Navigators Group (NASDAQ:NAVG)‘s stock had its “buy” rating reissued by analysts at Sandler O’Neill in a research note issued on Friday. They presently have a $60.00 price target on the insurance provider’s stock. Sandler O’Neill’s target price points to a potential upside of 1.01% from the company’s previous close.
NAVG has been the topic of a number of other reports. BidaskClub raised Navigators Group from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. ValuEngine downgraded Navigators Group from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Navigators Group from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Wednesday, January 3rd. Keefe, Bruyette & Woods reaffirmed a “sell” rating on shares of Navigators Group in a research note on Thursday, December 21st. Finally, Boenning Scattergood reissued a “hold” rating on shares of Navigators Group in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Navigators Group has a consensus rating of “Hold” and a consensus target price of $55.25.
Navigators Group (NASDAQ:NAVG) opened at $59.40 on Friday. Navigators Group has a 52 week low of $45.80 and a 52 week high of $60.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market capitalization of $1,495.81, a P/E ratio of 44.66 and a beta of 0.71.
Navigators Group (NASDAQ:NAVG) last posted its quarterly earnings results on Thursday, February 15th. The insurance provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.22. Navigators Group had a return on equity of 2.86% and a net margin of 3.08%. The business had revenue of $305.10 million for the quarter, compared to the consensus estimate of $314.59 million. During the same period in the prior year, the business earned $0.71 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. analysts anticipate that Navigators Group will post 2.59 earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. Sei Investments Co. raised its stake in shares of Navigators Group by 2,600.0% in the third quarter. Sei Investments Co. now owns 2,268 shares of the insurance provider’s stock worth $132,000 after purchasing an additional 2,184 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Navigators Group in the third quarter worth approximately $204,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Navigators Group in the second quarter worth approximately $241,000. Bank of Montreal Can raised its stake in shares of Navigators Group by 30.5% in 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. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of Navigators Group in the second quarter worth approximately $266,000. 71.98% of the stock is owned by hedge funds and other institutional investors.
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About 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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