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Oppenheimer Revises Navigators Group Operating Estimates

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In a report released today, Oppenheimer said that it is revising its 2010 and 2011 Navigators Group (NASDAQ: NAVG) operating estimates to $3.13/share and $3.31/share, respectively.

“Third-quarter share repurchases were below our estimate and our revised 4Q10 EPS estimate reflects a higher average share count,” Oppenheimer writes. “In 2011, we expect premium growth from NavTech—the company's first party energy and engineering business—and Navigators Re, in addition to a marginally better combined ratio.”

Oppenheimer maintains its Perform rating on Navigators Group, which currently trades at $48.43.

Posted-In: Navigators Group OppenheimerAnalyst Ratings

 

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