James River Group (NASDAQ:JRVR) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Other equities analysts have also issued reports about the company. ValuEngine raised James River Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Zacks Investment Research raised James River Group from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Thursday, August 9th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $46.00 target price on shares of James River Group in a research report on Friday, August 3rd. Finally, B. Riley upped their target price on James River Group from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Tuesday, August 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $41.00.

James River Group stock opened at $36.57 on Wednesday. The company has a market cap of $1.12 billion, a P/E ratio of 23.29 and a beta of 0.60. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.14. James River Group has a one year low of $32.17 and a one year high of $43.47.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Thursday, November 8th. The insurance provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. The firm had revenue of $224.69 million for the quarter, compared to analyst estimates of $224.90 million. James River Group had a return on equity of 8.33% and a net margin of 5.90%. Sell-side analysts expect that James River Group will post 2.41 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of James River Group by 1.4% in the 3rd quarter. BlackRock Inc. now owns 4,213,604 shares of the insurance provider’s stock valued at $179,583,000 after purchasing an additional 57,916 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in shares of James River Group by 20.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,486,590 shares of the insurance provider’s stock valued at $63,358,000 after purchasing an additional 250,128 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of James River Group by 27.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,159,061 shares of the insurance provider’s stock valued at $45,540,000 after purchasing an additional 250,292 shares in the last quarter. FMR LLC raised its position in shares of James River Group by 8.7% in the 3rd quarter. FMR LLC now owns 626,765 shares of the insurance provider’s stock valued at $26,712,000 after purchasing an additional 50,410 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of James River Group by 6.9% in the 3rd quarter. Renaissance Technologies LLC now owns 456,800 shares of the insurance provider’s stock valued at $19,469,000 after purchasing an additional 29,400 shares in the last quarter.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. Its Excess and Surplus Lines segment underwrites property and liability insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.

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