James River Group Holdings Ltd. (NASDAQ:JRVR) was downgraded by stock analysts at Keefe, Bruyette & Woods to a “market perform” rating in a note issued to investors on Monday.

A number of other research analysts have also weighed in on the company. FBR & Co increased their price objective on James River Group Holdings from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, October 4th. Zacks Investment Research lowered James River Group Holdings from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a report on Wednesday, October 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.40.

James River Group Holdings (NASDAQ:JRVR) opened at 40.18 on Monday. The stock has a market capitalization of $1.17 billion, a PE ratio of 19.50 and a beta of 0.56. The company has a 50-day moving average price of $37.23 and a 200-day moving average price of $34.98. James River Group Holdings has a 12-month low of $25.86 and a 12-month high of $41.16.

James River Group Holdings (NASDAQ:JRVR) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $151.40 million for the quarter, compared to analyst estimates of $151.86 million. James River Group Holdings had a return on equity of 9.22% and a net margin of 11.34%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 earnings per share. Analysts expect that James River Group Holdings will post $2.27 earnings per share for the current fiscal year.

In related news, CEO Steven J. Hartman sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $35.22, for a total transaction of $352,200.00. Following the sale, 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 filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 12.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Frontier Capital Management Co. LLC raised its stake in 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 period. Victory Capital Management Inc. raised its stake in James River Group Holdings by 8.8% in the second quarter. Victory Capital Management Inc. now owns 671,669 shares of the company’s stock valued at $22,809,000 after buying an additional 54,338 shares during the period. Vanguard Group Inc. raised its stake in James River Group Holdings by 7.1% in the second quarter. Vanguard Group Inc. now owns 506,597 shares of the company’s stock valued at $17,204,000 after buying an additional 33,613 shares during the period. Hood River Capital Management LLC raised its stake in 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 period. Finally, State of Wisconsin Investment Board raised its stake in James River Group Holdings by 22.7% in the third quarter. State of Wisconsin Investment Board now owns 382,351 shares of the company’s stock valued at $13,841,000 after buying an additional 70,615 shares during the period. 96.57% of the stock is currently owned by hedge funds and other institutional investors.

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

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.