The Navigators Group Inc. (NASDAQ:NAVG) – William Blair upped their Q4 2017 earnings per share (EPS) estimates for shares of The Navigators Group in a report issued on Wednesday. William Blair analyst A. Klauber now forecasts that the brokerage will post earnings of $0.81 per share for the quarter, up from their prior estimate of $0.80. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for The Navigators Group’s FY2018 earnings at $4.40 EPS.

NAVG has been the subject of a number of other reports. 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 lowered 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) traded up 0.24% during midday trading on Monday, reaching $104.05. 69,897 shares of the company’s stock were exchanged. The Navigators Group has a 1-year low of $74.74 and a 1-year high of $107.80. The firm has a 50-day moving average of $97.53 and a 200-day moving average of $93.24. The company has a market capitalization of $1.51 billion, a PE ratio of 19.77 and a beta of 0.58.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Friday, November 18th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend 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 currently 6.83%.

In other The Navigators Group news, insider Jeff L. Saunders sold 4,000 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP R Scott Eisdorfer sold 2,760 shares of the 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. Company insiders own 24.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clinton Group Inc. bought a new position in The Navigators Group during the third quarter valued at about $475,000. The Manufacturers Life Insurance Company bought a new position in The Navigators Group during the third quarter valued at about $744,000. Commonwealth Bank of Australia raised its position in The Navigators Group by 1.4% in the third quarter. Commonwealth Bank of Australia now owns 97,362 shares of the company’s stock valued at $9,437,000 after buying an additional 1,383 shares in the last quarter. Citadel Advisors LLC raised its position in The Navigators Group by 990.9% in the third quarter. Citadel Advisors LLC now owns 41,224 shares of the company’s stock valued at $3,995,000 after buying an additional 37,445 shares in the last quarter. Finally, Morgan Stanley raised its position in The Navigators Group by 193.7% in the third quarter. Morgan Stanley now owns 77,258 shares of the company’s stock valued at $7,487,000 after buying an additional 50,956 shares in the last quarter. Hedge funds and other institutional investors own 73.49% of the company’s stock.

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The Navigators Group Company Profile

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.

5 Day Chart for NASDAQ:NAVG

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