Published On: Thu, Sep 8th, 2016

The Navigators Group Inc. (NAVG) Reaches New 1-Year High at $97.25

The Navigators Group Inc. (NASDAQ:NAVG)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $97.25 and last traded at $96.87, with a volume of 40,644 shares changing hands. The stock had previously closed at $96.27.
Several equities analysts have weighed in on NAVG shares. Zacks Investment Research raised shares of The Navigators Group from a “sell” rating to a “hold” rating in a report on Saturday, May 21st. Keefe, Bruyette & Woods lifted their price target on shares of The Navigators Group from $82.00 to $86.00 and gave the company a “market perform” rating in a report on Friday, May 27th.
The stock has a market cap of $1.41 billion and a price-to-earnings ratio of 19.26. The firm’s 50-day moving average is $92.41 and its 200 day moving average is $87.85.

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The Navigators Group (NASDAQ:NAVG) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.02. During the same period in the previous year, the company posted $1.34 earnings per share. The firm had revenue of $267.90 million for the quarter, compared to analysts’ expectations of $270.31 million. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, analysts forecast that The Navigators Group Inc. will post $4.74 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, August 19th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Wednesday, August 17th.
In related news, SVP R Scott Eisdorfer sold 2,760 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $92.44, for a total value of $255,134.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 24.20% of the stock is currently owned by corporate insiders.
The Navigators Group, Inc is a holding company. The Company is an international insurance company focused on marine insurance. The Company’s segments are 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 Primary and Excess Casualty divisions.

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