ValuEngine Downgrades Navigators Group (NAVG) to Sell

ValuEngine cut shares of Navigators Group (NASDAQ:NAVG) from a hold rating to a sell rating in a research report report published on Tuesday.

Several other analysts have also recently issued reports on NAVG. Keefe, Bruyette & Woods cut Navigators Group from a market perform rating to an underperform rating and set a $45.00 target price on the stock. in a research note on Wednesday, December 6th. Sandler O’Neill raised Navigators Group from a hold rating to a buy rating in a research note on Thursday, December 7th. BidaskClub cut Navigators Group from a sell rating to a strong sell rating in a research note on Thursday, December 21st. Zacks Investment Research raised Navigators Group from a hold rating to a buy rating and set a $55.00 target price on the stock in a research note on Wednesday, January 3rd. Finally, Boenning Scattergood reissued a hold rating on shares of Navigators Group in a research note on Friday, February 16th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Navigators Group currently has a consensus rating of Hold and an average target price of $57.00.

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NASDAQ NAVG opened at $57.00 on Tuesday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $1,712.11, a P/E ratio of 49.78 and a beta of 0.50. Navigators Group has a 1 year low of $45.80 and a 1 year high of $60.35.

Navigators Group (NASDAQ:NAVG) last posted its earnings results 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. The company had revenue of $305.10 million for the quarter, compared to analysts’ expectations of $314.59 million. Navigators Group had a return on equity of 2.85% and a net margin of 3.08%. Navigators Group’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. analysts anticipate that Navigators Group will post 2.8 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.49%. This is a boost from Navigators Group’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, March 1st. Navigators Group’s payout ratio is presently 24.14%.

In other Navigators Group news, insider Carl L. Bach III sold 2,000 shares of Navigators Group stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $56.51, for a total transaction of $113,020.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 24.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of NAVG. Sei Investments Co. boosted 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 valued at $132,000 after acquiring an additional 2,184 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Navigators Group during the 3rd quarter valued at approximately $204,000. Bank of Montreal Can boosted 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 valued at $223,000 after acquiring an additional 1,071 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Navigators Group during the 4th quarter valued at approximately $393,000. Finally, MetLife Investment Advisors LLC bought a new stake in Navigators Group during the 4th quarter valued at approximately $455,000. 76.44% of the stock is currently owned by institutional investors and hedge funds.

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About Navigators Group

The Navigators Group, Inc, together with its subsidiaries, underwrites marine, property and casualty, and professional liability insurance products and services in the United States and internationally. The company operates through the U.S. Insurance, International Insurance, Global Reinsurance, and Corporate segments.

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

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