The stock of Navigators Group Inc (NASDAQ:NAVG) hit a new 52-week high and has $138.28 target or 31.00% above today’s $105.56 share price. The 9 months bullish chart indicates low risk for the $1.58 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $138.28 price target is reached, the company will be worth $489.80M 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. About 82,805 shares traded hands or 69.86% up from the average. Navigators Group Inc (NASDAQ:NAVG) has risen 25.88% since April 11, 2016 and is uptrending. It has outperformed by 19.73% the S&P500.
Navigators Group Inc (NASDAQ:NAVG) Ratings Coverage
Out of 2 analysts covering Navigators Group (NASDAQ:NAVG), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Navigators Group has been the topic of 2 analyst reports since May 27, 2016 according to StockzIntelligence Inc. Sandler O’Neill downgraded the shares of NAVG in a report on Monday, November 7 to “Hold” rating. The stock of Navigators Group Inc (NASDAQ:NAVG) has “Market Perform” rating given on Friday, May 27 by Wood.
According to Zacks Investment Research, “The Navigators Group, Inc. is a holding company with twelve active wholly owned subsidiaries. They primarily write marine, onshore energy, engineering and construction insurance, and a contractors’ general liability program. As underwritten by Navigators, marine insurance includes hull, energy, liability and cargo; onshore energy primarily covers property damage with an emphasis on the oil and petrochemical sectors; and engineering and construction primarily covers construction projects including machinery, equipment and loss of use due to delays.”
Insitutional Activity: The institutional sentiment increased to 1.88 in Q2 2016. Its up 0.82, from 1.06 in 2016Q1. The ratio improved, as 7 funds sold all Navigators Group Inc shares owned while 35 reduced positions. 17 funds bought stakes while 62 increased positions. They now own 10.53 million shares or 1.63% less from 10.70 million shares in 2016Q1.
Brandywine Glob Investment Limited holds 0.03% of its portfolio in Navigators Group Inc (NASDAQ:NAVG) for 52,721 shares. The Maryland-based Calvert Investment Mngmt Inc has invested 0.2% in Navigators Group Inc (NASDAQ:NAVG). Gsa Prtn Ltd Liability Partnership accumulated 0.02% or 2,972 shares. Walthausen Commerce Llc has 126,564 shares for 1.21% of their US portfolio. Moreover, Deutsche Savings Bank Ag has 0% invested in Navigators Group Inc (NASDAQ:NAVG) for 20,797 shares. Martingale Asset Mgmt Ltd Partnership holds 0.01% or 8,304 shares in its portfolio. Great West Life Assurance Can last reported 1,858 shares in the company. Bancorporation Of New York Mellon last reported 0.01% of its portfolio in the stock. Alliancebernstein Limited Partnership owns 19,292 shares or 0% of their US portfolio. The Texas-based Avalon Ltd Liability has invested 0.07% in Navigators Group Inc (NASDAQ:NAVG). Jpmorgan Chase And accumulated 0% or 128,867 shares. Swiss Financial Bank reported 19,200 shares or 0% of all its holdings. Atlanta Mgmt Communications L L C has 0.15% invested in the company for 236,261 shares. Prudential has 115,423 shares for 0.02% of their US portfolio. Grantham Mayo Van Otterloo Company Limited Company accumulated 0.02% or 54,529 shares.
Insider Transactions: Since August 25, 2016, the stock had 0 insider purchases, and 2 sales for $630,014 net activity. $374,880 worth of Navigators Group Inc (NASDAQ:NAVG) was sold by Saunders Jeff L on Tuesday, November 8. $255,134 worth of Navigators Group Inc (NASDAQ:NAVG) was sold by EISDORFER R SCOTT.
NAVG Company Profile
The Navigators Group, Inc., incorporated on November 12, 1982, is a holding company. The Firm is an international insurance firm focused on marine insurance. The Company’s divisions are 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 Primary and Excess Casualty divisions. The Firm also offers reinsurance products through its GlobalRe business. The Firm operates through various subsidiaries, including Navigators Insurance Company (NIC), inclusive of its United Kingdom Branch and Navigators Specialty Insurance Company (NSIC), both of which are the Unites States insurance companies, and Navigators Underwriting Agency Ltd., a Lloyd’s of London (Lloyd’s) underwriting agency that manages Lloyd’s Syndicate 1221 (the Syndicate) in the United Kingdom. The Firm distributes its products through international, national and regional, retail and wholesale insurance brokers. The Company’s U.S. Insurance and Int’l Insurance divisions consist of three operating divisions, such as Marine, P&C and Professional Liability.
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