After Making 52-Week High, Is The Navigators Group, Inc. (NAVG)’s Near-Term Analysis Positive?

June 13, 2018 - By Michael Pereira

Investors sentiment decreased to 1.07 in 2018 Q1. Its down 0.31, from 1.38 in 2017Q4. It worsened, as 11 investors sold The Navigators Group, Inc. shares while 47 reduced holdings. 17 funds opened positions while 45 raised stakes. 21.90 million shares or 0.20% more from 21.86 million shares in 2017Q4 were reported.
California Pub Employees Retirement Sys holds 0.01% or 76,835 shares. Rhumbline Advisers holds 0.01% of its portfolio in The Navigators Group, Inc. (NASDAQ:NAVG) for 53,481 shares. Price T Rowe Associate Inc Md holds 0% or 10,788 shares in its portfolio. Aqr Cap Management Lc holds 30,019 shares or 0% of its portfolio. Cs Mckee Lp owns 30,150 shares. 1.29M are owned by Diamond Hill Cap Inc. Geode Capital Management Ltd Co stated it has 211,836 shares. Northwestern Mutual Wealth Mngmt Communication holds 0% of its portfolio in The Navigators Group, Inc. (NASDAQ:NAVG) for 1,100 shares. Sector Pension Inv Board reported 0.01% stake. Alliancebernstein Ltd Partnership invested in 27,984 shares or 0% of the stock. Silvercrest Asset Group has 0.01% invested in The Navigators Group, Inc. (NASDAQ:NAVG) for 13,600 shares. The Kentucky-based Teachers Retirement System Of The State Of Kentucky has invested 0% in The Navigators Group, Inc. (NASDAQ:NAVG). Piermont Mngmt holds 0.48% of its portfolio in The Navigators Group, Inc. (NASDAQ:NAVG) for 24,850 shares. Us Savings Bank De holds 0% of its portfolio in The Navigators Group, Inc. (NASDAQ:NAVG) for 148 shares. Texas Permanent School Fund owns 14,858 shares or 0.01% of their US portfolio.

Since March 8, 2018, it had 0 buys, and 1 sale for $113,020 activity.

The stock of The Navigators Group, Inc. (NASDAQ:NAVG) hit a new 52-week high and has $64.91 target or 8.00 % above today’s $60.10 share price. The 8 months bullish chart indicates low risk for the $1.79B company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $64.91 price target is reached, the company will be worth $142.88M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.08% or $0.05 during the last trading session, reaching $60.1. About 95,405 shares traded. The Navigators Group, Inc. (NASDAQ:NAVG) has risen 12.10% since June 13, 2017 and is uptrending. It has underperformed by 0.47% the S&P500.

Analysts await The Navigators Group, Inc. (NASDAQ:NAVG) to report earnings on August, 2. They expect $0.67 earnings per share, up 1.52 % or $0.01 from last year’s $0.66 per share. NAVG’s profit will be $19.91 million for 22.43 P/E if the $0.67 EPS becomes a reality. After $1.09 actual earnings per share reported by The Navigators Group, Inc. for the previous quarter, Wall Street now forecasts -38.53 % negative EPS growth.

The Navigators Group, Inc. (NASDAQ:NAVG) Ratings Coverage

Among 3 analysts covering The Navigators Group (NASDAQ:NAVG), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. The Navigators Group had 4 analyst reports since February 16, 2018 according to SRatingsIntel. On Tuesday, February 20 the stock rating was downgraded by Sandler O’Neill to “Hold”. The company was maintained on Friday, February 16 by Sandler O’Neill. The rating was upgraded by Keefe Bruyette & Woods on Tuesday, May 8 to “Hold”. The stock has “Market Perform” rating by Wood on Wednesday, May 9.

More news for The Navigators Group, Inc. (NASDAQ:NAVG) were recently published by: Nasdaq.com, which released: “Research Report Identifies Floor & Decor, CommVault, Kennametal, SendGrid, Quality Care Properties, and The …” on May 23, 2018. Globenewswire.com‘s article titled: “Navigators Completes Acquisition of Belgian Specialty Insurer” and published on June 07, 2018 is yet another important article.

The Navigators Group, Inc., together with its subsidiaries, underwrites ocean marine, property and casualty, professional liability, and specialty insurance services and products in the United States and internationally. The company has market cap of $1.79 billion. The firm operates through the U.S. It has a 44.52 P/E ratio. Insurance, International Insurance, and Global Reinsurance divisions.

The Navigators Group, Inc. (NASDAQ:NAVG) Institutional Positions Chart

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