Keefe, Bruyette & Woods reissued their hold rating on shares of Navigators Group Inc (NASDAQ:NAVG) in a research note published on Wednesday. They currently have a $55.50 price objective on the insurance provider’s stock.
Separately, Zacks Investment Research raised shares of Navigators Group from a strong sell rating to a hold rating in a report on Wednesday, January 18th.
Navigators Group (NASDAQ:NAVG) traded up 0.57% on Wednesday, reaching $52.95. 47,837 shares of the company were exchanged. Navigators Group has a 12-month low of $40.40 and a 12-month high of $62.04. The firm has a 50-day moving average of $53.89 and a 200 day moving average of $83.04. The firm has a market capitalization of $1.54 billion, a P/E ratio of 19.25 and a beta of 0.66.
Navigators Group (NASDAQ:NAVG) last released its earnings results on Thursday, February 16th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.04. Navigators Group had a return on equity of 6.34% and a net margin of 6.80%. The business had revenue of $284 million for the quarter, compared to analysts’ expectations of $301.37 million. During the same period in the previous year, the company earned $0.59 EPS. Navigators Group’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, equities analysts predict that Navigators Group will post $2.44 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, March 3rd were paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 0.34%. The ex-dividend date was Wednesday, March 1st. Navigators Group’s dividend payout ratio (DPR) is presently 6.83%.
A number of hedge funds and other institutional investors have recently made changes to their positions in NAVG. BlackRock Fund Advisors raised its position in shares of Navigators Group by 10.0% in the third quarter. BlackRock Fund Advisors now owns 801,466 shares of the insurance provider’s stock valued at $77,678,000 after buying an additional 72,608 shares during the period. Frontier Capital Management Co. LLC raised its position in shares of Navigators Group by 12.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 579,526 shares of the insurance provider’s stock valued at $68,239,000 after buying an additional 61,991 shares during the period. Northern Trust Corp raised its position in shares of Navigators Group by 2.6% in the third quarter. Northern Trust Corp now owns 479,300 shares of the insurance provider’s stock valued at $46,454,000 after buying an additional 12,187 shares during the period. Champlain Investment Partners LLC boosted its stake in shares of Navigators Group by 33.2% in the fourth quarter. Champlain Investment Partners LLC now owns 465,650 shares of the insurance provider’s stock valued at $54,830,000 after buying an additional 116,125 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Navigators Group by 2.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 301,976 shares of the insurance provider’s stock valued at $29,268,000 after buying an additional 6,794 shares in the last quarter. 36.98% of the stock is owned by institutional investors.
Navigators Group Company Profile
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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