Shares of James River Group Holdings Ltd. (NASDAQ:JRVR) saw strong trading volume on Thursday . 102,691 shares traded hands during mid-day trading, an increase of 39% from the previous session’s volume of 73,761 shares.The stock last traded at $36.47 and had previously closed at $36.54.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded James River Group Holdings from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Saturday, August 6th. Keefe, Bruyette & Woods lifted their price objective on James River Group Holdings from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $40.00 price objective (up from $38.00) on shares of James River Group Holdings in a research report on Tuesday, July 12th. Five equities research analysts have rated the stock with a buy rating, James River Group Holdings presently has a consensus rating of “Buy” and an average target price of $38.75.

The firm’s 50 day moving average is $35.11 and its 200-day moving average is $33.04. The stock has a market cap of $1.07 billion and a P/E ratio of 18.44.

James River Group Holdings (NASDAQ:JRVR) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $134.51 million for the quarter, compared to the consensus estimate of $146.28 million. James River Group Holdings’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. Equities research analysts predict that James River Group Holdings Ltd. will post $2.24 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Monday, September 12th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.18%. 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's FREE daily email newsletter.