James River Group (NASDAQ:JRVR) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other research analysts have also issued reports on the company. Zacks Investment Research raised James River Group from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Thursday, August 9th. B. Riley upped their target price on James River Group from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Tuesday, August 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $46.00 target price on shares of James River Group in a research report on Friday, August 3rd. Finally, ValuEngine raised James River Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $44.00.

Shares of NASDAQ:JRVR opened at $40.83 on Thursday. James River Group has a 1 year low of $32.17 and a 1 year high of $44.34. The stock has a market cap of $1.20 billion, a P/E ratio of 26.01 and a beta of 0.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.14.

James River Group (NASDAQ:JRVR) last announced its earnings results on Thursday, August 2nd. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. James River Group had a return on equity of 7.01% and a net margin of 4.88%. The company had revenue of $228.04 million for the quarter, compared to analyst estimates of $230.70 million. research analysts expect that James River Group will post 2.35 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of James River Group in the first quarter valued at about $160,000. State Board of Administration of Florida Retirement System acquired a new position in shares of James River Group in the second quarter valued at about $201,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of James River Group in the second quarter valued at about $203,000. Xact Kapitalforvaltning AB acquired a new position in shares of James River Group in the second quarter valued at about $214,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of James River Group in the second quarter valued at about $237,000. 98.58% of the stock is currently owned by institutional investors and hedge funds.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. Its Excess and Surplus Lines segment underwrites property and liability insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.

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