James River Group (NASDAQ:JRVR) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

A number of other equities analysts have also recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $47.00 price target on shares of James River Group in a research note on Tuesday, November 14th. Zacks Investment Research cut shares of James River Group from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. JMP Securities began coverage on shares of James River Group in a research note on Tuesday, October 17th. They set an “outperform” rating and a $47.00 price target for the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $42.00 price target on shares of James River Group in a research note on Thursday, September 21st. Finally, ValuEngine cut shares of James River Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $47.00.

James River Group (NASDAQ:JRVR) opened at $39.85 on Tuesday. James River Group has a 52 week low of $37.24 and a 52 week high of $46.20. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.12. The company has a market cap of $1,167.00, a PE ratio of 17.91 and a beta of 0.50.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. James River Group had a net margin of 8.98% and a return on equity of 9.36%. The firm had revenue of $220.87 million during the quarter, compared to analysts’ expectations of $198.67 million. During the same period in the previous year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 45.9% compared to the same quarter last year. analysts predict that James River Group will post 2.18 earnings per share for the current year.

In other James River Group news, Chairman J Adam Abram sold 400,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $38.10, for a total value of $15,240,000.00. Following the completion of the sale, the chairman now directly owns 368,247 shares of the company’s stock, valued at approximately $14,030,210.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David Zwillinger sold 2,600,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $38.10, for a total transaction of $99,060,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,450,000 shares of company stock valued at $131,445,000. 41.00% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in JRVR. Goldman Sachs Group Inc. lifted its position in shares of James River Group by 4,472.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 853,306 shares of the insurance provider’s stock worth $33,902,000 after purchasing an additional 834,645 shares during the period. Principal Financial Group Inc. lifted its position in shares of James River Group by 5,366.2% in the 3rd quarter. Principal Financial Group Inc. now owns 722,473 shares of the insurance provider’s stock worth $29,968,000 after purchasing an additional 709,256 shares during the period. Citadel Advisors LLC lifted its position in shares of James River Group by 384.0% in the 2nd quarter. Citadel Advisors LLC now owns 414,314 shares of the insurance provider’s stock worth $16,461,000 after purchasing an additional 328,717 shares during the period. Marshall Wace North America L.P. purchased a new stake in shares of James River Group in the 2nd quarter worth approximately $9,123,000. Finally, Laurion Capital Management LP purchased a new stake in shares of James River Group in the 2nd quarter worth approximately $7,936,000. 96.19% of the stock is owned by hedge funds and other institutional investors.

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James River Group Company Profile

James River Group Holdings, Ltd. (JRG Holdings) is an insurance and reinsurance holding company. 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 commercial excess and surplus lines liability and excess property insurance products.

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