B. Riley restated their buy rating on shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) in a research report sent to investors on Monday morning. B. Riley also issued estimates for James River Group Holdings’ FY2017 earnings at $2.15 EPS, FY2018 earnings at $2.50 EPS and FY2019 earnings at $2.65 EPS.

A number of other research firms have also issued reports on JRVR. Zacks Investment Research lowered shares of James River Group Holdings from a hold rating to a sell rating in a report on Friday, October 20th. JMP Securities began coverage on shares of James River Group Holdings in a report on Tuesday, October 17th. They set an outperform rating and a $47.00 target price for the company. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $42.00 target price on shares of James River Group Holdings in a report on Friday, August 18th. BidaskClub lowered shares of James River Group Holdings from a hold rating to a sell rating in a report on Tuesday, August 1st. Finally, ValuEngine lowered shares of James River Group Holdings from a buy rating to a hold rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. James River Group Holdings presently has an average rating of Hold and an average target price of $47.00.

Shares of James River Group Holdings (NASDAQ JRVR) opened at $41.71 on Monday. James River Group Holdings has a 1-year low of $36.00 and a 1-year high of $46.20. The stock has a market cap of $1,220.00 and a price-to-earnings ratio of 18.86. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.12.

James River Group Holdings (NASDAQ:JRVR) last released its earnings results on Wednesday, November 1st. The insurance provider reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. James River Group Holdings had a net margin of 8.98% and a return on equity of 9.41%. The business had revenue of $220.87 million during the quarter, compared to analyst estimates of $198.67 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The company’s revenue for the quarter was up 45.9% compared to the same quarter last year. equities research analysts forecast that James River Group Holdings will post 2.21 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 15th will be issued a $0.80 dividend. The ex-dividend date is Thursday, December 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.67%. This is a positive change from James River Group Holdings’s previous quarterly dividend of $0.30. James River Group Holdings’s dividend payout ratio is currently 52.63%.

In related news, CEO Steven J. Hartman sold 5,264 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $38.91, for a total value of $204,822.24. Following the completion of the sale, the chief executive officer now owns 55,843 shares of the company’s stock, valued at $2,172,851.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven J. Hartman sold 19,736 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $39.42, for a total transaction of $777,993.12. Following the completion of the sale, the chief executive officer now directly owns 70,315 shares of the company’s stock, valued at approximately $2,771,817.30. The disclosure for this sale can be found here. Corporate insiders own 41.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in JRVR. SG Americas Securities LLC purchased a new stake in shares of James River Group Holdings in the second quarter valued at about $124,000. Advisor Group Inc. grew its holdings in shares of James River Group Holdings by 11.0% in the second quarter. Advisor Group Inc. now owns 3,937 shares of the insurance provider’s stock valued at $156,000 after purchasing an additional 391 shares during the period. Legal & General Group Plc grew its holdings in shares of James River Group Holdings by 21.4% in the second quarter. Legal & General Group Plc now owns 4,248 shares of the insurance provider’s stock valued at $169,000 after purchasing an additional 748 shares during the period. Bank of Montreal Can purchased a new stake in shares of James River Group Holdings in the second quarter valued at about $203,000. Finally, QS Investors LLC purchased a new stake in shares of James River Group Holdings in the second quarter valued at about $236,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

About James River Group Holdings

James River Group Holdings, Ltd. (JRG Holdings) is an insurance and reinsurance holding company. 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 commercial excess and surplus lines liability and excess property insurance products.

Analyst Recommendations for James River Group Holdings (NASDAQ:JRVR)

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