Market Runner: Is James River Group Holdings Ltd’s Fuel Running Low? The Stock Reaches 52-Week High Today

Market Runner: Is James River Group Holdings Ltd's Fuel Running Low? The Stock Reaches 52 Week High Today

The stock of James River Group Holdings Ltd (NASDAQ:JRVR) hit a new 52-week high and has $67.61 target or 63.00% above today’s $41.48 share price. The 9 months bullish chart indicates low risk for the $1.24B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $67.61 price target is reached, the company will be worth $781.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 21,413 shares traded hands. James River Group Holdings Ltd (NASDAQ:JRVR) has risen 36.50% since April 19, 2016 and is uptrending. It has outperformed by 32.63% the S&P500.

James River Group Holdings Ltd (NASDAQ:JRVR) Ratings Coverage

Out of 3 analysts covering James River Group Holdings Ltd (NASDAQ:JRVR), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. James River Group Holdings Ltd has been the topic of 8 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was upgraded by BMO Capital Markets to “Outperform” on Monday, November 23. The rating was upgraded by Zacks on Monday, August 10 to “Hold”. The firm earned “Outperform” rating on Tuesday, October 4 by FBR Capital. On Monday, November 14 the stock rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform”.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 2.06 in 2016 Q2. Its up 0.32, from 1.74 in 2016Q1. The ratio increased, as 6 funds sold all James River Group Holdings Ltd shares owned while 28 reduced positions. 17 funds bought stakes while 42 increased positions. They now own 27.72 million shares or 0.18% more from 27.67 million shares in 2016Q1.
The New Jersey-based Bessemer Gp has invested 0% in James River Group Holdings Ltd (NASDAQ:JRVR). Alliancebernstein Limited Partnership reported 18,800 shares or 0% of all its holdings. Fincl Bank Of Montreal Can, a Ontario – Canada-based fund reported 1,647 shares. Geode Management reported 112,103 shares or 0% of all its holdings. Parametric Portfolio Assocs Ltd Liability Corporation has invested 0% of its portfolio in James River Group Holdings Ltd (NASDAQ:JRVR). Tiaa Cref Inv Management holds 0% of its portfolio in James River Group Holdings Ltd (NASDAQ:JRVR) for 42,828 shares. Schwab Charles Invest Mgmt accumulated 0% or 47,126 shares. Champlain Inv Partners Ltd Com last reported 0.05% of its portfolio in the stock. Century Cos last reported 0% of its portfolio in the stock. Raymond James & Assocs has 41,335 shares for 0% of their US portfolio. Moreover, Renaissance Ltd Llc has 0.01% invested in James River Group Holdings Ltd (NASDAQ:JRVR) for 111,300 shares. Boston Prtnrs, a Massachusetts-based fund reported 189,869 shares. Bnp Paribas Arbitrage holds 0% or 642 shares in its portfolio. Envestnet Asset Management has 0% invested in the company for 1,718 shares. Blackrock Institutional Tru Na reported 320,622 shares or 0% of all its holdings.

More news for James River Group Holdings Ltd (NASDAQ:JRVR) were recently published by: Globenewswire.com, which released: “James River Group Holdings, Ltd. (NASDAQ: “JRVR”) Announces Dates for Its 2016 …” on July 12, 2016. Globenewswire.com‘s article titled: “James River Group Holdings, Ltd. (NASDAQ: “JRVR”) Announces Dates for Its 2016 …” and published on October 11, 2016 is yet another important article.

JRVR Company Profile

James River Group Holdings, Ltd., incorporated on May 30, 2007, is an insurance holding company. The Firm owns and operates a group of specialty insurance and reinsurance companies. The Firm operates through four divisions: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other.

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