In a report issued on July 15, Meyer Shields from KBW reiterated a Buy rating on James River Group (NASDAQ: JRVR), with a price target of $45. The company’s shares opened today at $39.71.
According to TipRanks.com, Shields is a 4-star analyst with an average return of 9.2% and a 72.9% success rate. Shields covers the Financial sector, focusing on stocks such as American International Group, National General Holdings, and Arch Capital Group Ltd.
The word on The Street in general, suggests a Hold analyst consensus rating for James River Group with a $35 average price target.
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James River Group’s market cap is currently $1.18B and has a P/E ratio of 29.41. The company has a Price to Book ratio of 1.73.
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.
