Shares of James River Group Holdings Ltd. (NASDAQ:JRVR) have earned an average recommendation of “Buy” from the five research firms that are covering the company. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $39.75.

JRVR has been the subject of a number of analyst reports. FBR & Co restated a “buy” rating on shares of James River Group Holdings in a research note on Wednesday. Zacks Investment Research upgraded shares of James River Group Holdings from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Saturday, August 6th. Finally, Keefe, Bruyette & Woods cut shares of James River Group Holdings from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $38.00 to $40.00 in a research note on Monday, November 14th.

James River Group Holdings (NASDAQ:JRVR) opened at 41.44 on Monday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 20.11 and a beta of 0.56. James River Group Holdings has a 52 week low of $25.86 and a 52 week high of $41.45. The firm’s 50-day moving average price is $37.86 and its 200-day moving average price is $35.30.

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 analysts expect that James River Group Holdings will post $2.27 earnings per share for the current year.

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 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 of the company’s stock, valued at $1,213,434.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 12.20% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. Frontier Capital Management Co. LLC raised its stake 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 worth $48,246,000 after buying an additional 164,432 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of James River Group Holdings during the second quarter worth $5,451,000. Lomas Capital Management LLC bought a new stake in shares of James River Group Holdings during the third quarter worth $3,683,000. Panagora Asset Management Inc. raised its stake in shares of James River Group Holdings by 922.4% in the first quarter. Panagora Asset Management Inc. now owns 109,096 shares of the company’s stock worth $3,519,000 after buying an additional 98,425 shares in the last quarter. Finally, Hood River Capital Management LLC raised 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 in the last quarter. 96.57% of the stock is owned by institutional investors and hedge funds.

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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