B. Riley downgraded shares of James River Group (NASDAQ:JRVR) from a buy rating to a neutral rating in a research note released on Thursday, January 4th, Marketbeat Ratings reports. They currently have $39.00 price target on the insurance provider’s stock, down from their previous price target of $47.00. B. Riley also issued estimates for James River Group’s FY2018 earnings at $2.25 EPS and FY2019 earnings at $2.45 EPS.

A number of other equities analysts have also recently weighed in on JRVR. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $42.00 price target on shares of James River Group in a report on Thursday, September 21st. Zacks Investment Research upgraded James River Group from a sell rating to a hold rating in a research note on Wednesday, October 11th. JMP Securities started coverage on James River Group in a research note on Tuesday, October 17th. They set an outperform rating and a $47.00 price objective for the company. Finally, BidaskClub lowered James River Group from a hold rating to a sell rating in a research note on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $45.00.

James River Group (JRVR) opened at $37.88 on Thursday. The stock has a market capitalization of $1,108.36, a PE ratio of 17.01 and a beta of 0.50. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.12. James River Group has a fifty-two week low of $35.38 and a fifty-two week high of $46.20.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The business had revenue of $220.87 million during the quarter, compared to analysts’ expectations of $198.67 million. James River Group had a return on equity of 9.36% and a net margin of 8.98%. The company’s revenue for the quarter was up 45.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. sell-side analysts expect that James River Group will post 2.18 earnings per share for the current year.

In other James River Group news, Chairman J Adam Abram sold 400,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $38.10, for a total transaction of $15,240,000.00. Following the transaction, the chairman now directly owns 368,247 shares in the company, valued at $14,030,210.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bryan Martin sold 450,000 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $38.10, for a total value of $17,145,000.00. The disclosure for this sale can be found here. Insiders sold 3,450,000 shares of company stock valued at $131,445,000 over the last quarter. 41.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of James River Group in the second quarter valued at $124,000. Advisor Group Inc. raised its stake in shares of James River Group 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 acquiring an additional 391 shares in the last quarter. Legal & General Group Plc increased its holdings in James River Group 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 buying an additional 748 shares during the last quarter. QS Investors LLC purchased a new position in James River Group in the second quarter valued at $236,000. Finally, Virtu KCG Holdings LLC purchased a new position in James River Group in the second quarter valued at $239,000. Institutional investors and hedge funds own 95.76% of the company’s stock.

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James River Group Company Profile

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.

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