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Keefe, Bruyette & Woods Maintains Navigators Group Market Perform, Raises PT To $50 (NAVG)

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Keefe, Bruyette & Woods maintained its Navigators Group (NASDAQ: NAVG) Market Perform rating and raised Navigators Group's price target to $50 in a research report published today.

In the report, Keefe, Bruyette & Woods states, "Results modestly beat as higher other income more than offset weaker investment income and higher taxes, while underwriting was generally in-line with cats as pre-announced and modest reserve redundancies. BV declined 2.7% sequentially, below forecast."

Shares of Navigators Group were trading at $51.75 at the time of posting, up 1.65% from Thursday's market close.

Posted-In: Bruyette & Woods KeefeAnalyst Color Price Target Analyst Ratings

 

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