The Navigators Group, Inc. (NASDAQ:NAVG) – Equities research analysts at William Blair raised their Q4 2017 earnings per share (EPS) estimates for shares of The Navigators Group in a report released on Monday. William Blair analyst A. Klauber now expects that the insurance provider will post earnings of $0.49 per share for the quarter, up from their previous forecast of $0.47. William Blair also issued estimates for The Navigators Group’s Q1 2018 earnings at $0.79 EPS, Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.40 EPS and FY2018 earnings at $2.37 EPS.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded The Navigators Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Sidoti assumed coverage on The Navigators Group in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $58.00 price target on the stock. Boenning Scattergood restated a “hold” rating on shares of The Navigators Group in a research report on Friday. Finally, ValuEngine cut The Navigators Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $56.75.

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Shares of The Navigators Group (NAVG) opened at 56.50 on Tuesday. The Navigators Group has a 52 week low of $45.17 and a 52 week high of $62.04. The stock has a market cap of $1.66 billion, a P/E ratio of 21.07 and a beta of 0.77. The stock has a 50 day moving average price of $54.91 and a 200-day moving average price of $56.06.

The Navigators Group (NASDAQ:NAVG) last issued its earnings results on Thursday, August 3rd. The insurance provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.08. The Navigators Group had a return on equity of 6.53% and a net margin of 6.86%. The firm had revenue of $293.80 million for the quarter, compared to the consensus estimate of $297.82 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Tuesday, August 22nd. The Navigators Group’s dividend payout ratio (DPR) is presently 8.48%.

In related news, CEO Vincent C. Tizzio sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $52.68, for a total value of $1,053,600.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Colin Sprott sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $52.73, for a total value of $527,300.00. The disclosure for this sale can be found here. Insiders sold a total of 55,000 shares of company stock worth $2,933,900 in the last 90 days. 24.10% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of NAVG. Bank of Montreal Can boosted its position in shares of The Navigators Group by 4.9% in the second quarter. Bank of Montreal Can now owns 2,073 shares of the insurance provider’s stock valued at $113,000 after buying an additional 97 shares during the period. Louisiana State Employees Retirement System boosted its position in The Navigators Group by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the insurance provider’s stock valued at $500,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System boosted its position in The Navigators Group by 1.7% in the second quarter. Arizona State Retirement System now owns 11,704 shares of the insurance provider’s stock valued at $643,000 after buying an additional 200 shares during the last quarter. Texas Permanent School Fund boosted its position in The Navigators Group by 1.9% in the second quarter. Texas Permanent School Fund now owns 16,350 shares of the insurance provider’s stock valued at $898,000 after buying an additional 307 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in The Navigators Group by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 20,312 shares of the insurance provider’s stock valued at $2,392,000 after buying an additional 485 shares during the last quarter. Hedge funds and other institutional investors own 73.11% of the company’s stock.

The 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.

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

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