Navigators Group (NAVG) Downgraded by Sandler O’Neill

Navigators Group (NASDAQ:NAVG) was downgraded by equities researchers at Sandler O’Neill from a “buy” rating to a “hold” rating in a research note issued on Tuesday. The analysts noted that the move was a valuation call.

Other equities analysts have also recently issued research reports about the company. ValuEngine cut Navigators Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Boenning Scattergood reissued a “hold” rating on shares of Navigators Group in a report on Friday, February 16th. Keefe, Bruyette & Woods reissued a “sell” rating on shares of Navigators Group in a report on Thursday, December 21st. Zacks Investment Research cut Navigators Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, BidaskClub raised Navigators Group from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $55.25.

Navigators Group (NASDAQ NAVG) opened at $53.90 on Tuesday. The company has a current ratio of 0.39, a quick ratio of 0.44 and a debt-to-equity ratio of 0.22. Navigators Group has a fifty-two week low of $45.80 and a fifty-two week high of $60.35. The company has a market capitalization of $1,752.49, a price-to-earnings ratio of 40.53 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 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.22. Navigators Group had a return on equity of 2.85% and a net margin of 3.08%. The company had revenue of $305.10 million during the quarter, compared to analysts’ expectations of $314.59 million. During the same quarter in the previous year, the firm earned $0.71 EPS. Navigators Group’s revenue was up 7.4% on a year-over-year basis. research analysts expect that Navigators Group will post 2.58 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of NAVG. Sei Investments Co. grew its position in Navigators Group by 2,600.0% during the 3rd quarter. Sei Investments Co. now owns 2,268 shares of the insurance provider’s stock worth $132,000 after acquiring an additional 2,184 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Navigators Group during the 3rd quarter worth $204,000. Bank of Montreal Can grew its position in Navigators Group by 30.5% during the 4th quarter. Bank of Montreal Can now owns 4,585 shares of the insurance provider’s stock worth $223,000 after acquiring an additional 1,071 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in Navigators Group during the 2nd quarter worth $266,000. Finally, Crossmark Global Holdings Inc. bought a new stake in Navigators Group during the 3rd quarter worth $364,000. Institutional investors and hedge funds own 73.99% of the company’s stock.

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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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