James River Group Holdings Ltd (NASDAQ:JRVR) CEO Steven J. Hartman sold 25,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $34.63, for a total transaction of $865,750.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of James River Group Holdings Ltd (NASDAQ JRVR) traded down $0.46 on Wednesday, reaching $34.34. 168,473 shares of the company were exchanged, compared to its average volume of 425,451. James River Group Holdings Ltd has a twelve month low of $32.17 and a twelve month high of $44.34. The firm has a market cap of $1,046.53, a price-to-earnings ratio of 24.34 and a beta of 0.55. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.27 and a current ratio of 0.27.
James River Group (NASDAQ:JRVR) last announced its quarterly earnings results on Thursday, February 22nd. The insurance provider reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.58). James River Group had a net margin of 5.33% and a return on equity of 6.67%. The company had revenue of $217.96 million during the quarter, compared to analyst estimates of $208.56 million. During the same quarter last year, the company posted $0.77 EPS. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. analysts anticipate that James River Group Holdings Ltd will post 2.38 earnings per share for the current year.
JRVR has been the topic of a number of research reports. B. Riley reiterated a “buy” rating and issued a $47.00 price target on shares of James River Group in a research note on Tuesday, November 14th. SunTrust Banks decreased their price target on shares of James River Group to $44.00 and set a “buy” rating on the stock in a research note on Monday, February 26th. BidaskClub upgraded shares of James River Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Finally, Zacks Investment Research upgraded shares of James River Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. James River Group presently has a consensus rating of “Hold” and a consensus price target of $43.00.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Two Sigma Securities LLC bought a new stake in James River Group in the 4th quarter valued at about $205,000. SG Americas Securities LLC boosted its holdings in James River Group by 68.8% in the 3rd quarter. SG Americas Securities LLC now owns 5,262 shares of the insurance provider’s stock valued at $218,000 after purchasing an additional 2,144 shares during the period. Voya Investment Management LLC boosted its holdings in James River Group by 42.1% in the 2nd quarter. Voya Investment Management LLC now owns 7,514 shares of the insurance provider’s stock valued at $299,000 after purchasing an additional 2,228 shares during the period. Teacher Retirement System of Texas bought a new stake in James River Group in the 4th quarter valued at about $346,000. Finally, Carillon Tower Advisers Inc. bought a new stake in James River Group in the 4th quarter valued at about $505,000. 96.36% of the stock is owned by hedge funds and other institutional investors.
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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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