JMP Securities Reiterates “Market Outperform” Rating for James River Group (NASDAQ:JRVR)

James River Group (NASDAQ:JRVR)‘s stock had its “market outperform” rating reaffirmed by equities research analysts at JMP Securities in a research note issued on Monday, Benzinga reports. They presently have a $15.00 target price on the insurance provider’s stock. JMP Securities’ price objective would indicate a potential upside of 70.26% from the stock’s current price.

JRVR has been the subject of several other reports. Compass Point upgraded shares of James River Group from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a report on Friday, March 22nd. UBS Group decreased their price objective on James River Group from $34.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, March 5th. Truist Financial decreased their price objective on James River Group from $15.00 to $11.00 and set a “hold” rating for the company in a report on Friday, March 1st. Finally, Keefe, Bruyette & Woods decreased their price objective on James River Group from $11.00 to $9.00 and set a “market perform” rating for the company in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.33.

James River Group Stock Up 2.8 %

Shares of NASDAQ:JRVR opened at $8.81 on Monday. The company has a fifty day moving average of $9.18 and a 200-day moving average of $10.17. The company has a market capitalization of $331.78 million, a PE ratio of -3.90 and a beta of 0.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.55 and a current ratio of 0.55. James River Group has a 52-week low of $6.35 and a 52-week high of $22.15.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings results on Wednesday, February 28th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.10). The company had revenue of $218.10 million for the quarter, compared to analyst estimates of $216.80 million. James River Group had a positive return on equity of 13.75% and a negative net margin of 10.80%. On average, equities analysts predict that James River Group will post 1.75 EPS for the current fiscal year.

Institutional Trading of James River Group

A number of institutional investors have recently bought and sold shares of JRVR. Price T Rowe Associates Inc. MD boosted its position in shares of James River Group by 4.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,924 shares of the insurance provider’s stock worth $291,000 after purchasing an additional 548 shares in the last quarter. Swiss National Bank boosted its position in shares of James River Group by 1.0% during the 2nd quarter. Swiss National Bank now owns 81,699 shares of the insurance provider’s stock worth $1,492,000 after purchasing an additional 800 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of James River Group by 3.0% during the 1st quarter. Yousif Capital Management LLC now owns 34,965 shares of the insurance provider’s stock worth $865,000 after purchasing an additional 1,027 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of James River Group by 2.1% during the 3rd quarter. New York State Common Retirement Fund now owns 51,269 shares of the insurance provider’s stock worth $787,000 after purchasing an additional 1,043 shares in the last quarter. Finally, Credit Suisse AG boosted its position in shares of James River Group by 2.1% during the 4th quarter. Credit Suisse AG now owns 50,464 shares of the insurance provider’s stock worth $1,055,000 after purchasing an additional 1,049 shares in the last quarter. Institutional investors own 95.21% of the company’s stock.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.