BidaskClub lowered shares of James River Group (NASDAQ:JRVR) from a strong-buy rating to a buy rating in a report published on Wednesday, BidAskClub reports.

A number of other brokerages also recently issued reports on JRVR. Zacks Investment Research upgraded shares of James River Group from a hold rating to a buy rating and set a $51.00 price target on the stock in a report on Wednesday, May 8th. ValuEngine upgraded shares of James River Group from a hold rating to a buy rating in a report on Wednesday, May 1st. B. Riley restated a neutral rating on shares of James River Group in a report on Friday, March 1st. Finally, Compass Point downgraded shares of James River Group from a buy rating to a neutral rating and reduced their target price for the stock from $47.00 to $39.00 in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. James River Group currently has a consensus rating of Buy and an average target price of $42.00.

Shares of NASDAQ JRVR opened at $46.42 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 19.92 and a beta of 0.49. James River Group has a 52-week low of $34.08 and a 52-week high of $47.10.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.09. The company had revenue of $214.13 million for the quarter, compared to the consensus estimate of $216.00 million. James River Group had a net margin of 8.05% and a return on equity of 10.63%. On average, equities analysts forecast that James River Group will post 2.6 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.59%. James River Group’s dividend payout ratio (DPR) is presently 51.50%.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of James River Group by 4.1% in the 1st quarter. BlackRock Inc. now owns 4,292,021 shares of the insurance provider’s stock worth $172,023,000 after buying an additional 167,118 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of James River Group by 2.7% in the 1st quarter. Wellington Management Group LLP now owns 2,946,962 shares of the insurance provider’s stock worth $118,115,000 after buying an additional 77,058 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of James River Group by 1.5% in the 1st quarter. Principal Financial Group Inc. now owns 2,584,415 shares of the insurance provider’s stock worth $103,583,000 after buying an additional 39,051 shares during the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of James River Group by 3.2% in the 1st quarter. Frontier Capital Management Co. LLC now owns 1,464,170 shares of the insurance provider’s stock worth $58,684,000 after buying an additional 44,964 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of James River Group by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,150,562 shares of the insurance provider’s stock worth $46,115,000 after buying an additional 16,993 shares during the last quarter. Hedge funds and other institutional investors own 97.67% of the company’s stock.

James River Group Company Profile

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 liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.

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