James River Group Holdings Ltd. (NASDAQ:JRVR) – Investment analysts at FBR & Co issued their FY2018 earnings per share estimates for James River Group Holdings in a research report issued on Wednesday. FBR & Co analyst R. Binner expects that the firm will post earnings per share of $2.65 for the year. FBR & Co currently has a “Buy” rating on the stock.

James River Group Holdings (NASDAQ:JRVR) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. The company had revenue of $151.40 million for the quarter, compared to the consensus estimate of $151.86 million. James River Group Holdings had a net margin of 11.34% and a return on equity of 9.22%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS.

Earnings History and Estimates for James River Group Holdings (NASDAQ:JRVR)

Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of James River Group Holdings from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Saturday, August 6th. Keefe, Bruyette & Woods increased their price objective on shares of James River Group Holdings from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, August 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $39.40.

James River Group Holdings (NASDAQ:JRVR) opened at 40.18 on Friday. The company’s 50-day moving average is $37.23 and its 200 day moving average is $34.98. James River Group Holdings has a one year low of $25.86 and a one year high of $41.16. The company has a market capitalization of $1.17 billion, a P/E ratio of 19.50 and a beta of 0.56.

In other news, CEO Steven J. Hartman sold 10,000 shares of the firm’s 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 transaction, the chief executive officer now directly owns 34,453 shares of the company’s stock, valued at $1,213,434.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 12.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its position in 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 valued at $129,000 after buying an additional 951 shares in the last quarter. BlackRock Inc. increased its position in James River Group Holdings by 398.0% in the second quarter. BlackRock Inc. now owns 3,889 shares of the company’s stock valued at $132,000 after buying an additional 3,108 shares in the last quarter. JPMorgan Chase & Co. increased its position in James River Group Holdings by 12,238.5% in the second quarter. JPMorgan Chase & Co. now owns 4,812 shares of the company’s stock valued at $164,000 after buying an additional 4,773 shares in the last quarter. BlackRock Group LTD increased its position in James River Group Holdings by 8.4% in the second quarter. BlackRock Group LTD now owns 6,070 shares of the company’s stock valued at $206,000 after buying an additional 469 shares in the last quarter. Finally, BlackRock Advisors LLC increased its position in James River Group Holdings by 92.4% in the second quarter. BlackRock Advisors LLC now owns 6,722 shares of the company’s stock valued at $228,000 after buying an additional 3,228 shares in the last quarter. 95.77% of the stock is currently owned by hedge funds and other institutional investors.

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

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