Equities research analysts forecast that The Navigators Group, Inc. (NASDAQ:NAVG) will announce earnings of $0.58 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for The Navigators Group’s earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.50. The Navigators Group also posted earnings per share of $0.58 during the same quarter last year. The company is scheduled to issue its next earnings report on Thursday, February 15th.

Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover The Navigators Group.

The Navigators Group (NASDAQ:NAVG) last released its earnings results on Thursday, November 2nd. The insurance provider reported ($1.00) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.63) by ($0.37). The firm had revenue of $326.47 million during the quarter, compared to analysts’ expectations of $307.12 million. The Navigators Group had a net margin of 2.79% and a return on equity of 2.32%. The Navigators Group’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $1.40 earnings per share.

NAVG has been the topic of a number of recent research reports. BidaskClub upgraded shares of The Navigators Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of The Navigators Group from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Tuesday, September 5th. Sandler O’Neill upgraded shares of The Navigators Group from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $56.00 target price on shares of The Navigators Group in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $56.00.

The Navigators Group (NASDAQ:NAVG) traded down $0.75 during trading hours on Friday, reaching $48.55. 92,922 shares of the company’s stock were exchanged, compared to its average volume of 107,305. The stock has a market cap of $1,432.37, a price-to-earnings ratio of 52.77 and a beta of 0.78. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.44 and a current ratio of 0.44. The Navigators Group has a 52 week low of $45.80 and a 52 week high of $62.04.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.24 annualized dividend and a dividend yield of 0.49%. The Navigators Group’s payout ratio is currently 20.87%.

Several hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new position in shares of The Navigators Group during the 3rd quarter worth about $204,000. Dimensional Fund Advisors LP lifted its holdings in shares of The Navigators Group by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,482,875 shares of the insurance provider’s stock worth $144,876,000 after acquiring an additional 8,309 shares during the period. Moody Aldrich Partners LLC lifted its holdings in shares of The Navigators Group by 12.7% during the 3rd quarter. Moody Aldrich Partners LLC now owns 21,486 shares of the insurance provider’s stock worth $1,254,000 after acquiring an additional 2,421 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of The Navigators Group by 18.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 117,870 shares of the insurance provider’s stock worth $6,878,000 after acquiring an additional 18,282 shares during the period. Finally, Commonwealth Bank of Australia lifted its holdings in shares of The Navigators Group by 10.2% during the 3rd quarter. Commonwealth Bank of Australia now owns 172,576 shares of the insurance provider’s stock worth $9,955,000 after acquiring an additional 16,017 shares during the period. Institutional investors and hedge funds own 73.97% of the company’s stock.

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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.

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

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