James River Group Holdings Ltd. (JRVR) Hits New 12-Month High at $36.98
Shares of James River Group Holdings Ltd. (NASDAQ:JRVR) reached a new 52-week high on Tuesday . The company traded as high as $36.98 and last traded at $36.49, with a volume of 12,621 shares changing hands. The stock had previously closed at $36.02.
A number of research firms have recently weighed in on JRVR. Zacks Investment Research upgraded James River Group Holdings from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Saturday, August 6th. Keefe, Bruyette & Woods upped their target price on James River Group Holdings from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $40.00 target price (up from $38.00) on shares of James River Group Holdings in a research report on Tuesday, July 12th. Five analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $38.75.
The firm has a market capitalization of $1.05 billion and a price-to-earnings ratio of 18.12. The firm has a 50 day moving average of $34.73 and a 200 day moving average of $32.85.
James River Group Holdings (NASDAQ:JRVR) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The business had revenue of $134.51 million for the quarter, compared to the consensus estimate of $146.28 million. The business’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 earnings per share. Analysts predict that James River Group Holdings Ltd. will post $2.24 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Monday, September 12th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, September 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.22%.
A hedge fund recently raised its stake in James River Group Holdings stock. Schwab Charles Investment Management Inc. raised its position in James River Group Holdings Ltd. (NASDAQ:JRVR) by 11.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,915 shares of the company’s stock after buying an additional 3,638 shares during the period. Schwab Charles Investment Management Inc. owned 0.12% of James River Group Holdings worth $1,205,000 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.
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