The Navigators Group’s (NAVG) Hold Rating Reaffirmed at Boenning Scattergood
The Navigators Group, Inc. (NASDAQ:NAVG)‘s stock had its “hold” rating restated by Boenning Scattergood in a research report issued on Monday.
Other analysts have also issued reports about the stock. BidaskClub upgraded shares of The Navigators Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded shares of The Navigators Group from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Tuesday, September 5th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $55.00 price objective on shares of The Navigators Group in a research note on Thursday, September 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $59.67.
The Navigators Group (NAVG) opened at $51.40 on Monday. The Navigators Group has a 12-month low of $46.10 and a 12-month high of $62.04. The stock has a market cap of $1,516.47, a PE ratio of 55.87 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.42.
The Navigators Group (NASDAQ:NAVG) last issued its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($1.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.63) by ($0.37). The Navigators Group had a net margin of 2.79% and a return on equity of 2.32%. The business had revenue of $326.47 million for the quarter, compared to analysts’ expectations of $307.12 million. During the same period last year, the business earned $1.40 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. equities analysts anticipate that The Navigators Group will post 1.25 earnings per share for the current year.
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In related news, Director Patricia H. Roberts purchased 1,355 shares of The Navigators Group stock in a transaction dated Friday, August 18th. The stock was purchased at an average cost of $55.29 per share, for a total transaction of $74,917.95. Following the completion of the purchase, the director now directly owns 3,951 shares of the company’s stock, valued at approximately $218,450.79. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP R Scott Eisdorfer sold 2,200 shares of The Navigators Group stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $55.82, for a total transaction of $122,804.00. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock valued at $1,123,880 over the last quarter. Company insiders own 24.10% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its holdings in shares of The Navigators Group by 53.5% in the third quarter. BNP Paribas Arbitrage SA now owns 11,966 shares of the insurance provider’s stock worth $698,000 after buying an additional 4,170 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. purchased a new position in shares of The Navigators Group in the third quarter worth approximately $1,167,000. Boston Partners boosted its holdings in shares of The Navigators Group by 3.5% in the third quarter. Boston Partners now owns 269,626 shares of the insurance provider’s stock worth $15,732,000 after buying an additional 9,168 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of The Navigators Group by 9.3% in the third quarter. Prudential Financial Inc. now owns 51,982 shares of the insurance provider’s stock worth $3,033,000 after buying an additional 4,440 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its holdings in shares of The Navigators Group by 2.0% in the third quarter. Frontier Capital Management Co. LLC now owns 997,604 shares of the insurance provider’s stock worth $58,210,000 after buying an additional 19,110 shares during the last quarter. 73.98% of the stock is currently owned by institutional investors.
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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