TheStreet upgraded shares of James River Group (NASDAQ:JRVR) from a c rating to a b rating in a research report sent to investors on Wednesday, TheStreetRatingsTable reports.
JRVR has been the topic of several other reports. SunTrust Banks lifted their price target on James River Group from $42.00 to $53.00 and gave the company a hold rating in a research report on Wednesday, July 15th. Zacks Investment Research cut James River Group from a hold rating to a sell rating in a research report on Saturday, July 11th. Keefe, Bruyette & Woods lifted their price target on James River Group from $38.00 to $40.00 and gave the company a market perform rating in a research report on Thursday, May 7th. ValuEngine cut James River Group from a buy rating to a hold rating in a research report on Thursday, April 2nd. Finally, B. Riley lifted their price target on James River Group from $50.00 to $55.00 and gave the company a buy rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $47.75.
Shares of James River Group stock opened at $46.32 on Wednesday. The business’s fifty day moving average price is $44.92 and its two-hundred day moving average price is $39.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.75 and a quick ratio of 0.78. The company has a market capitalization of $1.41 billion, a P/E ratio of -220.56 and a beta of 0.52. James River Group has a 1-year low of $25.34 and a 1-year high of $52.18.
James River Group (NASDAQ:JRVR) last announced its earnings results on Wednesday, July 29th. The insurance provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. James River Group had a positive return on equity of 4.42% and a negative net margin of 0.38%. The firm had revenue of $186.75 million for the quarter, compared to the consensus estimate of $188.85 million. On average, research analysts expect that James River Group will post 1.86 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Friday, September 11th. James River Group’s payout ratio is 85.71%.
In other news, Director Janet Raye Cowell sold 1,115 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $39.38, for a total value of $43,908.70. Following the completion of the sale, the director now owns 5,792 shares of the company’s stock, valued at $228,088.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sarah C. Doran bought 2,555 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $29.40 per share, with a total value of $75,117.00. Following the transaction, the chief financial officer now owns 46,270 shares of the company’s stock, valued at $1,360,338. The disclosure for this purchase can be found here. Insiders own 3.50% of the company’s stock.
Several institutional investors have recently modified their holdings of JRVR. Quadrant Capital Group LLC acquired a new stake in shares of James River Group in the fourth quarter worth $43,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in James River Group by 141.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,107 shares of the insurance provider’s stock valued at $185,000 after purchasing an additional 2,403 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in James River Group during the second quarter valued at $228,000. M&T Bank Corp acquired a new stake in James River Group during the first quarter valued at $282,000. Finally, Voloridge Investment Management LLC acquired a new stake in James River Group during the first quarter valued at $288,000. 95.55% of the stock is owned by institutional investors and hedge funds.
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.
Read More: Economic Bubble
Receive News & Ratings for James River Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for James River Group and related companies with MarketBeat.com's FREE daily email newsletter.