Wall Street Zen Upgrades James River Group (NASDAQ:JRVR) to Buy

James River Group (NASDAQ:JRVR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

JRVR has been the subject of a number of other research reports. Zacks Research upgraded shares of James River Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “sell (d-)” rating on shares of James River Group in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.06.

James River Group Trading Down 0.4%

JRVR opened at $5.57 on Friday. The business has a fifty day moving average price of $5.40 and a 200 day moving average price of $5.52. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.64 and a quick ratio of 0.64. James River Group has a 12 month low of $3.00 and a 12 month high of $6.27. The stock has a market capitalization of $256.05 million, a price-to-earnings ratio of -2.68 and a beta of 0.03.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings results 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. James River Group had a positive return on equity of 7.11% and a negative net margin of 7.64%.The company had revenue of $172.74 million for the quarter, compared to analyst estimates of $179.21 million. Sell-side analysts expect that James River Group will post -0.35 earnings per share for the current fiscal year.

Institutional Trading of James River Group

Institutional investors have recently modified their holdings of the stock. Zimmer Partners LP grew its position in shares of James River Group by 684.4% in the 1st quarter. Zimmer Partners LP now owns 2,162,484 shares of the insurance provider’s stock valued at $9,082,000 after buying an additional 1,886,781 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in James River Group by 0.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,057,300 shares of the insurance provider’s stock valued at $8,641,000 after acquiring an additional 11,001 shares during the last quarter. Geode Capital Management LLC boosted its stake in James River Group by 10.5% in the second quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock valued at $5,875,000 after acquiring an additional 95,351 shares in the last quarter. Boston Partners grew its holdings in shares of James River Group by 7.9% during the third quarter. Boston Partners now owns 739,621 shares of the insurance provider’s stock worth $4,105,000 after purchasing an additional 54,024 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of James River Group by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 719,379 shares of the insurance provider’s stock worth $3,993,000 after purchasing an additional 23,226 shares in the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

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.