James River Group Inc Q4 2017 Institutional Investor Sentiment Better Than Expected

April 22, 2018 - By Clifton Ray

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 is better, as 85 active investment managers opened new or increased equity positions, while 49 sold and reduced their stakes in James River Group Inc. The active investment managers in our partner’s database now own: 28.18 million shares, up from 28.06 million shares in 2017Q3. Also, the number of active investment managers 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 $1.10 billion. It operates in four divisions: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. It has a 25.55 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.

It closed at $36.79 lastly. It is down 13.74% since April 22, 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 May, 2 after the close. They expect $0.51 earnings per share, down 12.07 % or $0.07 from last year’s $0.58 per share. JRVR’s profit will be $15.23 million for 18.03 P/E if the $0.51 EPS becomes a reality. After $0.13 actual earnings per share reported by James River Group Holdings, Ltd. for the previous quarter, Wall Street now forecasts 292.31 % 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 $47.0. The stock’s average target of $40 is 8.73% above today’s ($36.79) share price. JRVR was included in 9 notes of analysts from November 14, 2017. FBR Capital maintained it with “Buy” rating and $47.0 target in Tuesday, November 14 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Friday, February 23. 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. SunTrust maintained James River Group Holdings, Ltd. (NASDAQ:JRVR) rating on Friday, February 23. SunTrust has “Buy” rating and $44.0 target. The stock of James River Group Holdings, Ltd. (NASDAQ:JRVR) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, March 14. The rating was maintained by FBR Capital with “Hold” on Friday, March 2. The firm has “Hold” rating given on Thursday, January 4 by FBR Capital. The stock of James River Group Holdings, Ltd. (NASDAQ:JRVR) has “Outperform” rating given on Thursday, March 15 by Wood. As per Thursday, January 4, the company rating was downgraded by B. Riley & Co.

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

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