The Navigators Group, Inc. (NASDAQ:NAVG) – Boenning Scattergood lowered their Q3 2017 earnings per share estimates for The Navigators Group in a research report issued on Thursday. Boenning Scattergood analyst R. Farnam now expects that the insurance provider will post earnings per share of ($0.62) for the quarter, down from their prior estimate of $0.60. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for The Navigators Group’s FY2017 earnings at $1.33 EPS.

A number of other brokerages also recently commented on NAVG. Zacks Investment Research upgraded shares of The Navigators Group from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Tuesday, October 3rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $55.00 target price on shares of The Navigators Group in a research note on Thursday, September 21st. BidaskClub upgraded shares of The Navigators Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Finally, Sidoti began coverage on shares of The Navigators Group in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $58.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The Navigators Group presently has an average rating of “Hold” and an average price target of $59.33.

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Shares of The Navigators Group (NASDAQ NAVG) opened at 58.40 on Monday. The Navigators Group has a one year low of $45.38 and a one year high of $62.04. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 20.64 and a beta of 0.79. The firm has a 50-day moving average of $57.08 and a 200 day moving average of $54.84.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Great West Life Assurance Co. Can lifted its position in shares of The Navigators Group by 3.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 33,907 shares of the insurance provider’s stock worth $1,857,000 after purchasing an additional 1,080 shares during the period. Swiss National Bank lifted its position in shares of The Navigators Group by 100.0% in the 1st quarter. Swiss National Bank now owns 40,800 shares of the insurance provider’s stock worth $2,215,000 after purchasing an additional 20,400 shares during the period. American International Group Inc. lifted its position in shares of The Navigators Group by 68.4% in the 1st quarter. American International Group Inc. now owns 13,810 shares of the insurance provider’s stock worth $750,000 after purchasing an additional 5,610 shares during the period. Credit Suisse AG lifted its position in shares of The Navigators Group by 53.2% in the 1st quarter. Credit Suisse AG now owns 21,418 shares of the insurance provider’s stock worth $1,164,000 after purchasing an additional 7,436 shares during the period. Finally, Prudential Financial Inc. lifted its position in shares of The Navigators Group by 1.8% in the 1st quarter. Prudential Financial Inc. now owns 47,792 shares of the insurance provider’s stock worth $2,595,000 after purchasing an additional 839 shares during the period. 73.91% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP R Scott Eisdorfer sold 2,200 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $55.82, for a total value of $122,804.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patricia H. Roberts purchased 1,355 shares of the stock in a transaction dated Friday, August 18th. The stock was acquired at an average cost of $55.29 per share, with a total value of $74,917.95. Following the transaction, the director now directly owns 3,951 shares in the company, valued at approximately $218,450.79. The disclosure for this purchase can be found here. Insiders sold a total of 20,000 shares of company stock valued at $1,123,880 in the last ninety days. Corporate insiders own 24.10% 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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