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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.