Navigators Group Inc (NASDAQ:NAVG) – Stock analysts at Boenning Scattergood cut their Q1 2018 EPS estimates for shares of Navigators Group in a report released on Friday. Boenning Scattergood analyst R. Farnam now anticipates that the insurance provider will post earnings of $0.79 per share for the quarter, down from their previous estimate of $0.83. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Navigators Group’s Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.78 EPS, FY2018 earnings at $2.85 EPS, Q1 2019 earnings at $0.86 EPS, Q2 2019 earnings at $0.69 EPS, Q3 2019 earnings at $0.72 EPS, Q4 2019 earnings at $0.83 EPS and FY2019 earnings at $3.10 EPS.
Several other equities research analysts also recently issued reports on NAVG. BidaskClub raised shares of Navigators Group from a “sell” rating to a “hold” rating in a research report on Saturday. Sandler O’Neill restated a “buy” rating and set a $60.00 target price on shares of Navigators Group in a report on Friday. ValuEngine cut shares of Navigators Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research cut shares of Navigators Group from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Keefe, Bruyette & Woods restated a “sell” rating on shares of Navigators Group in a report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Navigators Group presently has a consensus rating of “Hold” and an average target price of $55.25.
Navigators Group (NASDAQ:NAVG) last issued its quarterly earnings data on Thursday, February 15th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.22. Navigators Group had a net margin of 3.08% and a return on equity of 2.86%. The company had revenue of $305.10 million during the quarter, compared to the consensus estimate of $314.59 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be issued a dividend of $0.07 per share. This is a boost from Navigators Group’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, March 1st. This represents a $0.28 annualized dividend and a yield of 0.47%. Navigators Group’s dividend payout ratio is presently 18.05%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. New York State Common Retirement Fund boosted its holdings in Navigators Group by 2.3% during the second quarter. New York State Common Retirement Fund now owns 31,542 shares of the insurance provider’s stock worth $1,732,000 after purchasing an additional 699 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Navigators Group by 8.7% during the second quarter. Voya Investment Management LLC now owns 11,518 shares of the insurance provider’s stock worth $632,000 after purchasing an additional 920 shares during the last quarter. Bank of Montreal Can boosted its holdings in Navigators Group by 30.5% during the fourth quarter. Bank of Montreal Can now owns 4,585 shares of the insurance provider’s stock worth $223,000 after purchasing an additional 1,071 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Navigators Group by 6.4% during the second quarter. Wells Fargo & Company MN now owns 18,790 shares of the insurance provider’s stock worth $1,032,000 after purchasing an additional 1,132 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its stake in Navigators Group by 6.0% in the fourth quarter. Guggenheim Capital LLC now owns 35,336 shares of the insurance provider’s stock valued at $1,720,000 after acquiring an additional 1,992 shares during the last quarter. Institutional investors and hedge funds own 71.98% of the company’s stock.
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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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