Shares of James River Group Holdings Ltd. (NASDAQ:JRVR) have been given a consensus recommendation of “Buy” by the five ratings firms that are covering the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $39.40.

JRVR has been the subject of a number of research reports. BMO Capital Markets reiterated an “outperform” rating and issued a $40.00 price objective (up previously from $38.00) on shares of James River Group Holdings in a research report on Tuesday, July 12th. Zacks Investment Research downgraded James River Group Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 18th. Keefe, Bruyette & Woods raised their price objective on 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, FBR & Co raised their price objective on James River Group Holdings from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 4th.

In related news, CEO Steven J. Hartman sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $35.22, for a total transaction of $352,200.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 12.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Swiss National Bank increased its position in James River Group Holdings by 23.4% in the second quarter. Swiss National Bank now owns 23,699 shares of the company’s stock valued at $805,000 after buying an additional 4,500 shares during the period. Frontier Capital Management Co. LLC increased its position in shares of James River Group Holdings by 13.1% in the second quarter. Frontier Capital Management Co. LLC now owns 1,420,675 shares of the company’s stock valued at $48,246,000 after buying an additional 164,432 shares during the last quarter. California State Teachers Retirement System increased its position in shares of James River Group Holdings by 28.4% in the second quarter. California State Teachers Retirement System now owns 29,925 shares of the company’s stock valued at $1,016,000 after buying an additional 6,625 shares during the last quarter. Bank of New York Mellon Corp increased its position 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 valued at $5,884,000 after buying an additional 938 shares during the last quarter. Finally, Hood River Capital Management LLC increased its position in shares of James River Group Holdings by 29.4% in the second quarter. Hood River Capital Management LLC now owns 409,109 shares of the company’s stock valued at $13,893,000 after buying an additional 92,849 shares during the last quarter. Institutional investors and hedge funds own 95.77% of the company’s stock.

James River Group Holdings (NASDAQ:JRVR) traded down 0.86% on Monday, hitting $36.88. The stock had a trading volume of 41,057 shares. James River Group Holdings has a 1-year low of $25.86 and a 1-year high of $38.31. The firm has a market cap of $1.07 billion, a P/E ratio of 18.56 and a beta of 0.58. The firm’s 50-day moving average price is $35.92 and its 200-day moving average price is $33.91.

James River Group Holdings (NASDAQ:JRVR) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. James River Group Holdings had a return on equity of 9.00% and a net margin of 11.27%. The company earned $134.51 million during the quarter, compared to the consensus estimate of $146.28 million. During the same quarter last year, the company earned $0.42 EPS. The company’s quarterly revenue 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 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 12th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.15%. James River Group Holdings’s dividend payout ratio (DPR) is presently 40.20%.

James River Group Holdings Company Profile

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

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