James River Group Holdings, Ltd. (NASDAQ:JRVR) Given Buy Rating at B. Riley

B. Riley reissued their buy rating on shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) in a research note issued to investors on Monday, November 6th. B. Riley also issued estimates for James River Group Holdings’ FY2017 earnings at $2.15 EPS, FY2018 earnings at $2.50 EPS and FY2019 earnings at $2.65 EPS.

Several other brokerages also recently commented on JRVR. Keefe, Bruyette & Woods reiterated a hold rating and set a $42.00 target price on shares of James River Group Holdings in a report on Thursday, September 21st. Zacks Investment Research upgraded James River Group Holdings from a sell rating to a hold rating in a research note on Wednesday, October 11th. JMP Securities started coverage on James River Group Holdings in a research note on Tuesday, October 17th. They set an outperform rating and a $47.00 price objective for the company. ValuEngine lowered James River Group Holdings from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, BidaskClub lowered James River Group Holdings from a hold rating to a sell rating in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $47.00.

Shares of James River Group Holdings (NASDAQ JRVR) opened at $38.31 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.25 and a current ratio of 0.25. James River Group Holdings has a 52 week low of $37.24 and a 52 week high of $46.20. The company has a market capitalization of $1,134.44, a price-to-earnings ratio of 17.41 and a beta of 0.56.

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

WARNING: “James River Group Holdings, Ltd. (NASDAQ:JRVR) Given Buy Rating at B. Riley” was posted by BBNS and is the property of of BBNS. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://baseballnewssource.com/markets/james-river-group-holdings-ltd-jrvr-receives-buy-rating-from-b-riley/1761877.html.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 15th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 8.35%. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from James River Group Holdings’s previous quarterly dividend of $0.30. James River Group Holdings’s payout ratio is currently 52.63%.

In other James River Group Holdings news, CEO Steven J. Hartman sold 5,264 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $38.91, for a total value of $204,822.24. Following the transaction, the chief executive officer now owns 55,843 shares in the company, valued at $2,172,851.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven J. Hartman sold 19,736 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $39.42, for a total value of $777,993.12. Following the completion of the transaction, the chief executive officer now owns 70,315 shares in the company, valued at approximately $2,771,817.30. The disclosure for this sale can be found here. Insiders have sold 3,025,000 shares of company stock worth $115,282,815 over the last ninety days. 41.00% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. Advisor Group Inc. lifted its position in shares of James River Group Holdings by 11.0% during the 2nd quarter. Advisor Group Inc. now owns 3,937 shares of the insurance provider’s stock worth $156,000 after purchasing an additional 391 shares during the last quarter. American International Group Inc. lifted its position in shares of James River Group Holdings by 7.1% during the 1st quarter. American International Group Inc. now owns 8,791 shares of the insurance provider’s stock worth $377,000 after purchasing an additional 585 shares during the last quarter. Legal & General Group Plc lifted its position in shares of James River Group Holdings by 21.4% during the 2nd quarter. Legal & General Group Plc now owns 4,248 shares of the insurance provider’s stock worth $169,000 after purchasing an additional 748 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of James River Group Holdings by 9.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 11,384 shares of the insurance provider’s stock worth $488,000 after purchasing an additional 942 shares during the last quarter. Finally, People s United Financial Inc. lifted its position in shares of James River Group Holdings by 14.5% during the 2nd quarter. People s United Financial Inc. now owns 8,113 shares of the insurance provider’s stock worth $323,000 after purchasing an additional 1,030 shares during the last quarter. 94.48% of the stock is owned by institutional investors.

James River Group Holdings 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.

Receive News & Ratings for James River Group Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for James River Group Holdings Ltd. and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.