Navigators Group (NASDAQ:NAVG) Downgraded to “Sell” at ValuEngine

Navigators Group (NASDAQ:NAVG) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday, February 2nd.

Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Navigators Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Keefe, Bruyette & Woods restated a “sell” rating on shares of Navigators Group in a research report on Thursday, December 21st. BidaskClub cut shares of Navigators Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 21st. Sandler O’Neill upgraded shares of Navigators Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Finally, Boenning Scattergood restated a “hold” rating on shares of Navigators Group in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $52.67.

Navigators Group (NASDAQ:NAVG) traded up $0.60 during mid-day trading on Friday, hitting $48.35. 189,510 shares of the stock traded hands, compared to its average volume of 85,877. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.44 and a quick ratio of 0.44. Navigators Group has a one year low of $45.80 and a one year high of $60.35. The firm has a market cap of $1,426.47, a PE ratio of 52.55 and a beta of 0.71.

A number of institutional investors have recently added to or reduced their stakes in the stock. CS Mckee LP grew its holdings in Navigators Group by 0.7% in the second quarter. CS Mckee LP now owns 30,700 shares of the insurance provider’s stock valued at $1,685,000 after purchasing an additional 200 shares during the period. New York State Common Retirement Fund grew its holdings in Navigators Group by 2.3% in the second quarter. New York State Common Retirement Fund now owns 31,542 shares of the insurance provider’s stock valued at $1,732,000 after purchasing an additional 699 shares during the period. Voya Investment Management LLC grew its holdings in Navigators Group by 8.7% in the second quarter. Voya Investment Management LLC now owns 11,518 shares of the insurance provider’s stock valued at $632,000 after purchasing an additional 920 shares during the period. Bank of Montreal Can grew its holdings in Navigators Group by 30.5% in the fourth quarter. Bank of Montreal Can now owns 4,585 shares of the insurance provider’s stock valued at $223,000 after purchasing an additional 1,071 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Navigators Group by 6.4% in the second quarter. Wells Fargo & Company MN now owns 18,790 shares of the insurance provider’s stock valued at $1,032,000 after purchasing an additional 1,132 shares during the period. Hedge funds and other institutional investors own 73.22% of the company’s stock.

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About 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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