Today’s Price Action: What’s Propelling Navigators Group Inc to Reach All-Time High?

Today's Price Action: What's Propelling Navigators Group Inc to Reach All Time High?

The stock of Navigators Group Inc (NASDAQ:NAVG) reached all time high today, Nov, 25 and still has $115.67 target or 8.00% above today’s $107.10 share price. This indicates more upside for the $1.57 billion company. This technical setup was reported by Barchart.com. If the $115.67 PT is reached, the company will be worth $125.60M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 2.44% or $2.55 during the last trading session, hitting $107.1. About 21,788 shares traded hands. Navigators Group Inc (NASDAQ:NAVG) has risen 26.94% since April 22, 2016 and is uptrending. It has outperformed by 21.53% the S&P500.

Analysts await Navigators Group Inc (NASDAQ:NAVG) to report earnings on February, 8. They expect $1.23 earnings per share, down 7.52% or $0.10 from last year’s $1.33 per share. NAVG’s profit will be $18.03M for 21.77 P/E if the $1.23 EPS becomes a reality. After $1.40 actual earnings per share reported by Navigators Group Inc for the previous quarter, Wall Street now forecasts -12.14% negative EPS growth.

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. On Friday, May 27 the stock rating was maintained by Wood with “Market Perform”. The stock of Navigators Group Inc (NASDAQ:NAVG) has “Hold” rating given on Monday, November 7 by Sandler O’Neill.

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 decreased to 0.94 in 2016 Q2. Its down 0.94, from 1.88 in 2016Q1. The ratio is negative, 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.
Guggenheim Ltd Liability has invested 0.01% of its portfolio in Navigators Group Inc (NASDAQ:NAVG). D E Shaw And Company accumulated 0% or 5,245 shares. Bnp Paribas Arbitrage has invested 0% of its portfolio in Navigators Group Inc (NASDAQ:NAVG). Vanguard Inc accumulated 0.01% or 925,533 shares. The Pennsylvania-based Glenmede Na has invested 0% in Navigators Group Inc (NASDAQ:NAVG). Denali Advisors Ltd Company holds 22 shares or 0% of its portfolio. Moreover, Ls Investment Lc has 0% invested in Navigators Group Inc (NASDAQ:NAVG) for 383 shares. Teton Advsr holds 0.02% or 2,505 shares in its portfolio. Cs Mckee Lp last reported 19,109 shares in the company. Moreover, Morgan Stanley has 0% invested in Navigators Group Inc (NASDAQ:NAVG) for 26,302 shares. Aperio Gp Lc holds 4,879 shares or 0% of its portfolio. State Of Tennessee Treasury Department reported 8,705 shares or 0% of all its holdings. Ubs Asset Mgmt Americas Incorporated last reported 0% of its portfolio in the stock. State Board Of Administration Of Florida Retirement Sys owns 5,517 shares or 0% of their US portfolio. Stevens Cap Limited Partnership reported 4,276 shares or 0.02% of all its holdings.

Insider Transactions: Since August 25, 2016, the stock had 0 insider buys, and 3 selling transactions for $839,401 net activity. $209,387 worth of Navigators Group Inc (NASDAQ:NAVG) was sold by EISDORFER R SCOTT on Friday, November 11. $374,880 worth of Navigators Group Inc (NASDAQ:NAVG) shares were sold by Saunders Jeff L.

More news for Navigators Group Inc (NASDAQ:NAVG) were recently published by: Nasdaq.com, which released: “The Navigators Group, Inc. (NAVG) Ex-Dividend Date Scheduled for November 16, 2016” on November 15, 2016. Nasdaq.com‘s article titled: “Ex-Dividend Reminder: Navigators Group, Diebold and FLIR Systems” and published on November 14, 2016 is yet another important article.

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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