The Navigators Group (NAVG) Getting Somewhat Favorable Press Coverage, Study Finds
Press coverage about The Navigators Group (NASDAQ:NAVG) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Navigators Group earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 44.6675081010146 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities research analysts have recently commented on NAVG shares. Zacks Investment Research upgraded The Navigators Group from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Tuesday, September 5th. BidaskClub upgraded The Navigators Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Boenning Scattergood restated a “hold” rating on shares of The Navigators Group in a research report on Friday, August 4th. Sidoti started coverage on The Navigators Group in a research report on Thursday, June 22nd. They set a “neutral” rating and a $58.00 target price on the stock. Finally, ValuEngine cut The Navigators Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $58.50.
The Navigators Group (NASDAQ:NAVG) traded up 0.97% during midday trading on Monday, hitting $57.35. The stock had a trading volume of 64,134 shares. The Navigators Group has a 12 month low of $45.38 and a 12 month high of $62.04. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 20.27 and a beta of 0.78. The stock has a 50 day moving average of $55.78 and a 200 day moving average of $54.29.
The Navigators Group (NASDAQ:NAVG) last posted its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.08. The firm had revenue of $293.80 million during the quarter, compared to analysts’ expectations of $297.82 million. The Navigators Group had a net margin of 6.86% and a return on equity of 6.53%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. Analysts expect that The Navigators Group will post $2.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.24 annualized dividend and a yield of 0.42%. The Navigators Group’s dividend payout ratio is currently 8.48%.
In other The Navigators Group news, CEO Stanley A. Galanski sold 25,000 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $54.12, for a total value of $1,353,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP R Scott Eisdorfer sold 2,200 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $55.82, for a total transaction of $122,804.00. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock valued at $2,476,880 over the last three months. 24.10% of the stock is currently owned by corporate insiders.
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The Navigators Group Company Profile
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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