Navigators Group Inc (NAVG) Releases Earnings Results, Misses Expectations By $-0.17 EPS

Navigators Group Inc (NAVG) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.81 earnings per share for the quarter, missing the analyst consensus estimate by $-0.17. Analysts had a consensus of $0.98. The company posted revenue of $267.90 million in the period, compared to analysts expectations of $269.93 million. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 EPS.

Navigators Group Inc closed down -0.89 points or -0.96% at $91.67 with 51,400 shares getting traded on Tusday. Post opening the session at $92.77, the shares hit an intraday low of $91.31 and an intraday high of $93.17 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Feb 22, 2016, Vincent C Tizzio (CEO & President (NMC) sold 2,238 shares at $82.00 per share price. According to the SEC, on Mar 12, 2015, Stephen R Coward (President, NavTech (division) sold 1,438 shares at $72.15 per share price.

Navigators Group Inc. is a holding company. The Company is an international insurance company focused on products within the overall property and casualty insurance market. The Company classifies its business into one Corporate segment (Corporate) and two underwriting segments the Insurance Companies segment (Insurance Companies) and the Lloyd’s Operations segment (Lloyd’s Operations) which are separately managed by business line divisions. Insurance Companies are primarily engaged in underwriting Marine insurance Primary Casualty insurance Excess Casualty insurance Assumed Reinsurance Management Liability insurance and Errors & Omissions (E&O) insurance. Lloyd’s Operations are primarily engaged in underwriting Marine insurance; Energy & Engineering insurance Assumed Reinsurance Management Liability insurance and E&O insurance at Lloyd’s of London through Lloyd’s Syndicate 1221.

Navigators Group Inc

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