KBW Keeps a Hold Rating on The Navigators Group (NAVG)


KBW analyst Christopher Campbell reiterated a Hold rating on The Navigators Group (NASDAQ: NAVG) yesterday and set a price target of $62. The company’s shares closed yesterday at $58.60.

According to TipRanks.com, Campbell is a 3-star analyst with an average return of 5.7% and a 60.0% success rate. Campbell covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, State Auto Financial Corp, and GooseHead Insurance Inc.

The Navigators Group has an analyst consensus of Hold, with a price target consensus of $61, a 4.1% upside from current levels. In a report released yesterday, Boenning & Scattergood also maintained a Hold rating on the stock.

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Based on The Navigators Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $32.1 million. In comparison, last year the company had a net profit of $20.5 million.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock.

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Navigators Group, Inc. engages in the provision of international insurance. It operates through the following segments: Marine; P&C, and Professional Liability. The Marine segment offers insurance for companies engaged in diverse aspects of shipping, global trade, and worldwide transportation.

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