Shares of Navigators Group, Inc. (NASDAQ:NAVG) have earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $61.33.
A number of equities research analysts have recently weighed in on the stock. Sandler O’Neill lowered shares of Navigators Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Navigators Group from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective for the company in a report on Saturday, February 17th. BidaskClub upgraded shares of Navigators Group from a “sell” rating to a “hold” rating in a report on Saturday, February 17th. ValuEngine upgraded shares of Navigators Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 28th. Finally, Keefe, Bruyette & Woods upgraded shares of Navigators Group from an “underperform” rating to a “market perform” rating and set a $59.00 price objective for the company in a report on Tuesday, May 8th.
In related news, insider Carl L. Bach III sold 2,000 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $56.51, for a total transaction of $113,020.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 22.00% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its holdings in Navigators Group by 30.5% during the 4th quarter. Bank of Montreal Can now owns 4,585 shares of the insurance provider’s stock valued at $223,000 after buying an additional 1,071 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in Navigators Group during the 1st quarter valued at $227,000. OMERS ADMINISTRATION Corp bought a new stake in Navigators Group during the 1st quarter valued at $236,000. Barclays PLC raised its holdings in Navigators Group by 97.8% during the 1st quarter. Barclays PLC now owns 6,520 shares of the insurance provider’s stock valued at $375,000 after buying an additional 3,223 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Navigators Group during the 4th quarter valued at $393,000. Institutional investors own 75.67% of the company’s stock.
Navigators Group traded up $0.45, hitting $58.95, during mid-day trading on Monday, MarketBeat reports. 1,115 shares of the company traded hands, compared to its average volume of 107,316. Navigators Group has a one year low of $58.35 and a one year high of $58.80. The firm has a market cap of $1.73 billion, a PE ratio of 50.82 and a beta of 0.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.41 and a quick ratio of 0.41.
Navigators Group (NASDAQ:NAVG) last announced its earnings results on Monday, May 7th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.32. Navigators Group had a net margin of 3.72% and a return on equity of 3.87%. The business had revenue of $346.21 million during the quarter, compared to analyst estimates of $344.53 million. research analysts anticipate that Navigators Group will post 2.98 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 8th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.47%. Navigators Group’s payout ratio is 24.14%.
Navigators Group Company Profile
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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