James River Group (NASDAQ:JRVR) Upgraded to Strong-Buy at Zacks Research

James River Group (NASDAQ:JRVR) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of James River Group in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.06.

James River Group Stock Performance

Shares of NASDAQ JRVR opened at $5.55 on Tuesday. The business has a fifty day simple moving average of $5.41 and a 200 day simple moving average of $5.46. The company has a current ratio of 0.66, a quick ratio of 0.63 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $254.87 million, a price-to-earnings ratio of -2.67 and a beta of 0.03. James River Group has a one year low of $3.00 and a one year high of $6.77.

James River Group (NASDAQ:JRVR) last issued its earnings results on Monday, November 3rd. The insurance provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. The business had revenue of $172.74 million during the quarter, compared to analyst estimates of $179.21 million. James River Group had a positive return on equity of 7.63% and a negative net margin of 7.64%. Sell-side analysts expect that James River Group will post -0.35 EPS for the current year.

Institutional Investors Weigh In On James River Group

A number of hedge funds and other institutional investors have recently bought and sold shares of JRVR. Zimmer Partners LP raised its position in James River Group by 684.4% in the 1st quarter. Zimmer Partners LP now owns 2,162,484 shares of the insurance provider’s stock valued at $9,082,000 after buying an additional 1,886,781 shares during the last quarter. Boston Partners grew its stake in James River Group by 34.0% in the second quarter. Boston Partners now owns 685,597 shares of the insurance provider’s stock valued at $4,018,000 after purchasing an additional 173,981 shares in the last quarter. Kennedy Capital Management LLC grew its stake in James River Group by 47.8% in the second quarter. Kennedy Capital Management LLC now owns 432,568 shares of the insurance provider’s stock valued at $2,535,000 after purchasing an additional 139,883 shares in the last quarter. Nuveen LLC bought a new position in James River Group in the first quarter valued at approximately $455,000. Finally, Geode Capital Management LLC grew its stake in James River Group by 10.5% in the second quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock valued at $5,875,000 after purchasing an additional 95,351 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.

About James River Group

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.