Equities research analysts expect Navigators Group Inc (NASDAQ:NAVG) to announce sales of $373.96 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Navigators Group’s earnings. The lowest sales estimate is $373.13 million and the highest is $374.80 million. Navigators Group posted sales of $322.25 million during the same quarter last year, which would indicate a positive year over year growth rate of 16%. The business is scheduled to report its next earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Navigators Group will report full year sales of $1.46 billion for the current financial year. For the next fiscal year, analysts forecast that the firm will report sales of $1.59 billion per share, with estimates ranging from $1.58 billion to $1.60 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Navigators Group.

Navigators Group (NASDAQ:NAVG) last announced its quarterly earnings results on Wednesday, August 8th. The insurance provider reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.23. Navigators Group had a return on equity of 4.52% and a net margin of 4.44%. The business had revenue of $358.24 million for the quarter, compared to the consensus estimate of $356.13 million.

A number of brokerages have recently issued reports on NAVG. BidaskClub upgraded Navigators Group from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Boenning Scattergood reiterated a “hold” rating on shares of Navigators Group in a report on Wednesday, August 22nd. ValuEngine upgraded Navigators Group from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Sandler O’Neill upgraded Navigators Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Finally, Zacks Investment Research upgraded Navigators Group from a “hold” rating to a “strong-buy” rating and set a $67.00 price target on the stock in a report on Friday, July 20th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Navigators Group presently has an average rating of “Buy” and an average target price of $65.67.

Shares of NASDAQ:NAVG traded up $0.35 on Thursday, reaching $70.00. The company had a trading volume of 173,900 shares, compared to its average volume of 136,775. Navigators Group has a 52-week low of $45.80 and a 52-week high of $70.45. The company has a market capitalization of $2.07 billion, a PE ratio of 60.30 and a beta of 0.56. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, August 31st will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.40%. Navigators Group’s payout ratio is 24.14%.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Navigators Group by 3.0% in the 2nd quarter. BlackRock Inc. now owns 2,881,119 shares of the insurance provider’s stock worth $164,223,000 after purchasing an additional 83,532 shares in the last quarter. Northern Trust Corp boosted its position in shares of Navigators Group by 1.5% in the 1st quarter. Northern Trust Corp now owns 993,972 shares of the insurance provider’s stock worth $57,304,000 after purchasing an additional 14,684 shares in the last quarter. Gagnon Securities LLC acquired a new stake in shares of Navigators Group in the 2nd quarter worth $9,699,000. Renaissance Technologies LLC boosted its position in shares of Navigators Group by 22.1% in the 2nd quarter. Renaissance Technologies LLC now owns 548,892 shares of the insurance provider’s stock worth $31,287,000 after purchasing an additional 99,492 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Navigators Group by 618.3% in the 2nd quarter. Millennium Management LLC now owns 329,199 shares of the insurance provider’s stock worth $18,764,000 after purchasing an additional 283,368 shares in the last quarter. 74.33% of the stock is owned by hedge funds and other institutional investors.

Navigators Group Company Profile

The Navigators Group, Inc, together with its subsidiaries, underwrites marine, property and casualty, and professional liability insurance products and services in the United States and internationally. The company operates through the U.S. Insurance, International Insurance, Global Reinsurance, and Corporate segments.

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Earnings History and Estimates for Navigators Group (NASDAQ:NAVG)

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