Sandler O’Neill upgraded shares of The Navigators Group (NASDAQ:NAVG) from a hold rating to a buy rating in a report released on Thursday, MarketBeat reports.

A number of other analysts also recently commented on NAVG. Zacks Investment Research upgraded shares of The Navigators Group from a hold rating to a strong-buy rating and set a $65.00 price target on the stock in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods restated a hold rating and set a $55.00 price target on shares of The Navigators Group in a research report on Thursday, September 21st. Finally, BidaskClub upgraded shares of The Navigators Group from a hold rating to a buy rating in a research report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $56.00.

Shares of The Navigators Group (NASDAQ NAVG) traded down $0.75 during trading hours on Thursday, reaching $48.55. 92,900 shares of the company traded hands, compared to its average volume of 76,597. The company has a market cap of $1,432.38, a P/E ratio of 52.77 and a beta of 0.78. The Navigators Group has a 12-month low of $45.80 and a 12-month high of $62.03. 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 Navigators Group (NASDAQ:NAVG) last released its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.00) EPS for the quarter, missing analysts’ consensus estimates of ($0.63) by ($0.37). The Navigators Group had a return on equity of 2.32% and a net margin of 2.79%. The company had revenue of $326.47 million for the quarter, compared to the consensus estimate of $307.12 million. During the same quarter last year, the firm posted $1.40 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. sell-side analysts anticipate that The Navigators Group will post 0.93 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.49%. The Navigators Group’s dividend payout ratio (DPR) is 20.87%.

Several hedge funds have recently added to or reduced their stakes in NAVG. Teachers Advisors LLC raised its position in shares of The Navigators Group by 106.8% during the 1st quarter. Teachers Advisors LLC now owns 42,001 shares of the insurance provider’s stock worth $2,281,000 after buying an additional 21,689 shares in the last quarter. Morgan Stanley raised its holdings in shares of The Navigators Group by 105.7% in the 1st quarter. Morgan Stanley now owns 87,433 shares of the insurance provider’s stock worth $4,747,000 after purchasing an additional 44,924 shares in the last quarter. Credit Suisse AG raised its holdings in shares of The Navigators Group by 53.2% in the 1st quarter. Credit Suisse AG now owns 21,418 shares of the insurance provider’s stock worth $1,164,000 after purchasing an additional 7,436 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of The Navigators Group by 4.9% in the 2nd quarter. Bank of Montreal Can now owns 2,073 shares of the insurance provider’s stock worth $113,000 after purchasing an additional 97 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of The Navigators Group by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the insurance provider’s stock worth $500,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 73.97% of the company’s stock.

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About The 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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