Shares of James River Group Holdings Ltd. (NASDAQ:JRVR) saw unusually-strong trading volume on Tuesday . Approximately 121,643 shares changed hands during mid-day trading, an increase of 54% from the previous session’s volume of 79,004 shares.The stock last traded at $36.38 and had previously closed at $36.05.

A number of equities analysts have recently commented on the company. Zacks Investment Research cut James River Group Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 18th. Keefe, Bruyette & Woods lifted their target price on James River Group Holdings from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $38.00 target price (up previously from $37.00) on shares of James River Group Holdings in a report on Saturday, May 7th. Five research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $38.75.

The stock’s 50-day moving average price is $34.22 and its 200-day moving average price is $32.68. The firm has a market capitalization of $1.06 billion and a P/E ratio of 18.37.

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

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

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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