$0.77 EPS Expected for Navigators Group, Inc. (NAVG) This Quarter

Analysts expect Navigators Group, Inc. (NASDAQ:NAVG) to announce $0.77 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Navigators Group’s earnings, with estimates ranging from $0.76 to $0.78. Navigators Group posted earnings of $0.68 per share in the same quarter last year, which suggests a positive year over year growth rate of 13.2%. The company is scheduled to report its next earnings report after the market closes on Monday, May 7th.

Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Navigators Group.

Navigators Group (NASDAQ:NAVG) last released its quarterly earnings data on Thursday, February 15th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.22. The business had revenue of $305.10 million during the quarter, compared to analysts’ expectations of $314.59 million. Navigators Group had a net margin of 3.08% and a return on equity of 2.85%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS.



Several equities research analysts have recently issued reports on the stock. Sandler O’Neill cut shares of Navigators Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. They noted that the move was a valuation call. BidaskClub raised shares of Navigators Group from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. ValuEngine cut shares of Navigators Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Navigators Group from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods reissued a “sell” rating on shares of Navigators Group in a research report on Thursday, December 21st. Three investment 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. Navigators Group has an average rating of “Hold” and a consensus target price of $57.00.

Shares of Navigators Group stock traded up $0.10 during trading on Friday, hitting $57.75. 9,749 shares of the stock were exchanged, compared to its average volume of 96,718. The stock has a market cap of $1,715.82, a P/E ratio of 50.22 and a beta of 0.50. Navigators Group has a 12-month low of $45.80 and a 12-month high of $60.35. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.22.

The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 2nd were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This is a boost from Navigators Group’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.48%. Navigators Group’s payout ratio is 24.14%.

In related news, insider Carl L. Bach III sold 2,000 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $56.51, for a total value of $113,020.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.00% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in NAVG. Champlain Investment Partners LLC lifted its position in Navigators Group by 19.2% in the fourth quarter. Champlain Investment Partners LLC now owns 1,449,250 shares of the insurance provider’s stock valued at $70,578,000 after acquiring an additional 233,075 shares during the last quarter. Advisory Research Inc. lifted its position in Navigators Group by 29.5% in the fourth quarter. Advisory Research Inc. now owns 1,001,568 shares of the insurance provider’s stock valued at $48,776,000 after acquiring an additional 228,065 shares during the last quarter. Vulcan Value Partners LLC lifted its position in Navigators Group by 19.7% in the fourth quarter. Vulcan Value Partners LLC now owns 1,136,007 shares of the insurance provider’s stock valued at $55,324,000 after acquiring an additional 186,852 shares during the last quarter. Wells Fargo & Company MN lifted its position in Navigators Group by 531.3% in the third quarter. Wells Fargo & Company MN now owns 118,616 shares of the insurance provider’s stock valued at $6,922,000 after acquiring an additional 99,826 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Navigators Group by 198.8% in the fourth quarter. Millennium Management LLC now owns 135,869 shares of the insurance provider’s stock valued at $6,617,000 after purchasing an additional 90,405 shares during the period. 75.97% of the stock is owned by hedge funds and other institutional investors.

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About Navigators Group

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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