Oppenheimer Revises Estimates on Navigators Group

Oppenheimer released its quarterly update today on Navigators Group NAVG in which they revise operating estimates and investment income. Oppenheimer has revised the 2010 and 2011 NAVG operating estimates to $3.13/share and $3.31/share. The estimate for investment income was $1M to the downside at $73M according to their research report. Oppenheimer maintains its Perform rating on NAVG. NAVG closed Friday at $48.60