The Navigators Group Inc. (NAVG) Sees Strong Trading Volume
The Navigators Group Inc. (NASDAQ:NAVG) shares saw unusually-strong trading volume on Thursday . Approximately 118,967 shares were traded during mid-day trading, an increase of 93% from the previous session’s volume of 61,593 shares.The stock last traded at $92.13 and had previously closed at $91.74.
Several equities analysts have recently commented on NAVG shares. Keefe, Bruyette & Woods restated a “hold” rating on shares of The Navigators Group in a research report on Sunday, May 29th. Zacks Investment Research upgraded shares of The Navigators Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 21st.
The stock’s 50 day moving average is $91.23 and its 200 day moving average is $86.90. The company has a market cap of $1.34 billion and a P/E ratio of 18.27.
The Navigators Group (NASDAQ:NAVG) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The company had revenue of $267.90 million for the quarter, compared to the consensus estimate of $270.31 million. The Navigators Group’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 EPS. On average, equities research analysts anticipate that The Navigators Group Inc. will post $4.82 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, August 19th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.36 annualized dividend and a yield of 0.39%.
Other institutional investors recently bought and sold shares of the company. Matarin Capital Management LLC bought a new position in The Navigators Group during the fourth quarter valued at $3,977,000. Jennison Associates LLC acquired a new position in shares of The Navigators Group during the fourth quarter worth $1,032,000. Finally, Bank of Montreal Can raised its position in shares of The Navigators Group by 433.8% in the fourth quarter. Bank of Montreal Can now owns 25,525 shares of the company’s stock worth $2,190,000 after buying an additional 20,743 shares in the last quarter.
The Navigators Group, Inc is a holding company. The Company is an international insurance company focused on marine insurance. The Company’s segments are 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 Primary and Excess Casualty divisions.
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