James River Group (JRVR) Upgraded by BidaskClub to “Buy”

BidaskClub upgraded shares of James River Group (NASDAQ:JRVR) from a hold rating to a buy rating in a report released on Wednesday morning.

Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of James River Group from a hold rating to a buy rating and set a $42.00 price objective for the company in a research note on Tuesday, November 13th. Keefe, Bruyette & Woods restated a mkt perform rating on shares of James River Group in a research note on Monday, November 12th. ValuEngine cut shares of James River Group from a buy rating to a hold rating in a research note on Monday, October 15th. Finally, B. Riley lifted their price objective on shares of James River Group from $35.00 to $38.00 and gave the company a neutral rating in a research note on Tuesday, August 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $41.00.

Shares of NASDAQ JRVR opened at $36.70 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.14. James River Group has a 12 month low of $32.17 and a 12 month high of $43.47. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 19.32 and a beta of 0.60.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Thursday, November 8th. The insurance provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. James River Group had a net margin of 5.90% and a return on equity of 8.33%. The business had revenue of $224.69 million during the quarter, compared to analysts’ expectations of $224.90 million. As a group, equities research analysts forecast that James River Group will post 2.41 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.27%. The ex-dividend date is Thursday, December 13th. James River Group’s payout ratio is 76.43%.

Several large investors have recently bought and sold shares of the company. Granahan Investment Management Inc. MA increased its holdings in shares of James River Group by 1.5% during the 2nd quarter. Granahan Investment Management Inc. MA now owns 92,761 shares of the insurance provider’s stock valued at $3,645,000 after purchasing an additional 1,375 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of James River Group by 19.2% during the 2nd quarter. Voya Investment Management LLC now owns 9,544 shares of the insurance provider’s stock valued at $375,000 after purchasing an additional 1,536 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of James River Group by 3.4% during the 3rd quarter. Teachers Advisors LLC now owns 49,629 shares of the insurance provider’s stock valued at $2,115,000 after purchasing an additional 1,635 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of James River Group by 21.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,770 shares of the insurance provider’s stock valued at $383,000 after purchasing an additional 1,740 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of James River Group by 20.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the insurance provider’s stock valued at $526,000 after purchasing an additional 2,300 shares in the last quarter.

About James River Group

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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