Analysts Set $43.00 Target Price for Navigators Group Inc (NAVG)

Navigators Group Inc (NASDAQ:NAVG) has been given an average broker rating score of 0.00 () from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.

Brokers have set a 1 year consensus price target of $43.00 for the company and are forecasting that the company will post $0.80 EPS for the current quarter, according to Zacks. Zacks has also given Navigators Group an industry rank of 167 out of 265 based on the ratings given to its competitors.

NAVG has been the subject of several research analyst reports. Zacks Investment Research upgraded Navigators Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 18th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $55.50 price objective on shares of Navigators Group in a report on Wednesday.

Navigators Group (NASDAQ:NAVG) opened at 53.65 on Monday. Navigators Group has a one year low of $52.10 and a one year high of $62.04. The company has a 50-day moving average price of $55.26 and a 200-day moving average price of $88.36. The firm has a market cap of $1.56 billion, a PE ratio of 19.51 and a beta of 0.66.

The business also recently announced a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Friday, March 3rd were issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Wednesday, March 1st. Navigators Group’s dividend payout ratio is 6.83%.

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Several large investors have recently made changes to their positions in the stock. Huntington National Bank increased its stake in shares of Navigators Group by 18.2% in the third quarter. Huntington National Bank now owns 1,186 shares of the company’s stock valued at $115,000 after buying an additional 183 shares in the last quarter. Acrospire Investment Management LLC increased its stake in shares of Navigators Group by 37.1% in the third quarter. Acrospire Investment Management LLC now owns 1,477 shares of the company’s stock valued at $143,000 after buying an additional 400 shares in the last quarter. Miles Capital Inc. bought a new stake in shares of Navigators Group during the fourth quarter valued at approximately $205,000. Eqis Capital Management Inc. increased its stake in shares of Navigators Group by 2.6% in the third quarter. Eqis Capital Management Inc. now owns 2,337 shares of the company’s stock valued at $226,000 after buying an additional 59 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of Navigators Group by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,450 shares of the company’s stock valued at $237,000 after buying an additional 40 shares in the last quarter. 36.98% of the stock is owned by institutional investors and hedge funds.

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.

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