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

Keefe, Bruyette & Woods maintained its Navigators Group 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.