James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives $6.40 Consensus Price Target from Brokerages

James River Group Holdings, Ltd. (NASDAQ:JRVR) has earned an average rating of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $6.40.

Several analysts recently commented on the stock. Compass Point downgraded shares of James River Group from a “buy” rating to a “neutral” rating and set a $7.00 target price for the company. in a report on Tuesday, December 16th. Wall Street Zen downgraded shares of James River Group from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Raymond James Financial set a $7.00 price objective on James River Group in a report on Tuesday, December 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of James River Group in a research note on Monday, December 29th. Finally, Zacks Research cut James River Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th.

Hedge Funds Weigh In On James River Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Boston Partners increased its holdings in shares of James River Group by 34.0% during the second quarter. Boston Partners now owns 685,597 shares of the insurance provider’s stock worth $4,018,000 after purchasing an additional 173,981 shares during the period. Brandywine Global Investment Management LLC acquired a new stake in James River Group during the second quarter worth approximately $99,000. Kennedy Capital Management LLC grew its position in James River Group by 47.8% during the second quarter. Kennedy Capital Management LLC now owns 432,568 shares of the insurance provider’s stock worth $2,535,000 after buying an additional 139,883 shares in the last quarter. FNY Investment Advisers LLC increased its stake in James River Group by 70.2% during the 2nd quarter. FNY Investment Advisers LLC now owns 41,713 shares of the insurance provider’s stock worth $244,000 after acquiring an additional 17,208 shares during the period. Finally, Cantor Fitzgerald L. P. raised its holdings in James River Group by 37.5% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 434,657 shares of the insurance provider’s stock valued at $2,412,000 after acquiring an additional 118,657 shares in the last quarter. 95.21% of the stock is currently owned by institutional investors and hedge funds.

James River Group Trading Up 1.4%

Shares of JRVR opened at $7.04 on Thursday. The stock’s fifty day simple moving average is $6.46 and its 200-day simple moving average is $5.86. James River Group has a 12-month low of $3.00 and a 12-month high of $7.10. The firm has a market capitalization of $323.63 million, a PE ratio of -3.38 and a beta of -0.04. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.45.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.