Institutional Investors Are Betting On James River Group Inc (NASDAQ:JRVR)

May 25, 2018 - By Marguerite Chambers

Sentiment for James River Group Inc (NASDAQ:JRVR)

James River Group Inc (NASDAQ:JRVR) institutional sentiment increased to 1.73 in 2017 Q4. Its up 0.19, from 1.54 in 2017Q3. The ratio improved, as 85 hedge funds opened new or increased equity positions, while 49 sold and decreased their equity positions in James River Group Inc. The hedge funds in our partner’s database now have: 28.18 million shares, up from 28.06 million shares in 2017Q3. Also, the number of hedge funds holding James River Group Inc in their top 10 equity positions increased from 1 to 2 for an increase of 1. Sold All: 15 Reduced: 34 Increased: 59 New Position: 26.

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. The company has market cap of $1.16 billion. It operates in four divisions: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. It has a 26.87 P/E ratio. The 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.

The stock increased 1.02% or $0.39 during the last trading session, reaching $38.69. About 64,316 shares traded. James River Group Holdings, Ltd. (NASDAQ:JRVR) has declined 13.74% since May 25, 2017 and is downtrending. It has underperformed by 25.29% the S&P500.

Analysts await James River Group Holdings, Ltd. (NASDAQ:JRVR) to report earnings on August, 7. They expect $0.52 earnings per share, up 6.12 % or $0.03 from last year’s $0.49 per share. JRVR’s profit will be $15.54M for 18.60 P/E if the $0.52 EPS becomes a reality. After $0.55 actual earnings per share reported by James River Group Holdings, Ltd. for the previous quarter, Wall Street now forecasts -5.45 % negative EPS growth.

Philadelphia Financial Management Of San Francisco Llc holds 3.62% of its portfolio in James River Group Holdings, Ltd. for 612,390 shares. Rk Capital Management Llc owns 255,041 shares or 2.15% of their US portfolio. Moreover, Monarch Partners Asset Management Llc has 1.94% invested in the company for 519,149 shares. The Massachusetts-based Redwood Investments Llc has invested 0.95% in the stock. Cortina Asset Management Llc, a Wisconsin-based fund reported 370,163 shares.

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

Ratings analysis reveals 60% of James River Group’s analysts are positive. Out of 5 Wall Street analysts rating James River Group, 3 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $34.0 while the high is $44.0. The stock’s average target of $40 is 3.39% above today’s ($38.69) share price. JRVR was included in 8 notes of analysts from December 4, 2017. Keefe Bruyette & Woods upgraded it to “Buy” rating and $42.0 target in Wednesday, March 14 report. The firm has “Hold” rating given on Friday, March 2 by FBR Capital. B. Riley & Co downgraded the stock to “Neutral” rating in Thursday, January 4 report. FBR Capital downgraded James River Group Holdings, Ltd. (NASDAQ:JRVR) on Thursday, January 4 to “Hold” rating. SunTrust maintained the shares of JRVR in report on Friday, February 23 with “Buy” rating. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Friday, February 23. Wood upgraded the stock to “Outperform” rating in Thursday, March 15 report. Keefe Bruyette & Woods maintained James River Group Holdings, Ltd. (NASDAQ:JRVR) rating on Monday, December 4. Keefe Bruyette & Woods has “Hold” rating and $43.0 target.

More important recent James River Group Holdings, Ltd. (NASDAQ:JRVR) news were published by: which released: “James River Announces Closing of Secondary Offering” on May 15, 2018, also published article titled: “James River Group (JRVR) Announces 3.3M Secondary Offering of Common Shares”, published: “James River Announces First Quarter 2018 Results” on May 02, 2018. More interesting news about James River Group Holdings, Ltd. (NASDAQ:JRVR) was released by: and their article: “James River Group Holdings’ (JRVR) CEO Bob Myron on Q1 2018 Results – Earnings Call Transcript” with publication date: May 06, 2018.

James River Group Holdings, Ltd. (NASDAQ:JRVR) Ratings Chart

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