James River Group Holdings, Ltd. (NASDAQ:JRVR)‘s stock had its “buy” rating reiterated by equities researchers at B. Riley in a note issued to investors on Tuesday. They presently have a $47.00 target price on the insurance provider’s stock. B. Riley’s price target suggests a potential upside of 22.11% from the stock’s previous close.

JRVR has been the subject of a number of other reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $42.00 price target on shares of James River Group Holdings in a report on Thursday, September 21st. Zacks Investment Research upgraded shares of James River Group Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. JMP Securities started coverage on shares of James River Group Holdings in a report on Tuesday, October 17th. They issued an “outperform” rating and a $47.00 price target for the company. ValuEngine cut shares of James River Group Holdings from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub cut shares of James River Group Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $47.00.

James River Group Holdings (JRVR) traded down $0.51 on Tuesday, hitting $38.49. 272,700 shares of the stock traded hands, compared to its average volume of 137,297. James River Group Holdings has a 52 week low of $37.27 and a 52 week high of $46.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market capitalization of $1,140.00 and a PE ratio of 17.73.

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

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In related news, CEO Steven J. Hartman sold 19,736 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $39.42, for a total transaction of $777,993.12. Following the transaction, the chief executive officer now directly owns 70,315 shares of the company’s stock, valued at $2,771,817.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven J. Hartman sold 5,264 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $38.91, for a total transaction of $204,822.24. Following the transaction, the chief executive officer now directly owns 55,843 shares in the company, valued at $2,172,851.13. The disclosure for this sale can be found here. Insiders have sold 425,000 shares of company stock valued at $16,222,815 over the last quarter. Corporate insiders own 41.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its position in shares of James River Group Holdings by 12.8% during the third quarter. California State Teachers Retirement System now owns 36,025 shares of the insurance provider’s stock valued at $1,494,000 after purchasing an additional 4,100 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of James River Group Holdings by 44.5% during the third quarter. Dimensional Fund Advisors LP now owns 481,318 shares of the insurance provider’s stock valued at $19,966,000 after purchasing an additional 148,301 shares in the last quarter. Eagle Asset Management Inc. raised its position in James River Group Holdings by 2.3% in the third quarter. Eagle Asset Management Inc. now owns 578,584 shares of the insurance provider’s stock worth $24,207,000 after acquiring an additional 13,280 shares during the period. ETRADE Capital Management LLC raised its position in James River Group Holdings by 52.5% in the third quarter. ETRADE Capital Management LLC now owns 34,910 shares of the insurance provider’s stock worth $1,448,000 after acquiring an additional 12,025 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its position in James River Group Holdings by 3.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 40,991 shares of the insurance provider’s stock worth $1,700,000 after acquiring an additional 1,511 shares during the period. 94.48% of the stock is currently owned by institutional investors.

About James River Group Holdings

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.

Analyst Recommendations for James River Group Holdings (NASDAQ:JRVR)

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