Navigators shares up 7% on sale speculation

The Navigators Group Inc. (NAVG) was among the biggest gainers on the Russell 2000 for Tuesday July 26 as the stock popped 6.6% to $93.78, representing a gain of $5.81 per share. Some 256,492 shares traded hands on 2,377 trades, compared with an average daily volume of 46,726 shares out of a total float of 14.53 million. The stock opened at $87.85 and traded with an intraday range of $95.00 to $87.45.

After today’s gains, The Navigators Group Inc. reached a market cap of $1.36 billion. The Navigators Group Inc. has had a trading range between $97.18 and $71.01 over the last year, and it had a 50-day SMA of $90.10 and a 200-day SMA of $85.62.

The stock has a P/E Ratio of 16.8.

Navigators Group Inc is an international insurance company specialization in Marine insurance. The Company also provides Property and Casualty insurance.

The Navigators Group Inc. is based out of Stamford, CT and has some 675 employees. Its CEO is Stanley A. Galanski.

For a complete fundamental analysis analysis of The Navigators Group Inc., check out Equities.com’s Stock Valuation Analysis report for NAVG. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

 

Source: Equities