Stock Analysis:James River Group Holdings Ltd (NASDAQ:JRVR) Stock Target Increased
In an analyst note shared with investors and clients by Suntrust Robinson on Friday, 11 December, James River Group Holdings Ltd (NASDAQ:JRVR) had its Estimated Target Price increased to $39.00. The firm currently has a solid “Buy” rating on shares.
Approximately 108,563 shares of stock traded hands. James River Group Holdings Ltd (NASDAQ:JRVR) has risen 27.99% since May 8, 2015 and is uptrending. It has outperformed by 31.01% the S&P500.
The overall sentiment of institutions has decreased to 1.7 in Q2 2015. Its down 0.40, from 2.1 in 2015Q2. The ratio fall, as 7 institutions have sold all the shares of James River Group Holdings Ltd that they owned while 20 funds have taken shares off the table. 15 funds have purchased shares for the first time while 31 added to their positions. These institutions now hold 27.40 million shares or 3.30% more than the 26.52 million shares they owned in 2015Q2.
The Fund Hood River Capital Management Llc currently is holding shares equating to 1.82% of its total portfolio in James River Group Holdings Ltd representing a total of 487,219 shares. Another fund,Philadelphia Financial Management Of San Francisco Llc, is holding a total of 280,104 shares equating to 1.61% of their holdings. Additionally, Seawolf Capital Llc has a 236,866 share stake in James River Group Holdings Ltd which represents 1.59% of their total portfolio. The Fund, D. E. Shaw & Co. Inc., based out of New York, has also built up a stake in the stock, which represents a total of 0.56% of their total portfolio. Finally Blue Arrow Capital Management Llc, a fund which is based in the state of New York reported a total holdings of 50,000 shares.
James River Group Holdings, Ltd. is a Bermuda insurance holding company. The company has a market cap of $884.26 million. The Firm owns and operates a group of specialty insurance and reinsurance companies. It has 18.4 P/E ratio. For the year ended December 31, 2014, 71% of the Company’s gross written premiums originated from the United States excess and surplus lines market.
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.” Get a free copy of the Zacks research report on James River Group Holdings Ltd (JRVR).