Keefe Bruyette & Woods Maintains James River Group Holdings Ltd to Outperform with Price Target $38.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on James River Group Holdings Ltd(NASDAQ:JRVR). In a research note issued to the investors, the brokerage major Raises the price-target to $38.00 per share. The shares have been rated Outperform. The rating by Keefe Bruyette & Woods was issued on Aug 5, 2016.

James River Group Holdings Ltd (JRVR) shares turned negative on Wednesdays trading session with the shares closing down -0.7 points or -1.92% at a volume of 47,615. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $36.43. The peak price level was also seen at $36.43 while the days lowest was $35.76. Finally the shares closed at $35.81. The 52-week high of the shares is $36.98 while the 52-week low is $24.8945. According to the latest information available, the market cap of the company is $1,042 M.

James River Group Holdings Ltd(JRVR) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $118.56M. Analysts had an estimated revenue of $146.28M. Earnings per share were $0.46. Analysts had estimated an EPS of $0.43.

Several Insider Transactions has been reported to the SEC. On Jun 4, 2015, J Adam Abram (CEO) purchased 8,700 shares at $22.75 per share price.

James River Group Holdings Ltd. is a Bermuda-based insurance holding company. The Company owns and operates a group of specialty insurance and reinsurance companies. 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. The Company operates through three specialty property-casualty insurance and reinsurance segments: Excess and Surplus (E&S) Lines which include commercial lines liability and property insurance products; Specialty Admitted Insurance which consists of standard insurance products primarily for workers’ compensation coverage for residential contractors light manufacturing operations transportation workers and healthcare workers in North Carolina Virginia and South Carolina and Casualty Reinsurance which include the operations of JRG Reinsurance Company Ltd. a Bermuda domiciled reinsurance subsidiary.

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