Wall Street analysts expect Navigators Group Inc (NASDAQ:NAVG) to report sales of $385.53 million for the current quarter, Zacks reports. Two analysts have made estimates for Navigators Group’s earnings. The lowest sales estimate is $382.16 million and the highest is $388.90 million. Navigators Group posted sales of $324.88 million in the same quarter last year, which would indicate a positive year over year growth rate of 18.7%. The firm is expected to issue its next quarterly earnings results on Thursday, February 21st.

According to Zacks, analysts expect that Navigators Group will report full-year sales of $1.46 billion for the current fiscal year, with estimates ranging from $1.46 billion to $1.47 billion. For the next year, analysts expect that the business will report sales of $1.61 billion, with estimates ranging from $1.60 billion to $1.62 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Navigators Group.

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

Several equities analysts recently commented on NAVG shares. Zacks Investment Research cut Navigators Group from a “hold” rating to a “sell” rating in a research report on Friday, November 9th. BidaskClub cut Navigators Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 2nd. Boenning Scattergood restated a “hold” rating on shares of Navigators Group in a research report on Monday, November 12th. Sandler O’Neill upgraded Navigators Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Finally, Keefe, Bruyette & Woods set a $62.00 target price on Navigators Group and gave the stock a “hold” rating in a research report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Navigators Group has an average rating of “Hold” and an average price target of $65.67.

A number of institutional investors have recently bought and sold shares of NAVG. Federated Investors Inc. PA purchased a new position in shares of Navigators Group in the 2nd quarter worth about $209,000. CQS Cayman LP purchased a new position in shares of Navigators Group in the 3rd quarter worth about $1,486,000. Gagnon Securities LLC purchased a new position in shares of Navigators Group in the 2nd quarter worth about $9,699,000. Candriam Luxembourg S.C.A. purchased a new position in shares of Navigators Group in the 3rd quarter worth about $4,492,000. Finally, Martingale Asset Management L P boosted its holdings in shares of Navigators Group by 30.3% in the 2nd quarter. Martingale Asset Management L P now owns 78,829 shares of the insurance provider’s stock worth $4,494,000 after purchasing an additional 18,321 shares in the last quarter. Institutional investors and hedge funds own 72.52% of the company’s stock.

Navigators Group stock traded up $0.04 during midday trading on Monday, hitting $69.45. 111,793 shares of the company’s stock were exchanged, compared to its average volume of 136,223. Navigators Group has a 52-week low of $46.25 and a 52-week high of $71.45. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 59.84 and a beta of 0.49.

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

Further Reading: What is an investor looking for in an SEC filing?

Get a free copy of the Zacks research report on Navigators Group (NAVG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Navigators Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navigators Group and related companies with MarketBeat.com's FREE daily email newsletter.