James River Group (NASDAQ:JRVR) Raised to Buy at Wall Street Zen

James River Group (NASDAQ:JRVR) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other equities research analysts have also weighed in on JRVR. Raymond James Financial set a $7.00 price objective on shares of James River Group in a report on Tuesday, December 16th. Compass Point cut shares of James River Group from a “buy” rating to a “neutral” rating and set a $7.00 target price on the stock. in a research report on Tuesday, December 16th. Zacks Research cut James River Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of James River Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.40.

James River Group Trading Down 1.2%

NASDAQ JRVR opened at $6.61 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.45. The stock’s 50-day simple moving average is $6.13 and its two-hundred day simple moving average is $5.74. James River Group has a twelve month low of $3.00 and a twelve month high of $6.89. The company has a market capitalization of $303.86 million, a price-to-earnings ratio of -3.18 and a beta of -0.02.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings data on Monday, November 3rd. The insurance provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The firm had revenue of $172.74 million during the quarter, compared to analysts’ expectations of $179.21 million. James River Group had a positive return on equity of 7.11% and a negative net margin of 7.64%. Research analysts forecast that James River Group will post -0.35 EPS for the current fiscal year.

Hedge Funds Weigh In On James River Group

Several hedge funds have recently made changes to their positions in the business. PharVision Advisers LLC bought a new position in shares of James River Group during the third quarter valued at approximately $59,000. R Squared Ltd bought a new position in James River Group in the 3rd quarter worth $60,000. Cerity Partners LLC bought a new position in James River Group in the 2nd quarter worth $61,000. BNP Paribas Financial Markets lifted its position in shares of James River Group by 43.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 13,211 shares of the insurance provider’s stock worth $77,000 after purchasing an additional 3,971 shares during the period. Finally, Sowell Financial Services LLC boosted its stake in shares of James River Group by 15.4% during the 3rd quarter. Sowell Financial Services LLC now owns 15,000 shares of the insurance provider’s stock valued at $83,000 after purchasing an additional 2,000 shares in the last quarter. 95.21% of the stock is owned by hedge funds and other institutional investors.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.