James River Group Holdings Ltd. (NASDAQ:JRVR)‘s stock had its “buy” rating reissued by FBR & Co in a note issued to investors on Wednesday.

The analysts wrote, “Analysts Offer Insights on Financial Companies: James River Group (NASDAQ: JRVR), Medley Management (NYSE: MDLY) and American Farmland Co (NYSE: AFCO) | Analyst Ratings

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Home » Analysts Offer Insights on Financial Companies: James River Group (NASDAQ: JRVR), Medley Management (NYSE: MDLY) and American Farmland Co (NYSE: AFCO)”

Several other analysts have also weighed in on JRVR. Zacks Investment Research raised shares of James River Group Holdings from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Saturday, August 6th. Keefe, Bruyette & Woods raised 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 research note on Friday, August 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $39.80.

Shares of James River Group Holdings (NASDAQ:JRVR) traded down 0.05% during trading on Wednesday, reaching $39.35. The company had a trading volume of 75,161 shares. The firm has a 50-day moving average of $37.30 and a 200-day moving average of $35.10. The company has a market cap of $1.15 billion, a P/E ratio of 19.09 and a beta of 0.56. 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 results on Wednesday, November 2nd. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm earned $151.40 million during the quarter, compared to analysts’ expectations of $151.86 million. James River Group Holdings had a net margin of 11.34% and a return on equity of 9.22%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share. On average, equities research analysts anticipate that James River Group Holdings will post $2.27 EPS for the current year.

In related news, CEO Steven J. Hartman sold 10,000 shares of the company’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 owns 34,453 shares in the company, valued at approximately $1,213,434.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 12.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in JRVR. Frontier Capital Management Co. LLC increased 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 worth $48,246,000 after buying an additional 164,432 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of 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 worth $22,809,000 after buying an additional 54,338 shares during the period. Vanguard Group Inc. increased its stake in shares of James River Group Holdings by 7.1% in the second quarter. Vanguard Group Inc. now owns 506,597 shares of the company’s stock worth $17,204,000 after buying an additional 33,613 shares during the period. Hood River Capital Management LLC increased its stake 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 worth $13,893,000 after buying an additional 92,849 shares during the period. Finally, State of Wisconsin Investment Board increased its stake in shares of 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 worth $13,841,000 after buying an additional 70,615 shares during the period. Institutional investors and hedge funds own 96.57% 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

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