KBW Sticks to Its Buy Rating for James River Group (JRVR)


In a report released yesterday, Meyer Shields from KBW reiterated a Buy rating on James River Group (NASDAQ: JRVR), with a price target of $46. The company’s shares closed yesterday at $40.89.

According to TipRanks.com, Shields is a 4-star analyst with an average return of 8.8% and a 70.1% success rate. Shields covers the Financial sector, focusing on stocks such as National General Holdings, Arthur J Gallagher & Co, and Arch Capital Group Ltd.

James River Group has an analyst consensus of Moderate Buy, with a price target consensus of $42.67, representing a 4.4% upside. In a report issued on August 2, SunTrust Robinson also reiterated a Buy rating on the stock with a $47 price target.

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The company has a one-year high of $43.79 and a one-year low of $32.17. Currently, James River Group has an average volume of 180.4K.

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.

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