Navigators Group Inc (NAVG) to Issue $0.07 Dividend

Navigators Group Inc (NASDAQ:NAVG) declared a dividend on Thursday, May 9th, Fidelity reports. Investors of record on Monday, May 20th will be given a dividend of 0.07 per share by the insurance provider on Tuesday, June 4th. The ex-dividend date of this dividend is Friday, May 17th.

Navigators Group has a dividend payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Navigators Group to earn $3.00 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 9.3%.

NAVG opened at $69.90 on Friday. Navigators Group has a one year low of $56.65 and a one year high of $71.45. The company has a market capitalization of $2.09 billion, a P/E ratio of 23.60 and a beta of 0.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.38 and a current ratio of 0.38.

A number of analysts have issued reports on NAVG shares. ValuEngine lowered Navigators Group from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. BidaskClub raised Navigators Group from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. Boenning Scattergood reissued a “hold” rating on shares of Navigators Group in a research report on Friday. Finally, Zacks Investment Research raised Navigators Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $68.50.

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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, and Global Reinsurance segments.

Read More: Cost of Debt

Dividend History for Navigators Group (NASDAQ:NAVG)

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