BidaskClub upgraded shares of James River Group (NASDAQ:JRVR) from a buy rating to a strong-buy rating in a report released on Thursday, BidAskClub reports.

JRVR has been the subject of several other reports. ValuEngine raised James River Group from a hold rating to a buy rating in a report on Tuesday, December 3rd. Zacks Investment Research raised James River Group from a strong sell rating to a hold rating in a report on Wednesday. B. Riley cut James River Group from a neutral rating to a sell rating and reduced their price objective for the stock from $45.00 to $40.00 in a report on Wednesday, October 9th. SunTrust Banks cut James River Group from a buy rating to a hold rating and reduced their price objective for the stock from $55.00 to $40.00 in a report on Wednesday, October 9th. Finally, TheStreet cut James River Group from a b- rating to a c rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. James River Group currently has an average rating of Hold and a consensus price target of $42.50.

JRVR stock traded down $0.07 during midday trading on Thursday, hitting $41.88. 218,222 shares of the stock were exchanged, compared to its average volume of 248,474. The stock’s 50-day moving average price is $37.39 and its 200-day moving average price is $44.58. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 35.21 and a beta of 0.47. James River Group has a fifty-two week low of $34.08 and a fifty-two week high of $52.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.36 and a current ratio of 0.36.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings data on Thursday, November 7th. The insurance provider reported ($0.73) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.97) by $0.24. The firm had revenue of $231.47 million during the quarter, compared to analysts’ expectations of $227.50 million. James River Group had a return on equity of 4.86% and a net margin of 3.69%. Research analysts anticipate that James River Group will post 1.25 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.87%. The ex-dividend date is Friday, December 13th. James River Group’s payout ratio is 51.50%.

In related news, CEO J Adam Abram purchased 1,585 shares of the company’s stock in a transaction on Monday, November 11th. The stock was bought at an average price of $35.00 per share, with a total value of $55,475.00. Following the completion of the transaction, the chief executive officer now owns 428,610 shares of the company’s stock, valued at approximately $15,001,350. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. increased its position in James River Group by 177.0% during the second quarter. Rockefeller Capital Management L.P. now owns 651 shares of the insurance provider’s stock worth $31,000 after buying an additional 416 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in James River Group during the second quarter worth $33,000. Bank of Montreal Can grew its position in shares of James River Group by 2,014.6% in the second quarter. Bank of Montreal Can now owns 2,601 shares of the insurance provider’s stock valued at $122,000 after purchasing an additional 2,478 shares during the period. Aperio Group LLC purchased a new stake in shares of James River Group in the second quarter valued at $191,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of James River Group in the second quarter valued at $213,000. 97.95% of the stock is owned by institutional investors.

James River Group Company Profile

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 liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.

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