James River Group Holdings Ltd. (JRVR): Target Price ranges from $45.00 to $55.00


James River Group Holdings Ltd. (NASDAQ:JRVR) changes shares on Tuesday trading session, with a change of -2.37% or -$1.1 shares. The trading starts at $46.00 and closed at $46.36 throughout the day. The trading session low price was $44.175 and day high was $46.47 on Tuesday, August 04. After the session, the Financial sector daily volume shifted to 0.25 million while its average volume is 188.96K. In other hand, the JRVR market cap reached to $1.40B. While, its current target price is $50.80.

On May 15, 2018, BRIEF-James River Announces Closing Of Secondary Offering. According to the news reported on Reuters, * JAMES RIVER ANNOUNCES CLOSING OF SECONDARY OFFERING Source text for Eikon: Further company coverage:

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -1.42% and down -0.31% for month. Its quarterly performance was 32.65% above, while its half year performance is up 8.59%. JRVR yearly performance stood at negative -4.15% and rise 9.83% for year-to-date. Current recommendation for James River Group Holdings Ltd. is 2.50.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. JRVR EPS (TTM) for 12-month is -0.71. EPS for this year is -40.70%, while for the next year its value is 2.44. Its EPS Q/Q reached 75.40%. It has an EPS of -4.20% down for past five years.

Let’s take a look on the analyst recommendations on JRVR for the current month and previous month. For the current month, 3 of 6 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 3 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $45.00 – $55.00. Average target price for JRVR was reached at $51.00.

Blackrock Inc., Wellington Management Company, LLP and Principal Financial Group, Inc. are the top three holders in James River Group Holdings Ltd. (JRVR) stock. On Mar 30, 2020, Blackrock Inc. has 4.42 million shares which valued 160.04 million. On Mar 30, 2020, Wellington Management Company, LLP owned 2.91 million shares which valued at 105.52 million. On Mar 30, 2020, Principal Financial Group, Inc. has a total of 2.21 million shares which valued at 80.21 million. In the end, Principal Financial Group, Inc. have 7.25% shares outstanding of James River Group Holdings Ltd. (JRVR) on Mar 30, 2020. The insider ownership moved to 3.80%.

The company posted an EPS (TTM) of -0.71. According to the most recent quarter report on (Sep 2020), 5 analysts estimated an average EPS of 0.49, while -0.73 EPS posted a year ago period. Analyst Estimated EPS for JRVR published in the report was $0.46 – $0.56 during the same period. Comparing with last year, the average estimated EPS was -0.73 which is lower than 0.56 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for JRVR rise 14.67% for period of 200 days. SMA for 50 days was 3.98% which is showing green signal, while SMA-20 was -2.73%. The moving average value for James River Group Holdings Ltd. (JRVR) is 39.84 and 45.42 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in JRVR stock. On Jun 10, Cowell Janet Raye, Director, sold 1,115 trading shares at the cost of $40.89, which valued at 45587.0. On May 14, Doran Sarah C., Chief Financial Officer, bought 2,555 shares at the cost of $29.40, with total shares of 46,270. On May 07, Abram J Adam, Chief Executive Officer, bought 15,384 shares at the cost of 31.86. After this transaction, Abram J Adam total shares reached to 470,616 which valued at 0.49 million.