Navigators Group (NASDAQ:NAVG) Downgraded by BidaskClub

Navigators Group (NASDAQ:NAVG) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Thursday, December 21st.

Several other research analysts have also commented on the stock. Keefe, Bruyette & Woods lowered shares of Navigators Group from a “market perform” rating to an “underperform” rating and set a $45.00 price target for the company. in a report on Wednesday, December 6th. Sandler O’Neill upgraded shares of Navigators Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. ValuEngine downgraded shares of Navigators Group from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Boenning Scattergood reiterated a “hold” rating on shares of Navigators Group in a research report on Monday, November 6th. Finally, Zacks Investment Research downgraded shares of Navigators Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $52.67.

Shares of Navigators Group (NASDAQ NAVG) opened at $49.05 on Thursday. The stock has a market cap of $1,447.12, a price-to-earnings ratio of 53.32 and a beta of 0.78. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.23. Navigators Group has a one year low of $45.80 and a one year high of $60.35.

Navigators Group (NASDAQ:NAVG) last announced its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.00) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by ($0.37). Navigators Group had a return on equity of 2.32% and a net margin of 2.79%. The company had revenue of $326.47 million for the quarter, compared to analyst estimates of $307.12 million. During the same period in the prior year, the business earned $1.40 earnings per share. Navigators Group’s revenue was up 6.9% on a year-over-year basis. analysts expect that Navigators Group will post 0.93 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in shares of Navigators Group by 4.9% in the second quarter. Bank of Montreal Can now owns 2,073 shares of the insurance provider’s stock worth $113,000 after acquiring an additional 97 shares in the last quarter. Sei Investments Co. increased its position in shares of Navigators Group by 2,600.0% in the third quarter. Sei Investments Co. now owns 2,268 shares of the insurance provider’s stock worth $132,000 after acquiring an additional 2,184 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Navigators Group in the second quarter worth approximately $202,000. Cubist Systematic Strategies LLC purchased a new position in shares of Navigators Group in the third quarter worth approximately $204,000. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of Navigators Group in the second quarter worth approximately $241,000. 73.95% of the stock is currently owned by institutional investors and hedge funds.

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About Navigators Group

The Navigators Group, Inc is an insurance holding company. The Company is an international insurance company focused on marine insurance. The Company’s segments include 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 U.S.

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