Market Overview

Keefe, Bruyette & Woods on Navigators Group (NAVG)

Share:

Keefe, Bruyette & Woods reported on Navigators Group (NASDAQ: NAVG) this morning. In the report, Keefe was neutral.

Keefe writes, “Results missed driven by several items, including sizeable marine & energy losses and resulting commission adjustments and reinstatements, as well as modest reserve adds and slightly weaker underlying results. Book value declined .7% to $52.29. We are lowering 2011/2012 EPS and our PT to $49, but maintain a Market Perform rating.”

Keefe has a Market Perform rating on Navigators Group and a price target of $49.00. NAVG closed yesterday at $48.97, down $0.02 from the opening bell.

Posted-In: Bruyette & Woods Keefe Navigators GroupAnalyst Color Analyst Ratings

 

Related Articles (NAVG)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
LOWRBC CapitalMaintains129.0
MARRBC CapitalMaintains148.0
CRLSunTrust Robinson HumphreyMaintains162.0
CFRSunTrust Robinson HumphreyMaintains105.0
ZYNEJefferiesAssumes11.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

USD/JPY is Leader Among Major Currency Pairs for Today's Session

UPDATE: Deutsche Bank Raises PT on LMI Aerospace to $24 (LMIA)