James River Group Holdings, Ltd. (NASDAQ:JRVR) Rating Lowered to Sell at Zacks Investment Research

James River Group Holdings, Ltd. (NASDAQ:JRVR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, August 5th.

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. “

Separately, BidaskClub upgraded shares of James River Group Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. James River Group Holdings presently has an average rating of “Hold” and a consensus price target of $45.25.

Shares of James River Group Holdings (JRVR) traded down 0.35% on Friday, hitting $40.26. 145,843 shares of the stock traded hands. James River Group Holdings has a 52 week low of $33.96 and a 52 week high of $46.20. The firm has a market cap of $1.19 billion, a P/E ratio of 15.16 and a beta of 0.55. The stock has a 50-day moving average price of $39.87 and a 200 day moving average price of $40.92.

James River Group Holdings (NASDAQ:JRVR) last posted its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by $0.04. James River Group Holdings had a return on equity of 10.80% and a net margin of 11.45%. The company had revenue of $202.40 million for the quarter, compared to the consensus estimate of $169.83 million. During the same period in the prior year, the firm posted $0.46 earnings per share. The business’s revenue was up 50.5% on a year-over-year basis. Equities research analysts predict that James River Group Holdings will post $2.50 EPS for the current fiscal year.

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In other James River Group Holdings news, Director Bryan Martin sold 4,250,000 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $39.41, for a total value of $167,492,500.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 41.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in JRVR. SG Americas Securities LLC purchased a new position in shares of James River Group Holdings during the second quarter valued at about $124,000. Advisor Group Inc. increased its position in shares of James River Group Holdings by 11.0% in the second quarter. Advisor Group Inc. now owns 3,937 shares of the insurance provider’s stock valued at $156,000 after buying an additional 391 shares in the last quarter. Legal & General Group Plc increased its position in shares of James River Group Holdings by 21.4% in the second quarter. Legal & General Group Plc now owns 4,248 shares of the insurance provider’s stock valued at $169,000 after buying an additional 748 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of James River Group Holdings during the second quarter valued at about $203,000. Finally, Creative Planning increased its position in shares of James River Group Holdings by 3,123.3% in the first quarter. Creative Planning now owns 4,835 shares of the insurance provider’s stock valued at $207,000 after buying an additional 4,685 shares in the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

James River Group Holdings Company Profile

James River Group Holdings, Ltd. (JRG Holdings) is an insurance and reinsurance holding company. The Company operates through four segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. The Excess and Surplus Lines segment offers commercial excess and surplus lines liability and excess property insurance products.

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