James River Group (NASDAQ:JRVR) PT Raised to $25.00

James River Group (NASDAQ:JRVR – Get Rating) had its price objective raised by investment analysts at Barclays from $24.00 to $25.00 in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a “maintains” rating on the insurance provider’s stock. Barclays‘s price objective indicates a potential upside of 2.88% from the company’s previous close.

Separately, StockNews.com downgraded James River Group from a “hold” rating to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, James River Group has a consensus rating of “Moderate Buy” and an average target price of $31.40.

James River Group Stock Performance

Shares of JRVR opened at $24.30 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.37. James River Group has a 12-month low of $19.76 and a 12-month high of $39.69. The stock’s fifty day simple moving average is $23.84 and its 200-day simple moving average is $24.36.

James River Group (NASDAQ:JRVR – Get Rating) last issued its quarterly earnings results on Monday, August 1st. The insurance provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. James River Group had a negative return on equity of 8.56% and a negative net margin of 9.55%. The business had revenue of $184.81 million for the quarter, compared to analyst estimates of $200.07 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. Research analysts predict that James River Group will post 1.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On James River Group

Several large investors have recently modified their holdings of JRVR. Brown Advisory Inc. bought a new stake in shares of James River Group in the fourth quarter worth about $275,000. Yousif Capital Management LLC bought a new stake in shares of James River Group in the fourth quarter worth about $978,000. New York State Common Retirement Fund increased its holdings in shares of James River Group by 5.1% in the fourth quarter. New York State Common Retirement Fund now owns 42,866 shares of the insurance provider’s stock worth $1,235,000 after acquiring an additional 2,088 shares in the last quarter. Duality Advisers LP bought a new stake in shares of James River Group in the fourth quarter worth about $821,000. Finally, Bernzott Capital Advisors increased its holdings in shares of James River Group by 30.6% in the fourth quarter. Bernzott Capital Advisors now owns 1,020,440 shares of the insurance provider’s stock worth $29,399,000 after acquiring an additional 239,365 shares in the last quarter. 98.78% of the stock is currently owned by institutional investors.

James River Group Company Profile

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James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. It operates through Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance segments. The 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.