Analysts Expect Navigators Group, Inc. (NAVG) to Announce $0.77 EPS

Brokerages forecast that Navigators Group, Inc. (NASDAQ:NAVG) will post earnings per share of $0.77 for the current quarter, according to Zacks. Two analysts have issued estimates for Navigators Group’s earnings. The highest EPS estimate is $0.78 and the lowest is $0.76. Navigators Group posted earnings per share of $0.68 during the same quarter last year, which indicates a positive year over year growth rate of 13.2%. The company is expected to report its next earnings report after the market closes on Monday, May 7th.

Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow Navigators Group.

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Navigators Group (NASDAQ:NAVG) last announced its quarterly earnings results on Thursday, February 15th. The insurance provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.59 by $0.22. The firm had revenue of $305.10 million for the quarter, compared to analyst estimates of $314.59 million. Navigators Group had a return on equity of 2.85% and a net margin of 3.08%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 earnings per share.



Several equities analysts have recently commented on NAVG shares. Zacks Investment Research lowered Navigators Group from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. BidaskClub upgraded Navigators Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 17th. Keefe, Bruyette & Woods restated a “sell” rating and set a $52.00 price target on shares of Navigators Group in a research note on Friday, February 23rd. Sandler O’Neill restated a “hold” rating and set a $60.00 price target on shares of Navigators Group in a research note on Friday, February 16th. Finally, Boenning Scattergood restated a “hold” rating on shares of Navigators Group in a research note on Friday, February 16th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.00.

In other Navigators Group news, insider Carl L. Bach III sold 2,000 shares of Navigators Group stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $56.51, for a total value of $113,020.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 22.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new position in Navigators Group in the third quarter valued at about $204,000. Bank of Montreal Can grew its stake 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 last quarter. Teacher Retirement System of Texas purchased a new position in Navigators Group in the fourth quarter valued at about $393,000. MetLife Investment Advisors LLC purchased a new position in Navigators Group in the fourth quarter valued at about $455,000. Finally, Stone Ridge Asset Management LLC purchased a new position in Navigators Group in the fourth quarter valued at about $754,000. Institutional investors own 75.95% of the company’s stock.

Shares of Navigators Group stock traded down $0.40 during trading on Wednesday, hitting $57.40. 16,056 shares of the stock traded hands, compared to its average volume of 95,214. The firm has a market cap of $1,720.28, a P/E ratio of 49.53 and a beta of 0.50. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.22. Navigators Group has a 52-week low of $45.80 and a 52-week high of $60.35.

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Navigators Group Company Profile

The Navigators Group, Inc, together with its subsidiaries, underwrites marine, property and casualty, and professional liability insurance products and services in the United States and internationally. The company operates through the U.S. Insurance, International Insurance, Global Reinsurance, and Corporate segments.

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

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