James River Group (JRVR) Upgraded to Buy by ValuEngine

James River Group (NASDAQ:JRVR) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Tuesday.

Other research analysts also recently issued research reports about the company. BidaskClub raised James River Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 20th. Compass Point assumed coverage on James River Group in a report on Tuesday, January 15th. They issued a “buy” rating and a $44.00 price target for the company. Zacks Investment Research downgraded James River Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. B. Riley reissued a “neutral” rating on shares of James River Group in a report on Friday. Finally, Keefe, Bruyette & Woods reissued a “mkt perform” rating on shares of James River Group in a report on Monday, November 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. James River Group has an average rating of “Hold” and an average target price of $41.00.

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Shares of JRVR opened at $41.11 on Tuesday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 17.64 and a beta of 0.57. James River Group has a one year low of $32.64 and a one year high of $43.47. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.14.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings results on Thursday, February 21st. The insurance provider reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.09). The business had revenue of $214.52 million during the quarter, compared to analysts’ expectations of $214.20 million. James River Group had a net margin of 7.21% and a return on equity of 10.22%. On average, research analysts anticipate that James River Group will post 2.53 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Montreal Can raised its stake in James River Group by 88.9% during the fourth quarter. Bank of Montreal Can now owns 752 shares of the insurance provider’s stock valued at $28,000 after buying an additional 354 shares in the last quarter. Meeder Asset Management Inc. raised its stake in James River Group by 1,221.7% during the fourth quarter. Meeder Asset Management Inc. now owns 912 shares of the insurance provider’s stock valued at $33,000 after buying an additional 843 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in James River Group by 38.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 972 shares of the insurance provider’s stock valued at $35,000 after buying an additional 271 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in James River Group during the fourth quarter valued at approximately $89,000. Finally, Hsbc Holdings PLC raised its stake in James River Group by 11.7% during the fourth quarter. Hsbc Holdings PLC now owns 5,724 shares of the insurance provider’s stock valued at $209,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

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

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