Navigators Group (NAVG) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Navigators Group (NASDAQ:NAVG) from a hold rating to a buy rating in a report released on Friday morning, ValuEngine reports.

A number of other brokerages have also recently commented on NAVG. BidaskClub raised shares of Navigators Group from a strong sell rating to a sell rating in a research note on Friday, March 1st. Zacks Investment Research raised shares of Navigators Group from a strong sell rating to a hold rating in a research note on Tuesday, January 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Navigators Group presently has an average rating of Hold and an average target price of $68.50.

Shares of NASDAQ:NAVG opened at $69.95 on Friday. Navigators Group has a 52 week low of $54.65 and a 52 week high of $71.45. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 23.63 and a beta of 0.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.38 and a quick ratio of 0.38.

Several hedge funds have recently added to or reduced their stakes in NAVG. Water Island Capital LLC boosted its stake in shares of Navigators Group by 112.0% during the 1st quarter. Water Island Capital LLC now owns 1,133,841 shares of the insurance provider’s stock worth $79,221,000 after purchasing an additional 598,965 shares during the period. Norges Bank bought a new stake in Navigators Group during the 4th quarter valued at about $26,417,000. Gardner Lewis Asset Management L P bought a new stake in Navigators Group during the 4th quarter valued at about $16,756,000. JPMorgan Chase & Co. lifted its holdings in Navigators Group by 77.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 407,912 shares of the insurance provider’s stock valued at $28,187,000 after buying an additional 178,205 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Navigators Group by 134.4% during the 4th quarter. Bank of America Corp DE now owns 256,114 shares of the insurance provider’s stock valued at $17,796,000 after buying an additional 146,837 shares in the last quarter. 74.03% of the stock is owned by hedge funds and other 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, and Global Reinsurance segments.

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