James River Group Holdings Ltd. (JRVR) Sees Unusually-High Trading Volume
James River Group Holdings Ltd. (NASDAQ:JRVR) saw unusually-high trading volume on Tuesday . Approximately 121,643 shares changed hands during 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.
JRVR has been the topic of a number of research reports. BMO Capital Markets restated an “outperform” rating and set a $38.00 price target (up previously from $37.00) on shares of James River Group Holdings in a research note on Saturday, May 7th. Zacks Investment Research upgraded James River Group Holdings from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Friday, May 6th. Finally, Keefe, Bruyette & Woods raised 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 research analysts have rated the stock with a buy rating, James River Group Holdings presently has a consensus rating of “Buy” and a consensus price target of $38.75.
The stock has a market cap of $1.03 billion and a PE ratio of 17.89. The stock has a 50-day moving average price of $34.41 and a 200-day moving average price of $32.72.
James River Group Holdings (NASDAQ:JRVR) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. During the same period last year, the firm posted $0.42 EPS. The firm had revenue of $134.51 million for the quarter, compared to analysts’ expectations of $146.28 million. James River Group Holdings’s revenue was up 11.9% on a year-over-year basis. Analysts expect that James River Group Holdings Ltd. will post $2.24 earnings per share for the current fiscal year.
An institutional investor recently raised its position in James River Group Holdings stock. Redwood Investments LLC increased its position in James River Group Holdings Ltd. (NASDAQ:JRVR) by 67.2% during the fourth quarter, according to its most recent 13F filing with the 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 about 0.28% of James River Group Holdings worth $2,668,000 as of its most recent SEC filing.
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.