of the company’s stock were exchanged, compared to its average volume of 100,972. Navigators Group has a 1-year low of $45.80 and a 1-year high of $71.45. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a market capitalization of $2.08 billion, a PE ratio of 59.74 and a beta of 0.56.

Navigators Group (NASDAQ:NAVG) last posted its quarterly earnings data on Wednesday, November 7th. The insurance provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.52). Navigators Group had a return on equity of 7.28% and a net margin of 6.54%. The business had revenue of $374.41 million for the quarter, compared to analyst estimates of $373.96 million. As a group, equities research analysts forecast that Navigators Group will post 3.35 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, November 30th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.40%. Navigators Group’s dividend payout ratio is presently 24.14%.

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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