The Navigators Group, Inc. (NASDAQ:NAVG) has received a consensus rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $56.50.

A number of research analysts have weighed in on the stock. Sidoti assumed coverage on shares of The Navigators Group in a report on Thursday, June 22nd. They issued a “neutral” rating and a $58.00 price objective for the company. Zacks Investment Research cut shares of The Navigators Group from a “buy” rating to a “hold” rating in a report on Saturday, September 23rd. Boenning Scattergood reaffirmed a “hold” rating on shares of The Navigators Group in a report on Friday, August 4th. BidaskClub raised shares of The Navigators Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $55.00 price objective on shares of The Navigators Group in a report on Thursday, September 21st.

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In other news, SVP R Scott Eisdorfer sold 10,985 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $56.33, for a total transaction of $618,785.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patricia H. Roberts bought 1,355 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were bought at an average cost of $55.29 per share, with a total value of $74,917.95. Following the purchase, the director now directly owns 3,951 shares of the company’s stock, valued at $218,450.79. The disclosure for this purchase can be found here. Insiders sold 20,000 shares of company stock valued at $1,123,880 in the last ninety days. 24.10% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in shares of The Navigators Group by 4.9% during the second quarter. Bank of Montreal Can now owns 2,073 shares of the insurance provider’s stock worth $113,000 after purchasing an additional 97 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of The Navigators Group by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the insurance provider’s stock worth $500,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System increased its stake in shares of The Navigators Group by 1.7% during the second quarter. Arizona State Retirement System now owns 11,704 shares of the insurance provider’s stock worth $643,000 after purchasing an additional 200 shares in the last quarter. CS Mckee LP increased its stake in shares of The Navigators Group by 0.7% during the second quarter. CS Mckee LP now owns 30,700 shares of the insurance provider’s stock worth $1,685,000 after purchasing an additional 200 shares in the last quarter. Finally, Texas Permanent School Fund increased its stake in shares of The Navigators Group by 1.9% during the second quarter. Texas Permanent School Fund now owns 16,350 shares of the insurance provider’s stock worth $898,000 after purchasing an additional 307 shares in the last quarter. 73.91% of the stock is owned by institutional investors and hedge funds.

Shares of The Navigators Group (NASDAQ NAVG) opened at 58.35 on Friday. The firm has a 50-day moving average price of $55.82 and a 200-day moving average price of $54.30. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 20.62 and a beta of 0.78. The Navigators Group has a 52 week low of $45.38 and a 52 week high of $62.04.

The Navigators Group (NASDAQ:NAVG) last released its quarterly earnings data on Thursday, August 3rd. The insurance provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.08. The Navigators Group had a net margin of 6.86% and a return on equity of 6.53%. The company had revenue of $293.80 million during the quarter, compared to analysts’ expectations of $297.82 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities analysts anticipate that The Navigators Group will post $2.59 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th were issued a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 0.41%. The Navigators Group’s payout ratio is 8.48%.

About The Navigators Group

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.

Analyst Recommendations for The Navigators Group (NASDAQ:NAVG)

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