Navigators Group Inc (NASDAQ:NAVG) – Equities research analysts at Boenning Scattergood dropped their Q1 2019 earnings per share (EPS) estimates for Navigators Group in a research note issued on Monday, November 12th. Boenning Scattergood analyst R. Farnam now anticipates that the insurance provider will post earnings of $0.81 per share for the quarter, down from their prior estimate of $0.87. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Navigators Group’s Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.58 EPS, Q4 2019 earnings at $0.84 EPS, Q1 2020 earnings at $0.88 EPS, Q2 2020 earnings at $0.58 EPS and Q3 2020 earnings at $0.64 EPS.

NAVG has been the subject of a number of other research reports. BidaskClub lowered shares of Navigators Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 2nd. Zacks Investment Research lowered shares of Navigators Group from a “hold” rating to a “sell” rating in a research note on Friday, November 9th. Sandler O’Neill raised shares of Navigators Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. Keefe, Bruyette & Woods set a $62.00 target price on shares of Navigators Group and gave the company a “hold” rating in a research note on Thursday, August 9th. Finally, ValuEngine lowered shares of Navigators Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $65.67.

Shares of NASDAQ:NAVG opened at $69.33 on Wednesday. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 59.77 and a beta of 0.56. Navigators Group has a 12-month low of $45.80 and a 12-month high of $71.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.40 and a quick ratio of 0.40.

Navigators Group (NASDAQ:NAVG) last issued its earnings results on Wednesday, November 7th. The insurance provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52). The company had revenue of $374.41 million for the quarter, compared to analyst estimates of $373.96 million. Navigators Group had a net margin of 6.54% and a return on equity of 7.27%.

Several hedge funds have recently added to or reduced their stakes in the stock. IndexIQ Advisors LLC acquired a new stake in shares of Navigators Group in the 3rd quarter valued at $5,280,000. MetLife Investment Advisors LLC lifted its stake in shares of Navigators Group by 56.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 14,659 shares of the insurance provider’s stock valued at $1,013,000 after purchasing an additional 5,315 shares during the last quarter. Matarin Capital Management LLC acquired a new stake in shares of Navigators Group in the 3rd quarter valued at $4,840,000. Renaissance Technologies LLC lifted its stake in shares of Navigators Group by 5.3% in the 3rd quarter. Renaissance Technologies LLC now owns 578,095 shares of the insurance provider’s stock valued at $39,946,000 after purchasing an additional 29,203 shares during the last quarter. Finally, DLD Asset Management LP acquired a new stake in shares of Navigators Group in the 3rd quarter valued at $3,453,000. 71.98% of the stock is owned by institutional investors and hedge funds.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, November 30th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Thursday, November 29th. Navigators Group’s payout ratio is presently 24.14%.

About Navigators Group

The Navigators Group, Inc, together with its subsidiaries, underwrites marine, property and casualty, and professional liability insurance products and services in the United States and internationally. The company operates through the U.S. Insurance, International Insurance, Global Reinsurance, and Corporate segments.

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Earnings History and Estimates for Navigators Group (NASDAQ:NAVG)

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