Shares of James River Group Holdings Ltd. (NASDAQ:JRVR) hit a new 52-week high on Monday . The company traded as high as $36.51 and last traded at $36.51, with a volume of 114,308 shares traded. The stock had previously closed at $35.15.

A number of brokerages have recently weighed in on JRVR. Zacks Investment Research raised shares of James River Group Holdings from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Saturday, August 6th. Keefe, Bruyette & Woods upped their price target on shares of 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. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $40.00 price target (up from $38.00) on shares of James River Group Holdings in a research note on Tuesday, July 12th. Five investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $38.75.

The company has a 50 day moving average price of $34.22 and a 200-day moving average price of $32.68. The firm has a market cap of $1.05 billion and a price-to-earnings ratio of 18.14.

James River Group Holdings (NASDAQ:JRVR) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The business earned $134.51 million during the quarter, compared to analyst estimates of $146.28 million. During the same quarter in the prior year, the company posted $0.42 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Analysts predict that James River Group Holdings Ltd. will post $2.24 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in James River Group Holdings stock. Victory Capital Management Inc. acquired a new position in shares of James River Group Holdings Ltd. (NASDAQ:JRVR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 586,909 shares of the company’s stock, valued at approximately $19,685,000. Victory Capital Management Inc. owned 2.04% of James River Group Holdings as of its most recent filing with the SEC.

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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