Zacks Investment Research upgraded shares of Navigators Group (NASDAQ:NAVG) from a hold rating to a buy rating in a research report sent to investors on Saturday morning. Zacks Investment Research currently has $55.00 price objective on the insurance provider’s stock.

According to Zacks, “The Navigators Group, Inc. is a holding company with twelve active wholly owned subsidiaries. They primarily write marine, onshore energy, engineering and construction insurance, and a contractors’ general liability program. As underwritten by Navigators, marine insurance includes hull, energy, liability and cargo; onshore energy primarily covers property damage with an emphasis on the oil and petrochemical sectors; and engineering and construction primarily covers construction projects including machinery, equipment and loss of use due to delays. “

Several other equities research analysts also recently issued reports on the company. Keefe, Bruyette & Woods restated a sell rating on shares of Navigators Group in a report on Thursday, December 21st. ValuEngine downgraded Navigators Group from a hold rating to a sell rating in a report on Sunday, December 31st. Boenning Scattergood restated a hold rating on shares of Navigators Group in a report on Monday, November 6th. BidaskClub downgraded Navigators Group from a sell rating to a strong sell rating in a report on Thursday, December 21st. Finally, Sandler O’Neill upgraded Navigators Group from a hold rating to a buy rating in a report on Thursday, December 7th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Navigators Group currently has an average rating of Hold and an average price target of $52.67.

Shares of Navigators Group (NASDAQ:NAVG) opened at $48.95 on Friday. The company has a market capitalization of $1,447.13, a PE ratio of 53.31 and a beta of 0.78. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.23. Navigators Group has a twelve month low of $45.80 and a twelve month high of $60.35.

Navigators Group (NASDAQ:NAVG) last announced its earnings results on Thursday, November 2nd. The insurance provider reported ($1.00) EPS for the quarter, missing the consensus estimate of ($0.63) by ($0.37). The company had revenue of $326.47 million for the quarter, compared to analysts’ expectations of $307.12 million. Navigators Group had a net margin of 2.79% and a return on equity of 2.32%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 earnings per share. research analysts predict that Navigators Group will post 0.93 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Sei Investments Co. grew its position in shares of Navigators Group by 2,600.0% in the 3rd quarter. Sei Investments Co. now owns 2,268 shares of the insurance provider’s stock worth $132,000 after acquiring an additional 2,184 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Navigators Group in the 3rd quarter worth approximately $204,000. Neuberger Berman Group LLC acquired a new position in shares of Navigators Group in the 2nd quarter worth approximately $202,000. BlueCrest Capital Management Ltd acquired a new position in shares of Navigators Group in the 2nd quarter worth approximately $241,000. Finally, Bank of Montreal Can grew its position in shares of Navigators Group by 30.5% in the 4th quarter. Bank of Montreal Can now owns 4,585 shares of the insurance provider’s stock worth $223,000 after acquiring an additional 1,071 shares in the last quarter. Institutional investors own 73.95% of the company’s stock.

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About 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.

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