The Positive News Coverage Extremely Likely to Impact Navigators Group (NAVG) Stock Price

The Positive News Coverage Extremely Likely to Impact Navigators Group (NAVG) Stock Price

Here are some of the news stories that may have effected Alpha One’s rankings:

News coverage about Navigators Group (NASDAQ:NAVG) has been trending positive on Monday, according to Alpha One Sentiment. The research firm, a unit of Accern, rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Navigators Group earned a coverage optimism score of 0.50 on Alpha One’s scale. Alpha One also assigned media headlines about the insurance provider an impact score of 93 out of 100, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the near term.

NAVG has been the subject of several recent research reports. Zacks Investment Research downgraded Navigators Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. ValuEngine downgraded Navigators Group from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $55.50 target price on shares of Navigators Group in a report on Wednesday, March 22nd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Navigators Group has a consensus rating of “Hold” and an average price target of $55.50. Navigators Group (NASDAQ NAVG) opened at 54.50 on Monday. The stock’s 50 day moving average price is $52.71 and its 200-day moving average price is $73.20. Navigators Group has a 12-month low of $50.30 and a 12-month high of $124.08. The stock has a market capitalization of $1.61 billion, a PE ratio of 20.33 and a beta of 0.66.

Navigators Group (NASDAQ:NAVG) last posted its earnings results on Thursday, May 4th. The insurance provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $308.60 million during the quarter, compared to the consensus estimate of $297.34 million. Navigators Group had a net margin of 6.80% and a return on equity of 6.34%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.36 EPS. Analysts expect that Navigators Group will post $2.48 earnings per share for the current year. The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 9th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.44%. This is a positive change from Navigators Group’s previous quarterly dividend of $0.05. Navigators Group’s dividend payout ratio (DPR) is currently 6.83%.

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 TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:NAVG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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