Navigators Group Inc (NASDAQ:NAVG) – Boenning Scattergood cut their FY2018 EPS estimates for Navigators Group in a research report issued on Tuesday, January 22nd. Boenning Scattergood analyst R. Farnam now anticipates that the insurance provider will earn $2.25 per share for the year, down from their previous estimate of $2.50. Boenning Scattergood has a “Hold” rating on the stock.

Navigators Group (NASDAQ:NAVG) last released its quarterly earnings data on Wednesday, November 7th. The insurance provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.52). Navigators Group had a net margin of 6.54% and a return on equity of 7.27%. The firm had revenue of $374.41 million during the quarter, compared to analysts’ expectations of $373.96 million.

Several other equities research analysts have also recently commented on the company. BidaskClub cut Navigators Group from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research raised Navigators Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, ValuEngine raised Navigators Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $65.67.

Shares of NASDAQ:NAVG opened at $69.77 on Wednesday. Navigators Group has a 12 month low of $46.25 and a 12 month high of $71.45. The company has a market cap of $2.08 billion, a P/E ratio of 60.16 and a beta of 0.45. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.23.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Montreal Can lifted its position in Navigators Group by 9.9% during the 4th quarter. Bank of Montreal Can now owns 1,659 shares of the insurance provider’s stock worth $115,000 after acquiring an additional 149 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Navigators Group by 4.2% during the fourth quarter. State of Alaska Department of Revenue now owns 7,759 shares of the insurance provider’s stock worth $539,000 after buying an additional 314 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Navigators Group by 16.0% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,543 shares of the insurance provider’s stock worth $383,000 after buying an additional 765 shares during the last quarter. Arizona State Retirement System grew its stake in Navigators Group by 2.5% during the third quarter. Arizona State Retirement System now owns 33,681 shares of the insurance provider’s stock worth $2,327,000 after buying an additional 807 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Navigators Group by 2.4% during the third quarter. Wells Fargo & Company MN now owns 39,545 shares of the insurance provider’s stock valued at $2,733,000 after purchasing an additional 941 shares during the last quarter. 72.49% of the stock is currently owned by 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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