Navigators Group (NAVG) Downgraded to “Sell” at BidaskClub

Navigators Group (NASDAQ:NAVG) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

NAVG has been the topic of a number of other research reports. ValuEngine upgraded Navigators Group from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research upgraded Navigators Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $68.50.

Shares of NASDAQ NAVG opened at $69.84 on Wednesday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.22. Navigators Group has a 52 week low of $54.03 and a 52 week high of $71.45. The firm has a market capitalization of $2.08 billion, a P/E ratio of 60.21 and a beta of 0.37.



Institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can grew its position in Navigators Group by 9.9% in the fourth quarter. Bank of Montreal Can now owns 1,659 shares of the insurance provider’s stock valued at $115,000 after acquiring an additional 149 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Navigators Group by 17.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,697 shares of the insurance provider’s stock valued at $118,000 after acquiring an additional 255 shares during the last quarter. Dupont Capital Management Corp bought a new position in Navigators Group in the third quarter valued at about $125,000. LS Investment Advisors LLC grew its position in Navigators Group by 257.3% in the fourth quarter. LS Investment Advisors LLC now owns 2,365 shares of the insurance provider’s stock valued at $164,000 after acquiring an additional 1,703 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in Navigators Group in the third quarter valued at about $204,000. Hedge funds and other institutional investors own 72.65% of the company’s stock.

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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