B.Riley FBR analyst Randy Binner maintained a Hold rating on James River Group (NASDAQ: JRVR) today and set a price target of $38. The company’s shares closed yesterday at $40.08.
According to TipRanks.com, Binner is a 5-star analyst with an average return of 15.7% and a 70.8% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, Health Insurance Innovations, and National General Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for James River Group with a $43.67 average price target.
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Based on James River Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $16.98 million. In comparison, last year the company had a net profit of $14.54 million.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock.
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James River Group Holdings Ltd. engages in insurance business activities. The company owns and operates a group of specialty insurance and reinsurance companies. It operates through the following segments: Excess & Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance.
