The Navigators Group, Inc. (NAVG) Downgraded by ValuEngine to Sell

ValuEngine cut shares of The Navigators Group, Inc. (NASDAQ:NAVG) from a hold rating to a sell rating in a research note issued to investors on Friday.

A number of other research firms also recently commented on NAVG. Zacks Investment Research downgraded The Navigators Group from a buy rating to a hold rating in a report on Saturday, September 2nd. Keefe, Bruyette & Woods restated a hold rating and issued a $55.00 price objective on shares of The Navigators Group in a report on Thursday, September 21st. Finally, Boenning Scattergood restated a hold rating on shares of The Navigators Group in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The Navigators Group has a consensus rating of Hold and a consensus price target of $59.67.

The Navigators Group (NAVG) opened at $51.85 on Friday. The firm has a market capitalization of $1,520.89, a PE ratio of 56.03 and a beta of 0.84. The Navigators Group has a twelve month low of $49.80 and a twelve month high of $62.03. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.23.

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

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 0.46%. The Navigators Group’s dividend payout ratio is currently 20.87%.

In other The Navigators Group news, SVP R Scott Eisdorfer sold 10,985 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $56.33, for a total transaction of $618,785.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Patricia H. Roberts bought 1,355 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were bought at an average cost of $55.29 per share, with a total value of $74,917.95. Following the transaction, the director now directly owns 3,951 shares of the company’s stock, valued at $218,450.79. The disclosure for this purchase can be found here. Insiders sold 16,468 shares of company stock worth $924,958 in the last 90 days. 24.10% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in The Navigators Group by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,482,875 shares of the insurance provider’s stock worth $144,876,000 after purchasing an additional 8,309 shares during the period. Moody Aldrich Partners LLC boosted its position in The Navigators Group by 12.7% during the third quarter. Moody Aldrich Partners LLC now owns 21,486 shares of the insurance provider’s stock worth $1,254,000 after purchasing an additional 2,421 shares during the period. Schwab Charles Investment Management Inc. boosted its position in The Navigators Group by 18.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 117,870 shares of the insurance provider’s stock worth $6,878,000 after purchasing an additional 18,282 shares during the period. Commonwealth Bank of Australia boosted its position in The Navigators Group by 10.2% during the third quarter. Commonwealth Bank of Australia now owns 172,576 shares of the insurance provider’s stock worth $9,955,000 after purchasing an additional 16,017 shares during the period. Finally, Wells Fargo & Company MN boosted its position in The Navigators Group by 531.3% during the third quarter. Wells Fargo & Company MN now owns 118,616 shares of the insurance provider’s stock worth $6,922,000 after purchasing an additional 99,826 shares during the period. 74.01% of the stock is owned by hedge funds and other institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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