James River Group (NASDAQ:JRVR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “James River Group Holdings, Ltd. is an insurance company which own and operate specialty insurance and reinsurance companies. The Company operates through Excess and Surplus Lines, Specialty Admitted Insurance and Casualty Reinsurance segments. James River Group Holdings, Ltd. is based in Hamilton, Bermuda. “

Other equities analysts have also issued research reports about the stock. BidaskClub lowered shares of James River Group from a “buy” rating to a “hold” rating in a report on Thursday, December 13th. Keefe, Bruyette & Woods reiterated a “mkt perform” rating on shares of James River Group in a report on Monday, November 12th. Finally, ValuEngine lowered shares of James River Group from a “buy” rating to a “hold” rating in a report on Monday, October 15th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.00.

JRVR stock traded down $0.21 during midday trading on Wednesday, hitting $36.09. The stock had a trading volume of 1,368 shares, compared to its average volume of 185,066. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 23.01 and a beta of 0.57. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.14. James River Group has a 1-year low of $32.17 and a 1-year high of $43.47.

James River Group (NASDAQ:JRVR) last released its earnings results on Thursday, November 8th. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. The business had revenue of $224.69 million for the quarter, compared to analyst estimates of $224.90 million. James River Group had a net margin of 5.90% and a return on equity of 8.33%. Research analysts expect that James River Group will post 2.41 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Voya Investment Management LLC raised its holdings in shares of James River Group by 19.2% during the second quarter. Voya Investment Management LLC now owns 9,544 shares of the insurance provider’s stock valued at $375,000 after purchasing an additional 1,536 shares during the period. Rehmann Capital Advisory Group raised its holdings in shares of James River Group by 3,981.6% during the third quarter. Rehmann Capital Advisory Group now owns 9,959 shares of the insurance provider’s stock valued at $233,000 after purchasing an additional 9,715 shares during the period. SG Americas Securities LLC raised its holdings in shares of James River Group by 141.3% during the second quarter. SG Americas Securities LLC now owns 10,875 shares of the insurance provider’s stock valued at $427,000 after purchasing an additional 6,368 shares during the period. Man Group plc raised its holdings in shares of James River Group by 106.3% during the third quarter. Man Group plc now owns 18,792 shares of the insurance provider’s stock valued at $801,000 after purchasing an additional 9,681 shares during the period. Finally, Schroder Investment Management Group raised its holdings in shares of James River Group by 20.7% during the third quarter. Schroder Investment Management Group now owns 26,564 shares of the insurance provider’s stock valued at $1,132,000 after purchasing an additional 4,548 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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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