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The Navigators Group, Inc. (NAVG) to Issue $0.06 Quarterly Dividend
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The Navigators Group (NASDAQ NAVG) opened at 56.60 on Friday. The firm’s 50-day moving average price is $54.91 and its 200-day moving average price is $56.06. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 21.11 and a beta of 0.77. The Navigators Group has a 12-month low of $45.17 and a 12-month high of $62.04.
The Navigators Group (NASDAQ:NAVG) last issued its quarterly 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 business had revenue of $293.80 million during the quarter, compared to analysts’ expectations of $297.82 million. The Navigators Group had a return on equity of 6.60% and a net margin of 6.86%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 earnings per share. On average, equities analysts predict that The Navigators Group will post $2.48 EPS for the current fiscal year.
NAVG has been the subject of a number of analyst reports. Zacks Investment Research upgraded The Navigators Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. ValuEngine cut The Navigators Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Boenning Scattergood restated a “hold” rating on shares of The Navigators Group in a research report on Friday. Finally, Sidoti initiated coverage on The Navigators Group in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $58.00 price target for the company. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The Navigators Group has an average rating of “Hold” and an average target price of $56.75.
In other The Navigators Group news, insider Colin Sprott sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $52.73, for a total value of $527,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stanley A. Galanski sold 25,000 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $54.12, for a total value of $1,353,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,000 shares of company stock valued at $2,933,900. Company insiders own 24.10% of the company’s stock.
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About The Navigators Group
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.