According to Zacks, “James River Group Holdings, Ltd. is an insurance company which own and operate specialty insurance and reinsurance companies. The Company operates through Excess and Surplus Lines, Specialty Admitted Insurance and Casualty Reinsurance segments. James River Group Holdings, Ltd. is based in Hamilton, Bermuda. “
Several other equities analysts have also recently weighed in on the stock. TheStreet cut shares of James River Group from a “b-” rating to a “c” rating in a research report on Wednesday, November 6th. ValuEngine raised James River Group from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. SunTrust Banks downgraded James River Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $55.00 to $40.00 in a research note on Wednesday, October 9th. BidaskClub upgraded James River Group from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Finally, B. Riley cut James River Group from a “neutral” rating to a “sell” rating and cut their target price for the company from $45.00 to $40.00 in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. James River Group currently has a consensus rating of “Hold” and an average target price of $42.50.
JRVR opened at $41.35 on Wednesday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average price is $37.05 and its two-hundred day moving average price is $44.63. James River Group has a 1-year low of $34.08 and a 1-year high of $52.18. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 17.75 and a beta of 0.47.
James River Group (NASDAQ:JRVR) last issued its quarterly earnings data on Thursday, November 7th. The insurance provider reported ($0.73) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.97) by $0.24. The firm had revenue of $231.47 million during the quarter, compared to analysts’ expectations of $227.50 million. James River Group had a net margin of 3.69% and a return on equity of 4.86%. As a group, equities analysts forecast that James River Group will post 1.25 earnings per share for the current fiscal year.
In other news, CEO J Adam Abram purchased 1,585 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average cost of $35.00 per share, for a total transaction of $55,475.00. Following the completion of the acquisition, the chief executive officer now owns 428,610 shares in the company, valued at $15,001,350. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of JRVR. Arizona State Retirement System boosted its stake in shares of James River Group by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 46,789 shares of the insurance provider’s stock worth $2,194,000 after buying an additional 405 shares during the last quarter. Strs Ohio bought a new stake in James River Group during the second quarter worth $891,000. First Trust Advisors LP boosted its position in James River Group by 3.8% in the second quarter. First Trust Advisors LP now owns 9,822 shares of the insurance provider’s stock worth $461,000 after purchasing an additional 360 shares during the last quarter. Aperio Group LLC purchased a new position in James River Group in the second quarter worth $191,000. Finally, Envestnet Asset Management Inc. grew its stake in James River Group by 2.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 63,075 shares of the insurance provider’s stock valued at $2,958,000 after purchasing an additional 1,516 shares during the period. 97.95% of the stock is owned by institutional investors and hedge funds.
James River Group Company Profile
James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. Its Excess and Surplus Lines segment underwrites liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.
Further Reading: How to Use the New Google Finance Tool
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for James River Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for James River Group and related companies with MarketBeat.com's FREE daily email newsletter.