James River Group Holdings Ltd. (JRVR) Sees Large Volume Increase
Shares of James River Group Holdings Ltd. (NASDAQ:JRVR) saw strong trading volume on Thursday . 102,691 shares traded hands during mid-day trading, an increase of 39% from the previous session’s volume of 73,761 shares.The stock last traded at $36.47 and had previously closed at $36.54.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded James River Group Holdings from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Saturday, August 6th. Keefe, Bruyette & Woods lifted their price objective on James River Group Holdings from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $40.00 price objective (up from $38.00) on shares of James River Group Holdings in a research report on Tuesday, July 12th. Five equities research analysts have rated the stock with a buy rating, James River Group Holdings presently has a consensus rating of “Buy” and an average target price of $38.75.
The firm’s 50 day moving average is $35.11 and its 200-day moving average is $33.04. The stock has a market cap of $1.07 billion and a P/E ratio of 18.44.
James River Group Holdings (NASDAQ:JRVR) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $134.51 million for the quarter, compared to the consensus estimate 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 previous year, the company posted $0.42 earnings per share. Equities research analysts predict that James River Group Holdings Ltd. will post $2.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Monday, September 12th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, September 8th.
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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