James River Group (NASDAQ:JRVR) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of James River Group from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. B. Riley reissued a “buy” rating and issued a $47.00 target price on shares of James River Group in a research report on Tuesday, November 14th. ValuEngine cut shares of James River Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. JMP Securities initiated coverage on shares of James River Group in a research report on Tuesday, October 17th. They set an “outperform” rating and a $47.00 price target on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $42.00 price target on shares of James River Group in a research report on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. James River Group presently has an average rating of “Hold” and a consensus target price of $47.00.

James River Group (NASDAQ:JRVR) traded up $0.36 on Tuesday, hitting $40.21. 177,386 shares of the company traded hands, compared to its average volume of 146,454. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.25 and a quick ratio of 0.25. James River Group has a twelve month low of $37.24 and a twelve month high of $46.20. The firm has a market capitalization of $1,167.00, a PE ratio of 17.91 and a beta of 0.50.

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

In other news, Director Bryan Martin sold 450,000 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $38.10, for a total transaction of $17,145,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David Zwillinger sold 2,600,000 shares of the business’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 $99,060,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,450,000 shares of company stock worth $131,445,000. 41.00% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC lifted its position in shares of James River Group by 0.8% during the second quarter. FMR LLC now owns 2,649,141 shares of the insurance provider’s stock worth $105,250,000 after purchasing an additional 21,164 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of James River Group by 27.1% during the second quarter. Vanguard Group Inc. now owns 894,726 shares of the insurance provider’s stock worth $35,548,000 after purchasing an additional 190,928 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of James River Group by 4,472.7% during the second quarter. Goldman Sachs Group Inc. now owns 853,306 shares of the insurance provider’s stock worth $33,902,000 after purchasing an additional 834,645 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of James River Group by 5,366.2% during the third quarter. Principal Financial Group Inc. now owns 722,473 shares of the insurance provider’s stock worth $29,968,000 after purchasing an additional 709,256 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of James River Group by 2.3% during the third quarter. Eagle Asset Management Inc. now owns 578,584 shares of the insurance provider’s stock worth $24,207,000 after purchasing an additional 13,280 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

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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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