James River Group Holdings, Ltd. (JRVR) Receives $47.00 Consensus Target Price from Analysts

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $47.00.

A number of brokerages recently commented on JRVR. BidaskClub downgraded James River Group Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded James River Group Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $42.00 price objective on shares of James River Group Holdings in a research report on Friday, August 18th. Finally, ValuEngine downgraded James River Group Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.

In other James River Group Holdings news, CEO Steven J. Hartman sold 5,264 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $38.91, for a total transaction of $204,822.24. Following the completion of the sale, the chief executive officer now owns 55,843 shares of the company’s stock, valued at $2,172,851.13. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Steven J. Hartman sold 19,736 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $39.42, for a total value of $777,993.12. Following the sale, the chief executive officer now directly owns 70,315 shares of the company’s stock, valued at approximately $2,771,817.30. The disclosure for this sale can be found here. 41.00% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. FMR LLC increased its stake in James River Group Holdings 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 acquiring an additional 21,164 shares during the last quarter. Vanguard Group Inc. increased its stake in James River Group Holdings 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 acquiring an additional 190,928 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in James River Group Holdings 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 acquiring an additional 834,645 shares during the last quarter. OppenheimerFunds Inc. increased its stake in James River Group Holdings by 3.6% during the first quarter. OppenheimerFunds Inc. now owns 637,558 shares of the insurance provider’s stock worth $27,325,000 after acquiring an additional 22,147 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its stake in James River Group Holdings by 7.3% during the second quarter. Eagle Asset Management Inc. now owns 565,304 shares of the insurance provider’s stock worth $22,459,000 after acquiring an additional 38,652 shares during the last quarter. 92.72% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/10/james-river-group-holdings-ltd-jrvr-receives-47-00-consensus-target-price-from-analysts.html.

James River Group Holdings (NASDAQ JRVR) traded up 0.37% during trading on Friday, hitting $41.17. The stock had a trading volume of 22,452 shares. The company’s 50 day moving average is $40.20 and its 200-day moving average is $40.52. The company has a market cap of $1.22 billion, a PE ratio of 15.51 and a beta of 0.57. James River Group Holdings has a 12 month low of $35.95 and a 12 month high of $46.20.

James River Group Holdings (NASDAQ:JRVR) last announced its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.04). James River Group Holdings had a return on equity of 10.80% and a net margin of 11.45%. The company had revenue of $202.40 million for the quarter, compared to analysts’ expectations of $169.83 million. During the same quarter in the previous year, the business posted $0.46 EPS. The business’s quarterly revenue was up 50.5% compared to the same quarter last year. On average, equities research analysts predict that James River Group Holdings will post $2.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, whi

A number of brokerages recently commented on JRVR. BidaskClub downgraded James River Group Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded James River Group Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $42.00 price objective on shares of James River Group Holdings in a research report on Friday, August 18th. Finally, ValuEngine downgraded James River Group Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.

In other James River Group Holdings news, CEO Steven J. Hartman sold 5,264 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $38.91, for a total transaction of $204,822.24. Following the completion of the sale, the chief executive officer now owns 55,843 shares of the company’s stock, valued at $2,172,851.13. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Steven J. Hartman sold 19,736 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $39.42, for a total value of $777,993.12. Following the sale, the chief executive officer now directly owns 70,315 shares of the company’s stock, valued at approximately $2,771,817.30. The disclosure for this sale can be found here. 41.00% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. FMR LLC increased its stake in James River Group Holdings 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 acquiring an additional 21,164 shares during the last quarter. Vanguard Group Inc. increased its stake in James River Group Holdings 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 acquiring an additional 190,928 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in James River Group Holdings 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 acquiring an additional 834,645 shares during the last quarter. OppenheimerFunds Inc. increased its stake in James River Group Holdings by 3.6% during the first quarter. OppenheimerFunds Inc. now owns 637,558 shares of the insurance provider’s stock worth $27,325,000 after acquiring an additional 22,147 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its stake in James River Group Holdings by 7.3% during the second quarter. Eagle Asset Management Inc. now owns 565,304 shares of the insurance provider’s stock worth $22,459,000 after acquiring an additional 38,652 shares during the last quarter. 92.72% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/10/james-river-group-holdings-ltd-jrvr-receives-47-00-consensus-target-price-from-analysts.html.

James River Group Holdings (NASDAQ JRVR) traded up 0.37% during trading on Friday, hitting $41.17. The stock had a trading volume of 22,452 shares. The company’s 50 day moving average is $40.20 and its 200-day moving average is $40.52. The company has a market cap of $1.22 billion, a PE ratio of 15.51 and a beta of 0.57. James River Group Holdings has a 12 month low of $35.95 and a 12 month high of $46.20.

James River Group Holdings (NASDAQ:JRVR) last announced its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.04). James River Group Holdings had a return on equity of 10.80% and a net margin of 11.45%. The company had revenue of $202.40 million for the quarter, compared to analysts’ expectations of $169.83 million. During the same quarter in the previous year, the business posted $0.46 EPS. The business’s quarterly revenue was up 50.5% compared to the same quarter last year. On average, equities research analysts predict that James River Group Holdings will post $2.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, September 11th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, September 8th. This represents a $1.20 annualized dividend and a yield of 2.93%. James River Group Holdings’s dividend payout ratio (DPR) is 45.28%.

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.

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