James River Group (NASDAQ:JRVR) Rating Reiterated by JMP Securities

James River Group (NASDAQ:JRVRGet Free Report)‘s stock had its “market outperform” rating reissued by equities researchers at JMP Securities in a report issued on Monday, Benzinga reports. They currently have a $15.00 target price on the insurance provider’s stock. JMP Securities’ price objective indicates a potential upside of 79.00% from the company’s current price.

JRVR has been the topic of several other reports. Compass Point raised shares of James River Group from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Friday, March 22nd. Keefe, Bruyette & Woods decreased their price target on shares of James River Group from $11.00 to $9.00 and set a “market perform” rating on the stock in a research note on Thursday, March 7th. Truist Financial decreased their price target on shares of James River Group from $15.00 to $11.00 and set a “hold” rating on the stock in a research note on Friday, March 1st. Finally, UBS Group decreased their price target on shares of James River Group from $34.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.33.

Check Out Our Latest Stock Analysis on JRVR

James River Group Stock Down 0.9 %

Shares of JRVR stock traded down $0.08 during trading hours on Monday, reaching $8.38. 121,159 shares of the company’s stock were exchanged, compared to its average volume of 1,302,502. The stock’s 50 day moving average is $9.19 and its 200-day moving average is $10.26. The company has a market cap of $315.59 million, a price-to-earnings ratio of -3.71 and a beta of 0.18. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.42. James River Group has a fifty-two week low of $6.35 and a fifty-two week high of $22.15.

James River Group (NASDAQ:JRVRGet Free Report) last released its earnings results on Wednesday, February 28th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.10). James River Group had a negative net margin of 10.80% and a positive return on equity of 13.75%. The firm had revenue of $218.10 million during the quarter, compared to analyst estimates of $216.80 million. Analysts predict that James River Group will post 1.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On James River Group

Hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC purchased a new position in James River Group in the 2nd quarter valued at approximately $30,000. Federated Hermes Inc. purchased a new position in James River Group in the 3rd quarter valued at approximately $37,000. Point72 Hong Kong Ltd boosted its position in James River Group by 218.7% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,654 shares of the insurance provider’s stock valued at $41,000 after buying an additional 1,135 shares during the period. Tower Research Capital LLC TRC boosted its position in James River Group by 839.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,236 shares of the insurance provider’s stock valued at $46,000 after buying an additional 1,998 shares during the period. Finally, Quarry LP purchased a new position in James River Group in the 1st quarter valued at approximately $48,000. Hedge funds and other institutional investors own 95.21% of the company’s stock.

About James River Group

(Get Free Report)

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.

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Analyst Recommendations for James River Group (NASDAQ:JRVR)

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