Shares of James River Group Holdings Ltd (NASDAQ:JRVR) have been given an average rating of “Hold” by the seven ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $42.50.
A number of equities analysts have issued reports on the stock. BidaskClub raised shares of James River Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 25th. Zacks Investment Research raised shares of James River Group from a “sell” rating to a “hold” rating in a report on Thursday, April 26th. SunTrust Banks cut their price objective on shares of James River Group to $44.00 and set a “buy” rating on the stock in a report on Monday, February 26th. ValuEngine raised shares of James River Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Keefe, Bruyette & Woods raised shares of James River Group from a “market perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a report on Thursday, March 15th.
In related news, insider E. Shaw Oculus Portfolios D. sold 3,297,238 shares of the business’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $36.00, for a total value of $118,700,568.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Janet Raye Cowell purchased 1,206 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average cost of $33.16 per share, for a total transaction of $39,990.96. The disclosure for this purchase can be found here. Insiders sold a total of 3,362,238 shares of company stock worth $121,049,413 over the last three months. 15.00% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. Pembroke Management LTD raised its stake in James River Group by 2.8% in the 4th quarter. Pembroke Management LTD now owns 51,600 shares of the insurance provider’s stock valued at $2,064,000 after acquiring an additional 1,400 shares during the period. BNP Paribas Arbitrage SA raised its stake in James River Group by 21.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,098 shares of the insurance provider’s stock valued at $323,000 after acquiring an additional 1,597 shares during the period. Swiss National Bank raised its stake in James River Group by 3.8% in the 1st quarter. Swiss National Bank now owns 43,699 shares of the insurance provider’s stock valued at $1,550,000 after acquiring an additional 1,600 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in James River Group by 4.1% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 42,691 shares of the insurance provider’s stock valued at $1,708,000 after acquiring an additional 1,700 shares during the period. Finally, Martingale Asset Management L P raised its stake in James River Group by 2.3% in the 4th quarter. Martingale Asset Management L P now owns 76,708 shares of the insurance provider’s stock valued at $3,070,000 after acquiring an additional 1,701 shares during the period. Institutional investors and hedge funds own 98.32% of the company’s stock.
James River Group traded up $0.40, reaching $38.70, during mid-day trading on Friday, according to MarketBeat. 1,509 shares of the stock were exchanged, compared to its average volume of 235,791. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 24.39 and a beta of 0.46. James River Group has a 1 year low of $32.17 and a 1 year high of $44.34.
James River Group (NASDAQ:JRVR) last posted its quarterly earnings data on Thursday, May 3rd. The insurance provider reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.02. The firm had revenue of $218.34 million for the quarter, compared to the consensus estimate of $214.55 million. James River Group had a net margin of 4.74% and a return on equity of 6.56%. equities analysts anticipate that James River Group will post 2.28 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Monday, June 11th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Friday, June 8th. James River Group’s dividend payout ratio (DPR) is currently 76.43%.
James River Group Company Profile
James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. Its Excess and Surplus Lines segment underwrites property and liability insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.
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