Navigators Group Inc (NASDAQ:NAVG) announced a quarterly dividend on Friday, February 16th, Wall Street Journal reports. Shareholders of record on Friday, March 2nd will be given a dividend of 0.07 per share by the insurance provider on Friday, March 23rd. This represents a $0.28 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Thursday, March 1st. This is a positive change from Navigators Group’s previous quarterly dividend of $0.06.
Shares of Navigators Group (NAVG) opened at $54.45 on Friday. Navigators Group has a 1 year low of $45.80 and a 1 year high of $60.35. The company has a quick ratio of 0.44, a current ratio of 0.39 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $1,620.00, a price-to-earnings ratio of 27.50 and a beta of 0.71.
Navigators Group (NASDAQ:NAVG) last posted its earnings results on Thursday, February 15th. The insurance provider reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $314.59 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. equities research analysts expect that Navigators Group will post 2.8 EPS for the current fiscal year.
A number of equities research analysts have commented on the company. ValuEngine downgraded Navigators Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Boenning Scattergood reiterated a “hold” rating on shares of Navigators Group in a report on Friday, February 16th. Keefe, Bruyette & Woods reiterated a “sell” rating on shares of Navigators Group in a report on Thursday, December 21st. Zacks Investment Research downgraded Navigators Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, BidaskClub upgraded Navigators Group from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $55.25.
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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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