Wall Street analysts expect James River Group Holdings, Ltd. (NASDAQ:JRVR) to announce sales of $168.95 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for James River Group’s earnings, with the lowest sales estimate coming in at $163.00 million and the highest estimate coming in at $174.90 million. James River Group reported sales of $241.15 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 29.9%. The company is expected to report its next quarterly earnings results after the market closes on Thursday, February 25th.
On average, analysts expect that James River Group will report full-year sales of $643.45 million for the current financial year, with estimates ranging from $637.50 million to $649.40 million. For the next fiscal year, analysts anticipate that the company will report sales of $734.15 million, with estimates ranging from $693.20 million to $775.10 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow James River Group.
A number of research analysts have weighed in on the company. B. Riley raised their price target on James River Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Compass Point raised their price target on James River Group from $56.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 6th. Finally, Zacks Investment Research downgraded James River Group from a “buy” rating to a “hold” rating in a research note on Wednesday, December 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. James River Group presently has a consensus rating of “Hold” and a consensus target price of $56.60.
Several institutional investors have recently bought and sold shares of JRVR. Envestnet Asset Management Inc. raised its holdings in shares of James River Group by 6.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 14,127 shares of the insurance provider’s stock worth $629,000 after buying an additional 859 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of James River Group by 70.5% during the 3rd quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the insurance provider’s stock worth $628,000 after buying an additional 5,830 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of James River Group by 166.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,760 shares of the insurance provider’s stock worth $78,000 after buying an additional 1,100 shares in the last quarter. Cambiar Investors LLC raised its holdings in shares of James River Group by 2.6% during the 3rd quarter. Cambiar Investors LLC now owns 54,139 shares of the insurance provider’s stock worth $2,411,000 after buying an additional 1,371 shares in the last quarter. Finally, Hanseatic Management Services Inc. acquired a new position in shares of James River Group during the 3rd quarter worth $84,000. 97.63% of the stock is owned by institutional investors.
James River Group stock traded down $0.47 during midday trading on Tuesday, reaching $46.66. The stock had a trading volume of 389,173 shares, compared to its average volume of 221,288. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s fifty day simple moving average is $49.15 and its 200-day simple moving average is $48.09. The stock has a market capitalization of $1.43 billion, a P/E ratio of 32.06 and a beta of 0.48. James River Group has a 1-year low of $25.34 and a 1-year high of $57.41.
James River Group Company Profile
James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. It operates through Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance segments. The 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.
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