James River Group Holdings Ltd. (JRVR) Sees Large Volume Increase
James River Group Holdings Ltd. (NASDAQ:JRVR) saw unusually-high trading volume on Thursday . Approximately 102,691 shares traded hands during 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.
JRVR has been the subject of a number of analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $38.00 target price (up from $37.00) on shares of James River Group Holdings in a report on Saturday, May 7th. Zacks Investment Research upgraded shares of James River Group Holdings from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Friday, May 6th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of James River Group Holdings from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. Five research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $38.75.
The company has a market capitalization of $1.08 billion and a price-to-earnings ratio of 18.69. The company has a 50 day moving average of $35.20 and a 200 day moving average of $33.07.
James River Group Holdings (NASDAQ:JRVR) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The company earned $134.51 million during the quarter, compared to the consensus estimate of $146.28 million. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Equities research analysts anticipate that James River Group Holdings Ltd. will post $2.24 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Monday, September 12th will be issued a $0.20 dividend. The ex-dividend date is Thursday, September 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.15%.
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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