Navigators Group (NASDAQ:NAVG) Downgraded by ValuEngine to “Hold”

Navigators Group (NASDAQ:NAVG) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, February 4th.

A number of other equities analysts also recently commented on NAVG. Zacks Investment Research downgraded Navigators Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 10th. BidaskClub upgraded Navigators Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. Finally, Boenning Scattergood restated a “hold” rating on shares of Navigators Group in a research report on Monday, November 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Navigators Group has a consensus rating of “Hold” and an average target price of $68.50.

NASDAQ NAVG opened at $69.76 on Monday. The company has a market capitalization of $2.08 billion, a PE ratio of 60.14 and a beta of 0.37. Navigators Group has a 1-year low of $53.25 and a 1-year high of $71.45. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.23.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Amalgamated Bank purchased a new stake in Navigators Group during the 4th quarter worth about $214,000. Legal & General Group Plc lifted its holdings in Navigators Group by 0.5% during the 4th quarter. Legal & General Group Plc now owns 54,855 shares of the insurance provider’s stock worth $3,811,000 after buying an additional 288 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Navigators Group by 3.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 16,383 shares of the insurance provider’s stock worth $1,138,000 after buying an additional 544 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in Navigators Group during the 4th quarter worth about $467,000. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in Navigators Group by 365.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,770 shares of the insurance provider’s stock worth $470,000 after buying an additional 5,315 shares during the last quarter. 73.10% of the stock is owned by institutional investors.

Navigators Group Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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