Trade Report: Today, Brokerages Set $86.00 Target Price for The Navigators Group Inc. (NAVG)

Today, Brokerages Set $86.00 Target Price for The Navigators Group Inc. (NAVG)

The Navigators Group Inc. (NASDAQ:NAVG) has been assigned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating. The Navigators Group’s rating score has declined by 50% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a 1-year consensus price target of $86.00 for the company and are predicting that the company will post $1.23 earnings per share for the current quarter, according to Zacks. Zacks has also given The Navigators Group an industry rank of 163 out of 265 based on the ratings given to related companies.

A number of equities analysts have commented on NAVG shares. Zacks Investment Research upgraded The Navigators Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 6th. William Blair lowered The Navigators Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 17th. Finally, Sandler O’Neill lowered The Navigators Group from a “buy” rating to a “hold” rating in a research note on Monday, November 7th.

Shares of The Navigators Group (NASDAQ:NAVG) opened at 107.10 on Wednesday. The Navigators Group has a 12-month low of $74.74 and a 12-month high of $107.85. The company has a 50-day moving average price of $98.06 and a 200-day moving average price of $93.47. The company has a market cap of $1.56 billion, a P/E ratio of 20.35 and a beta of 0.58.

The Navigators Group (NASDAQ:NAVG) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.08. The Navigators Group had a return on equity of 6.34% and a net margin of 6.80%. The firm had revenue of $305.30 million for the quarter, compared to analyst estimates of $283.02 million. During the same quarter last year, the company earned $1.37 EPS. The company’s revenue was up 13.8% on a year-over-year basis. On average, analysts predict that The Navigators Group will post $4.85 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Friday, November 18th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $0.36 annualized dividend and a dividend yield of 0.34%. The Navigators Group’s payout ratio is 6.83%.

In other news, SVP R Scott Eisdorfer sold 2,000 shares of The Navigators Group stock in a transaction on Friday, November 11th. The stock was sold at an average price of $104.69, for a total value of $209,380.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeff L. Saunders sold 4,000 shares of The Navigators Group stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $93.72, for a total value of $374,880.00. The disclosure for this sale can be found here. 24.20% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan raised its position in shares of The Navigators Group by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,450 shares of the company’s stock valued at $237,000 after buying an additional 40 shares during the last quarter. Eqis Capital Management Inc. raised its position in shares of The Navigators Group by 2.6% in the third quarter. Eqis Capital Management Inc. now owns 2,337 shares of the company’s stock valued at $226,000 after buying an additional 59 shares during the last quarter. PineBridge Investments L.P. raised its position in shares of The Navigators Group by 4.5% in the second quarter. PineBridge Investments L.P. now owns 1,401 shares of the company’s stock valued at $128,000 after buying an additional 60 shares during the last quarter. Arizona State Retirement System raised its position in shares of The Navigators Group by 1.8% in the second quarter. Arizona State Retirement System now owns 5,702 shares of the company’s stock valued at $524,000 after buying an additional 100 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of The Navigators Group by 0.5% in the third quarter. Swiss National Bank now owns 19,300 shares of the company’s stock valued at $1,871,000 after buying an additional 100 shares during the last quarter. Institutional investors own 73.49% of the company’s stock.

The Navigators Group Company Profile

The Navigators Group, Inc is a holding company. The Company is an international insurance company focused on marine insurance. The Company’s segments are 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 Primary and Excess Casualty divisions.

Related posts

Leave a Comment