News stories about The Navigators Group (NASDAQ:NAVG) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Navigators Group earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 46.3488438286373 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- $332.57 Million in Sales Expected for The Navigators Group, Inc. (NAVG) This Quarter (americanbankingnews.com)
- Keefe, Bruyette & Woods Reiterates Hold Rating for The Navigators Group, Inc. (NAVG) (americanbankingnews.com)
- Boenning Scattergood Weighs in on The Navigators Group, Inc.’s Q3 2017 Earnings (NAVG) (americanbankingnews.com)
- The Navigators Group, Inc. (NAVG) Expected to Post Earnings of -$0.62 Per Share (americanbankingnews.com)
- Research Analysts Issue Forecasts for The Navigators Group, Inc.’s FY2019 Earnings (NAVG) (americanbankingnews.com)
Shares of The Navigators Group (NASDAQ NAVG) traded down 0.898% on Tuesday, hitting $57.925. 22,407 shares of the stock traded hands. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 20.468 and a beta of 0.79. The company’s 50 day moving average is $57.08 and its 200 day moving average is $54.84. The Navigators Group has a one year low of $45.38 and a one year high of $62.04.
The Navigators Group (NASDAQ:NAVG) last released its earnings results on Thursday, August 3rd. The insurance provider reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.08. The Navigators Group had a return on equity of 6.53% and a net margin of 6.86%. The company had revenue of $293.80 million for the quarter, compared to analysts’ expectations of $297.82 million. During the same quarter in the previous year, the business posted $0.54 EPS. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities analysts forecast that The Navigators Group will post $1.34 EPS for the current year.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of The Navigators Group from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Tuesday, October 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $56.00 price objective on shares of The Navigators Group in a report on Monday. Boenning Scattergood reiterated a “hold” rating on shares of The Navigators Group in a report on Friday, August 4th. Finally, BidaskClub upgraded shares of The Navigators Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The Navigators Group currently has an average rating of “Hold” and an average target price of $59.67.
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In other The Navigators Group news, Director Patricia H. Roberts bought 1,355 shares of the stock in a transaction on Friday, August 18th. The shares were bought at an average price of $55.29 per share, with a total value of $74,917.95. Following the purchase, the director now directly owns 3,951 shares in the company, valued at approximately $218,450.79. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP R Scott Eisdorfer sold 10,985 shares of The Navigators Group stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $56.33, for a total value of $618,785.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,000 shares of company stock worth $1,123,880. Company insiders own 24.10% of the company’s stock.
About The 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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