The Navigators Group Inc. (NASDAQ:NAVG) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating. The Navigators Group’s rating score has improved by 57.1% from three months ago as a result of a number of analysts’ ratings changes.
Brokerages have set a one year consensus price objective of $86.00 for the company and are forecasting that the company will post $1.59 earnings per share for the current quarter, according to Zacks. Zacks has also assigned The Navigators Group an industry rank of 202 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded The Navigators Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd.
Shares of The Navigators Group (NASDAQ:NAVG) opened at 96.92 on Tuesday. The firm’s 50-day moving average price is $94.09 and its 200 day moving average price is $89.34. The Navigators Group has a one year low of $74.74 and a one year high of $98.53. The stock has a market cap of $1.41 billion, a P/E ratio of 19.25 and a beta of 0.55.
The Navigators Group (NASDAQ:NAVG) last issued its earnings results on Thursday, August 4th. The company reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.02. The Navigators Group had a return on equity of 6.45% and a net margin of 6.69%. The firm had revenue of $267.90 million for the quarter, compared to analysts’ expectations of $270.31 million. During the same quarter last year, the firm earned $1.34 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities research analysts expect that The Navigators Group will post $4.74 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, August 19th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Wednesday, August 17th. The Navigators Group’s payout ratio is currently 7.14%.
In related news, SVP R Scott Eisdorfer sold 2,760 shares of The Navigators Group stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $92.44, for a total value of $255,134.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 24.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of The Navigators Group during the fourth quarter worth approximately $15,159,000. Atlanta Capital Management Co. L L C boosted its position in shares of The Navigators Group by 43.1% in the second quarter. Atlanta Capital Management Co. L L C now owns 236,261 shares of the company’s stock worth $21,729,000 after buying an additional 71,112 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of The Navigators Group by 6.4% in the second quarter. BlackRock Fund Advisors now owns 728,858 shares of the company’s stock worth $67,033,000 after buying an additional 44,074 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in shares of The Navigators Group during the second quarter worth approximately $4,008,000. Finally, Vanguard Group Inc. boosted its position in shares of The Navigators Group by 4.6% in the second quarter. Vanguard Group Inc. now owns 925,533 shares of the company’s stock worth $85,121,000 after buying an additional 40,563 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.
About The Navigators Group
The Navigators Group, Inc is a holding company. The Company is an international insurance company focused on marine insurance. The Company’s segments are 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 Primary and Excess Casualty divisions.
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