Navigators Group (NASDAQ:NAVG) released its quarterly earnings data on Wednesday. The insurance provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52), MarketWatch Earnings reports. The company had revenue of $374.41 million for the quarter, compared to analyst estimates of $373.96 million. Navigators Group had a net margin of 4.44% and a return on equity of 4.52%.
Shares of NASDAQ:NAVG traded down $0.26 during trading on Thursday, reaching $69.57. The stock had a trading volume of 55,870 shares, compared to its average volume of 110,313. Navigators Group has a 52 week low of $45.80 and a 52 week high of $71.45. 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 P/E ratio of 59.97 and a beta of 0.56.
A number of equities research analysts have weighed in on the company. BidaskClub raised Navigators Group from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Boenning Scattergood reiterated a “hold” rating on shares of Navigators Group in a research note on Wednesday, August 22nd. ValuEngine cut shares of Navigators Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Sandler O’Neill upgraded shares of Navigators Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. Finally, Zacks Investment Research upgraded shares of Navigators Group from a “hold” rating to a “strong-buy” rating and set a $67.00 target price for the company in a research note on Friday, July 20th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $65.67.
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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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