BidaskClub downgraded shares of James River Group (NASDAQ:JRVR) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of James River Group from a hold rating to a buy rating and set a $44.00 target price for the company in a research note on Wednesday, July 4th. Keefe, Bruyette & Woods restated a buy rating and set a $46.00 price target on shares of James River Group in a research report on Friday, August 3rd. Finally, ValuEngine upgraded shares of James River Group from a sell rating to a hold rating in a research report on Wednesday, May 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $44.00.

Shares of James River Group traded up $0.06, hitting $39.97, during trading on Tuesday, according to Marketbeat.com. The stock had a trading volume of 201,166 shares, compared to its average volume of 85,827. James River Group has a 12 month low of $32.17 and a 12 month high of $44.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.33 and a quick ratio of 0.27. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 25.46 and a beta of 0.48.

James River Group (NASDAQ:JRVR) last posted its earnings results on Thursday, August 2nd. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. James River Group had a net margin of 4.88% and a return on equity of 7.01%. The firm had revenue of $228.04 million during the quarter, compared to analyst estimates of $230.70 million. research analysts anticipate that James River Group will post 2.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Monday, September 10th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 7th. This represents a $1.20 annualized dividend and a yield of 3.00%. James River Group’s payout ratio is currently 76.43%.

In related news, Director Michael T. Oakes sold 17,305 shares of the stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $36.51, for a total transaction of $631,805.55. Following the completion of the transaction, the director now owns 25,665 shares in the company, valued at $937,029.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider E. Shaw Oculus Portfolios D. sold 3,297,238 shares of the stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $36.00, for a total transaction of $118,700,568.00. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of JRVR. United Services Automobile Association lifted its holdings in James River Group by 2.3% during the second quarter. United Services Automobile Association now owns 116,788 shares of the insurance provider’s stock valued at $4,589,000 after purchasing an additional 2,666 shares during the last quarter. Stephens Inc. AR purchased a new stake in James River Group during the second quarter valued at about $1,788,000. Dimensional Fund Advisors LP lifted its holdings in James River Group by 27.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,159,061 shares of the insurance provider’s stock valued at $45,540,000 after purchasing an additional 250,292 shares during the last quarter. Legal & General Group Plc lifted its holdings in James River Group by 24.7% during the second quarter. Legal & General Group Plc now owns 58,087 shares of the insurance provider’s stock valued at $2,287,000 after purchasing an additional 11,514 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in James River Group by 50.3% during the second quarter. Oppenheimer & Co. Inc. now owns 12,700 shares of the insurance provider’s stock valued at $499,000 after purchasing an additional 4,250 shares during the last quarter.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. Its Excess and Surplus Lines segment underwrites property and liability insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.

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