The Navigators Group Inc. (NASDAQ:NAVG) – Equities research analysts at William Blair cut their Q1 2017 earnings estimates for shares of The Navigators Group in a research report issued to clients and investors on Wednesday. William Blair analyst A. Klauber now anticipates that the firm will post earnings per share of $1.60 for the quarter, down from their prior forecast of $1.62. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for The Navigators Group’s Q2 2017 earnings at $1.21 EPS, Q3 2017 earnings at $1.45 EPS and FY2017 earnings at $5.07 EPS.

A number of other research firms also recently weighed in on NAVG. Zacks Investment Research upgraded The Navigators Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 6th. Sandler O’Neill downgraded The Navigators Group from a “buy” rating to a “hold” rating in a research note on Monday, November 7th.

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

Shares of The Navigators Group (NASDAQ:NAVG) opened at 103.80 on Friday. The stock has a market capitalization of $1.51 billion, a PE ratio of 19.72 and a beta of 0.58. The firm has a 50-day moving average price of $97.12 and a 200 day moving average price of $92.82. The Navigators Group has a one year low of $74.74 and a one year high of $107.80.

The Navigators Group (NASDAQ:NAVG) last issued its earnings results on Thursday, November 3rd. The company reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.08. The company earned $305.30 million during the quarter, compared to analysts’ expectations of $283.02 million. The Navigators Group had a return on equity of 6.34% and a net margin of 6.80%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.37 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Friday, November 18th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, November 16th. This represents a $0.36 annualized dividend and a yield of 0.35%. The Navigators Group’s dividend payout ratio is presently 6.83%.

In related news, insider Jeff L. Saunders sold 4,000 shares of The Navigators Group stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $93.72, for a total transaction of $374,880.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP R Scott Eisdorfer sold 2,760 shares of The Navigators Group stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $92.44, for a total value of $255,134.40. The disclosure for this sale can be found here. Corporate insiders own 24.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of The Navigators Group by 4.6% in the second quarter. Vanguard Group Inc. now owns 925,533 shares of the company’s stock valued at $85,121,000 after buying an additional 40,563 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of The Navigators Group by 10.0% in the third quarter. BlackRock Fund Advisors now owns 801,466 shares of the company’s stock valued at $77,678,000 after buying an additional 72,608 shares in the last quarter. Northern Trust Corp boosted its position in shares of The Navigators Group by 2.6% in the third quarter. Northern Trust Corp now owns 479,300 shares of the company’s stock valued at $46,454,000 after buying an additional 12,187 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of The Navigators Group by 1.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 309,712 shares of the company’s stock valued at $25,976,000 after buying an additional 5,677 shares in the last quarter. Finally, Atlanta Capital Management Co. L L C boosted its position in shares of The Navigators Group by 43.1% in the second quarter. Atlanta Capital Management Co. L L C now owns 236,261 shares of the company’s stock valued at $21,729,000 after buying an additional 71,112 shares in the last quarter. 73.06% of the stock is owned by hedge funds and other institutional investors.

About The Navigators Group

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.

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