James River Group (JRVR) Rating Lowered to Sell at BidaskClub

James River Group (NASDAQ:JRVR) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday, BidAskClub reports.

A number of other analysts have also commented on the stock. ValuEngine raised shares of James River Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. Compass Point began coverage on James River Group in a research note on Tuesday, January 15th. They issued a “buy” rating and a $44.00 price target on the stock. Zacks Investment Research lowered James River Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Finally, B. Riley restated a “neutral” rating on shares of James River Group in a research report on Friday, March 1st. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $39.75.

Shares of NASDAQ JRVR opened at $37.77 on Friday. The stock has a market capitalization of $1.14 billion, a PE ratio of 16.21 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.33 and a current ratio of 0.33. James River Group has a 1 year low of $34.08 and a 1 year high of $43.47.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings results on Thursday, February 21st. The insurance provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.09). James River Group had a return on equity of 10.15% and a net margin of 7.21%. The business had revenue of $214.52 million for the quarter, compared to analyst estimates of $214.20 million. Analysts expect that James River Group will post 2.53 EPS for the current year.

In related news, insider Michael E. Crow sold 7,019 shares of James River Group stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $40.69, for a total transaction of $285,603.11. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 15.00% of the company’s stock.

Large investors have recently modified their holdings of the business. Bank of Montreal Can raised its holdings in James River Group by 88.9% in the fourth quarter. Bank of Montreal Can now owns 752 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 354 shares during the period. Meeder Asset Management Inc. increased its position in shares of James River Group by 1,221.7% in the 4th quarter. Meeder Asset Management Inc. now owns 912 shares of the insurance provider’s stock valued at $33,000 after buying an additional 843 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of James River Group by 38.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 972 shares of the insurance provider’s stock valued at $35,000 after buying an additional 271 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in James River Group during the 4th quarter worth $89,000. Finally, Hsbc Holdings PLC raised its stake in James River Group by 11.7% during the 4th quarter. Hsbc Holdings PLC now owns 5,724 shares of the insurance provider’s stock worth $209,000 after buying an additional 600 shares during the period. 98.09% of the stock is owned by hedge funds and other institutional investors.

James River Group Company Profile

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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