The Navigators Group, Inc. (NAVG) to Post Q1 2018 Earnings of $0.83 Per Share, Boenning Scattergood Forecasts
The Navigators Group, Inc. (NASDAQ:NAVG) – Equities researchers at Boenning Scattergood upped their Q1 2018 EPS estimates for The Navigators Group in a report issued on Thursday. Boenning Scattergood analyst R. Farnam now anticipates that the insurance provider will post earnings per share of $0.83 for the quarter, up from their prior estimate of $0.73. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for The Navigators Group’s Q4 2018 earnings at $0.82 EPS.
A number of other brokerages also recently weighed in on NAVG. Zacks Investment Research downgraded shares of The Navigators Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 2nd. Keefe, Bruyette & Woods downgraded shares of The Navigators Group from a “market perform” rating to an “underperform” rating and set a $45.00 price objective for the company. in a research report on Wednesday, December 6th. Sandler O’Neill raised shares of The Navigators Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. BidaskClub downgraded shares of The Navigators Group from a “sell” rating to a “strong sell” rating in a research report on Thursday. Finally, ValuEngine downgraded shares of The Navigators Group from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $56.00.
Shares of The Navigators Group (NASDAQ NAVG) opened at $48.70 on Friday. 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 has a 1 year low of $45.80 and a 1 year high of $61.81. The firm has a market cap of $1,430.00, a PE ratio of 41.98 and a beta of 0.78.
The Navigators Group (NASDAQ:NAVG) last announced its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($1.00) earnings per share 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 the consensus estimate of $307.12 million. During the same period in the prior year, the company earned $1.40 EPS. The Navigators Group’s quarterly revenue was up 6.9% on a year-over-year basis.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Wednesday, November 22nd. The Navigators Group’s payout ratio is 20.69%.
A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in The Navigators Group by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,482,875 shares of the insurance provider’s stock valued at $144,876,000 after purchasing an additional 8,309 shares during the period. Vanguard Group Inc. boosted its stake in The Navigators Group by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,246,404 shares of the insurance provider’s stock valued at $123,328,000 after purchasing an additional 83,530 shares during the period. Frontier Capital Management Co. LLC boosted its stake in The Navigators Group by 2.0% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 997,604 shares of the insurance provider’s stock valued at $58,210,000 after purchasing an additional 19,110 shares during the period. Northern Trust Corp boosted its stake in The Navigators Group by 1.7% during the 2nd quarter. Northern Trust Corp now owns 991,692 shares of the insurance provider’s stock valued at $54,444,000 after purchasing an additional 16,343 shares during the period. Finally, Atlanta Capital Management Co. L L C boosted its stake 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 valued at $36,364,000 after purchasing an additional 96,839 shares during the period. 73.95% of the stock is owned by hedge funds and other institutional investors.
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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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