James River Group (NASDAQ:JRVR) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of James River Group (NASDAQ:JRVR) from a sell rating to a hold rating in a report published on Wednesday, February 7th.

JRVR has been the subject of a number of other research reports. B. Riley reissued a buy rating and issued a $47.00 target price on shares of James River Group in a report on Tuesday, November 14th. Zacks Investment Research raised James River Group from a sell rating to a hold rating in a report on Wednesday, October 11th. Finally, JMP Securities started coverage on James River Group in a report on Tuesday, October 17th. They issued an outperform rating and a $47.00 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $45.00.

Shares of James River Group (JRVR) opened at $39.88 on Wednesday. James River Group has a fifty-two week low of $35.38 and a fifty-two 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 firm has a market capitalization of $1,151.30, a price-to-earnings ratio of 17.49 and a beta of 0.36.

In other news, Director Bryan Martin sold 450,000 shares of James River Group stock in a transaction on Monday, November 27th. The stock was sold at an average price of $38.10, for a total transaction of $17,145,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 41.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in JRVR. Principal Financial Group Inc. raised its stake in shares of James River Group by 5,366.2% during the 3rd quarter. Principal Financial Group Inc. now owns 722,473 shares of the insurance provider’s stock worth $29,968,000 after buying an additional 709,256 shares during the last quarter. Royce & Associates LP raised its stake in shares of James River Group by 527.4% during the 4th quarter. Royce & Associates LP now owns 671,636 shares of the insurance provider’s stock worth $26,872,000 after buying an additional 564,587 shares during the last quarter. Monarch Partners Asset Management LLC raised its stake in shares of James River Group by 189.7% during the 4th quarter. Monarch Partners Asset Management LLC now owns 519,149 shares of the insurance provider’s stock worth $20,771,000 after buying an additional 339,965 shares during the last quarter. Cortina Asset Management LLC raised its stake in shares of James River Group by 161.5% during the 4th quarter. Cortina Asset Management LLC now owns 370,163 shares of the insurance provider’s stock worth $14,810,000 after buying an additional 228,621 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of James River Group by 27.1% during the 2nd quarter. Vanguard Group Inc. now owns 894,726 shares of the insurance provider’s stock worth $35,548,000 after buying an additional 190,928 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.

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About James River Group

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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