James River Group Holdings Ltd. (NASDAQ:JRVR) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $36.98 and last traded at $36.49, with a volume of 12,621 shares traded. The stock had previously closed at $36.02.

Several research firms have recently issued reports on JRVR. BMO Capital Markets reaffirmed an “outperform” rating and set a $40.00 price target (up previously from $38.00) on shares of James River Group Holdings in a research note on Tuesday, July 12th. Zacks Investment Research downgraded James River Group Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th. Finally, Keefe, Bruyette & Woods lifted their price target on James River Group Holdings from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th. Five investment analysts have rated the stock with a buy rating, James River Group Holdings currently has an average rating of “Buy” and an average target price of $38.75.

The stock has a market capitalization of $1.06 billion and a PE ratio of 18.27. The firm’s 50-day moving average is $34.62 and its 200 day moving average is $32.79.

James River Group Holdings (NASDAQ:JRVR) last issued its earnings results on Wednesday, August 3rd. The company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company earned $134.51 million during the quarter, compared to analyst estimates of $146.28 million. James River Group Holdings’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 earnings per share. On average, analysts expect that James River Group Holdings Ltd. will post $2.24 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in James River Group Holdings stock. Redwood Investments LLC increased its stake in James River Group Holdings Ltd. (NASDAQ:JRVR) by 67.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,536 shares of the company’s stock after buying an additional 31,975 shares during the period. Redwood Investments LLC owned 0.28% of James River Group Holdings worth $2,668,000 at the end of the most recent reporting period.

James River Group Holdings, Ltd. is an insurance holding company. The Company owns and operates a group of specialty insurance and reinsurance companies. 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 excess and surplus commercial lines liability and property insurance.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.