James River Group Holdings Ltd. (JRVR) Hits New 12-Month High at $37.32
James River Group Holdings Ltd. (NASDAQ:JRVR) reached a new 52-week high during trading on Wednesday . The company traded as high as $37.32 and last traded at $36.40, with a volume of 13,356 shares trading hands. The stock had previously closed at $36.65.
A number of research firms have commented 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 on the stock in a research report on Saturday, August 6th. Keefe, Bruyette & Woods lifted 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 restated an “outperform” rating and issued a $40.00 target price (up previously from $38.00) on shares of James River Group Holdings in a research report on Tuesday, July 12th. Five investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $38.75.
The stock has a market capitalization of $1.06 billion and a price-to-earnings ratio of 18.39. The firm’s 50 day moving average price is $35.06 and its 200 day moving average price is $33.01.
James River Group Holdings (NASDAQ:JRVR) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. During the same quarter in the prior year, the company earned $0.42 EPS. The firm earned $134.51 million during the quarter, compared to analyst estimates of $146.28 million. The business’s revenue was up 11.9% on a year-over-year basis. Equities analysts predict that James River Group Holdings Ltd. will post $2.24 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Monday, September 12th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.19%. 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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