The Navigators Group, Inc. (NASDAQ:NAVG) – Investment analysts at William Blair decreased their Q4 2017 earnings estimates for shares of The Navigators Group in a research note issued to investors on Monday. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings per share of $0.48 for the quarter, down from their previous forecast of $0.49. William Blair also issued estimates for The Navigators Group’s FY2018 earnings at $2.30 EPS.
Several other research firms have also weighed in on NAVG. Sidoti started coverage on The Navigators Group in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $58.00 price objective on the stock. Zacks Investment Research lowered The Navigators Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. Boenning Scattergood started coverage on The Navigators Group in a research note on Wednesday, June 28th. They issued a “neutral” rating on the stock. BidaskClub raised The Navigators Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $55.00 price objective on shares of The Navigators Group in a research note on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $59.67.
Shares of The Navigators Group (NASDAQ NAVG) remained flat at $58.10 during mid-day trading on Wednesday. The stock had a trading volume of 9,366 shares. The stock has a 50 day moving average of $57.29 and a 200 day moving average of $54.92. The Navigators Group has a one year low of $45.38 and a one year high of $62.04. The company has a market capitalization of $1.71 billion, a P/E ratio of 20.53 and a beta of 0.79.
The Navigators Group (NASDAQ:NAVG) last issued its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.08. The business had revenue of $293.80 million for the quarter, compared to analysts’ expectations of $297.82 million. The Navigators Group had a net margin of 6.86% and a return on equity of 6.53%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share.
In related news, SVP R Scott Eisdorfer sold 2,200 shares of the business’s 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Patricia H. Roberts purchased 1,355 shares of The Navigators Group stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average cost of $55.29 per share, for a total transaction of $74,917.95. Following the completion of the transaction, the director now directly owns 3,951 shares in the company, valued at approximately $218,450.79. The disclosure for this purchase can be found here. Insiders have sold a total of 20,000 shares of company stock worth $1,123,880 over the last three months. 24.10% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its position in The Navigators Group by 15.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 60,974 shares of the insurance provider’s stock worth $3,347,000 after acquiring an additional 8,026 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in The Navigators Group during the 2nd quarter worth approximately $266,000. DF Dent & Co. Inc. acquired a new position in The Navigators Group during the 2nd quarter worth approximately $253,000. Atlanta Capital Management Co. L L C lifted its position in The Navigators Group by 17.1% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 662,360 shares of the insurance provider’s stock worth $36,364,000 after acquiring an additional 96,839 shares in the last quarter. Finally, CS Mckee LP lifted its position in The Navigators Group by 0.7% during the 2nd quarter. CS Mckee LP now owns 30,700 shares of the insurance provider’s stock worth $1,685,000 after acquiring an additional 200 shares in the last quarter. 73.91% of the stock is currently owned by hedge funds and other 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.
Receive News & Ratings for The Navigators Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Navigators Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.