James River Group (NASDAQ:JRVR) Stock Rating Upgraded by Wall Street Zen

James River Group (NASDAQ:JRVR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research analysts have also recently issued reports on JRVR. Raymond James Financial set a $7.00 target price on James River Group in a research note on Tuesday, December 16th. Weiss Ratings raised James River Group from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday. Compass Point cut James River Group from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a report on Tuesday, December 16th. Truist Financial boosted their price objective on James River Group from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Zacks Research cut James River Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, James River Group has a consensus rating of “Hold” and a consensus price target of $6.80.

James River Group Trading Up 0.5%

Shares of NASDAQ JRVR opened at $6.47 on Friday. James River Group has a twelve month low of $3.73 and a twelve month high of $7.20. The stock has a market cap of $297.43 million, a price-to-earnings ratio of 8.86 and a beta of -0.06. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.42. The company’s fifty day moving average is $6.65 and its 200-day moving average is $6.01.

James River Group (NASDAQ:JRVR) last released its quarterly earnings data on Monday, March 2nd. The insurance provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The firm had revenue of $167.75 million during the quarter, compared to the consensus estimate of $171.98 million. James River Group had a net margin of 6.90% and a return on equity of 12.01%. Equities research analysts predict that James River Group will post -0.35 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Zimmer Partners LP raised its position in James River Group by 53.8% in the 3rd quarter. Zimmer Partners LP now owns 4,591,638 shares of the insurance provider’s stock valued at $25,484,000 after buying an additional 1,605,828 shares during the last quarter. Enstar Group LTD bought a new stake in James River Group in the 4th quarter valued at approximately $16,477,000. Donald Smith & CO. Inc. boosted its position in James River Group by 434.9% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,671,220 shares of the insurance provider’s stock worth $10,629,000 after acquiring an additional 1,358,785 shares during the last quarter. RBF Capital LLC boosted its position in James River Group by 5.0% during the 4th quarter. RBF Capital LLC now owns 1,050,000 shares of the insurance provider’s stock worth $6,678,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of James River Group by 10.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock worth $5,875,000 after acquiring an additional 95,351 shares in the last quarter. 95.21% of the stock is owned by institutional investors and hedge funds.

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.