James River Group Holdings Ltd. (NASDAQ:JRVR) had its price target increased by stock analysts at FBR & Co from $36.00 to $40.00 in a research report issued to clients and investors on Tuesday. The firm presently has an “outperform” rating on the stock. FBR & Co’s target price points to a potential upside of 10.47% from the company’s previous close.

Several other research firms also recently weighed in on JRVR. Zacks Investment Research downgraded shares of James River Group Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 18th. Keefe, Bruyette & Woods upped their price target on shares of James River Group Holdings from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th. Finally, BMO Capital Markets restated an “outperform” rating and set a $40.00 price target (up previously from $38.00) on shares of James River Group Holdings in a research report on Tuesday, July 12th. Five investment analysts have rated the stock with a buy rating, James River Group Holdings presently has an average rating of “Buy” and a consensus target price of $39.00.

James River Group Holdings (NASDAQ:JRVR) opened at 36.21 on Tuesday. The firm’s 50 day moving average price is $35.90 and its 200 day moving average price is $33.81. James River Group Holdings has a 12 month low of $25.86 and a 12 month high of $38.31. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 18.22 and a beta of 0.58.

James River Group Holdings (NASDAQ:JRVR) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. James River Group Holdings had a net margin of 11.27% and a return on equity of 9.00%. The firm earned $134.51 million during the quarter, compared to the consensus estimate of $146.28 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities research analysts predict that James River Group Holdings will post $2.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 12th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.21%. James River Group Holdings’s payout ratio is 40.20%.

In other James River Group Holdings news, CEO Steven J. Hartman sold 10,000 shares of the stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $35.22, for a total value of $352,200.00. Following the completion of the sale, the chief executive officer now owns 34,453 shares in the company, valued at approximately $1,213,434.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 12.20% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in JRVR. Hancock Holding Co. increased its stake in James River Group Holdings by 1.7% in the second quarter. Hancock Holding Co. now owns 26,542 shares of the company’s stock worth $901,000 after buying an additional 446 shares during the last quarter. BlackRock Group LTD increased its stake in shares of James River Group Holdings by 8.4% in the second quarter. BlackRock Group LTD now owns 6,070 shares of the company’s stock worth $206,000 after buying an additional 469 shares in the last quarter. Strs Ohio increased its stake in shares of James River Group Holdings by 3.0% in the second quarter. Strs Ohio now owns 20,300 shares of the company’s stock worth $689,000 after buying an additional 600 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of James River Group Holdings by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 173,276 shares of the company’s stock worth $5,884,000 after buying an additional 938 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of James River Group Holdings by 33.3% in the second quarter. Royal Bank of Canada now owns 3,809 shares of the company’s stock worth $129,000 after buying an additional 951 shares in the last quarter. Institutional investors own 95.77% of the company’s stock.

About James River Group Holdings

James River Group Holdings, Ltd. is an insurance holding company. The Company owns and operates a group of specialty insurance and reinsurance companies. The Company operates through four segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. The Excess and Surplus Lines segment offers excess and surplus commercial lines liability and property insurance.

5 Day Chart for NASDAQ:JRVR

Receive News & Stock Ratings for James River Group Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for James River Group Holdings Ltd. and related stocks with our FREE daily email newsletter.