Navigators Group Inc (NAVG) Insider Carl L. Bach III Sells 2,000 Shares
Navigators Group Inc (NASDAQ:NAVG) insider Carl L. Bach III sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $56.51, for a total value of $113,020.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Navigators Group Inc (NASDAQ:NAVG) opened at $58.20 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $1,715.77, a price-to-earnings ratio of 43.76 and a beta of 0.57. Navigators Group Inc has a 52-week low of $45.80 and a 52-week high of $60.35.
Navigators Group (NASDAQ:NAVG) last issued its earnings results on Thursday, February 15th. The insurance provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.22. The business had revenue of $305.10 million for the quarter, compared to analyst estimates of $314.59 million. Navigators Group had a return on equity of 2.85% and a net margin of 3.08%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the company posted $0.71 EPS. analysts predict that Navigators Group Inc will post 2.8 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of NAVG. Sei Investments Co. raised its position in Navigators Group by 2,600.0% in the third quarter. Sei Investments Co. now owns 2,268 shares of the insurance provider’s stock valued at $132,000 after purchasing an additional 2,184 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Navigators Group in the third quarter valued at about $204,000. Bank of Montreal Can raised its position in Navigators Group by 30.5% in the fourth quarter. Bank of Montreal Can now owns 4,585 shares of the insurance provider’s stock valued at $223,000 after purchasing an additional 1,071 shares during the period. Crossmark Global Holdings Inc. purchased a new position in Navigators Group in the third quarter valued at about $364,000. Finally, Teacher Retirement System of Texas purchased a new position in Navigators Group in the fourth quarter valued at about $393,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently weighed in on NAVG. Zacks Investment Research lowered Navigators Group from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Keefe, Bruyette & Woods lowered Navigators Group from a “market perform” rating to an “underperform” rating and set a $45.00 target price on the stock. in a research report on Wednesday, December 6th. Sandler O’Neill raised Navigators Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. BidaskClub lowered Navigators Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 21st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Navigators Group in a research report on Friday, February 16th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $57.00.
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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