Media stories about The Navigators Group (NASDAQ:NAVG) have been trending somewhat positive on Saturday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Navigators Group earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 45.7753486959995 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Insider Selling: The Navigators Group, Inc. (NAVG) SVP Sells 10,985 Shares of Stock (americanbankingnews.com)
- Navigators Hires Jim Rhyner to Run Navigators Pro (feeds.benzinga.com)
- R Scott Eisdorfer Sells 3,532 Shares of The Navigators Group, Inc. (NASDAQ:NAVG) Stock (americanbankingnews.com)
- A.M. Best Revises Outlooks to Positive for Navigators Insurance Company, Its Subsidiary and The Navigators Group, Inc. (finance.yahoo.com)
NAVG has been the subject of a number of recent research reports. ValuEngine downgraded The Navigators Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Boenning Scattergood reissued a “hold” rating on shares of The Navigators Group in a report on Friday, August 4th. Sidoti assumed coverage on The Navigators Group in a report on Thursday, June 22nd. They issued a “neutral” rating and a $58.00 price objective for the company. Finally, Zacks Investment Research cut The Navigators Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. Six research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The Navigators Group presently has a consensus rating of “Hold” and an average target price of $59.50.
Shares of The Navigators Group (NASDAQ NAVG) opened at 55.25 on Friday. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 19.52 and a beta of 0.77. The Navigators Group has a 1-year low of $45.38 and a 1-year high of $62.04. The company has a 50-day moving average price of $55.59 and a 200 day moving average price of $54.38.
The Navigators Group (NASDAQ:NAVG) last posted its quarterly earnings data on Thursday, August 3rd. The insurance provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.08. The Navigators Group had a return on equity of 6.53% and a net margin of 6.86%. The firm had revenue of $293.80 million during the quarter, compared to analysts’ expectations of $297.82 million. During the same period in the prior year, the business earned $0.54 EPS. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities research analysts predict that The Navigators Group will post $2.54 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Tuesday, August 22nd. The Navigators Group’s dividend payout ratio is presently 8.48%.
In other The Navigators Group news, CEO Stanley A. Galanski sold 25,000 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $54.12, for a total value of $1,353,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Colin Sprott sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $52.73, for a total value of $527,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 69,517 shares of company stock valued at $3,751,607 over the last 90 days. 24.10% of the stock is currently owned by company insiders.
The Navigators Group Company Profile
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.
Receive News & Ratings for The Navigators Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Navigators Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.