James River Group (NASDAQ:JRVR) Stock Rating Upgraded by Zacks Research

James River Group (NASDAQ:JRVR) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of James River Group in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, James River Group presently has an average rating of “Hold” and an average price target of $6.06.

James River Group Stock Down 6.7%

Shares of NASDAQ JRVR opened at $5.55 on Tuesday. The business’s fifty day moving average price is $5.41 and its 200-day moving average price is $5.46. James River Group has a one year low of $3.00 and a one year high of $6.77. The stock has a market capitalization of $254.87 million, a PE ratio of -2.67 and a beta of 0.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.66 and a quick ratio of 0.63.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Monday, November 3rd. The insurance provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. The business had revenue of $172.74 million for the quarter, compared to analysts’ expectations of $179.21 million. James River Group had a positive return on equity of 7.63% and a negative net margin of 7.64%. On average, equities research analysts anticipate that James River Group will post -0.35 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Deutsche Bank AG bought a new position in shares of James River Group in the first quarter worth $25,000. Cerity Partners LLC purchased a new position in James River Group during the second quarter worth about $61,000. BNP Paribas Financial Markets increased its stake in James River Group by 43.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 13,211 shares of the insurance provider’s stock worth $77,000 after acquiring an additional 3,971 shares during the last quarter. Sowell Financial Services LLC raised its holdings in shares of James River Group by 15.4% in the 3rd quarter. Sowell Financial Services LLC now owns 15,000 shares of the insurance provider’s stock valued at $83,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Brandywine Global Investment Management LLC bought a new stake in shares of James River Group during the 2nd quarter valued at about $99,000. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.