Live Price Coverage: Time to Reconsider James River Group Holdings Ltd After Reaching 52-Week High?

Live Price Coverage: Time to Reconsider James River Group Holdings Ltd After Reaching 52 Week High?

The stock of James River Group Holdings Ltd (NASDAQ:JRVR) hit a new 52-week high and has $66.90 target or 66.00% above today’s $40.30 share price. The 8 months bullish chart indicates low risk for the $1.23B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $66.90 price target is reached, the company will be worth $811.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 70,343 shares traded hands. James River Group Holdings Ltd (NASDAQ:JRVR) has risen 21.70% since April 11, 2016 and is uptrending. It has outperformed by 15.55% the S&P500.

James River Group Holdings Ltd (NASDAQ:JRVR) Ratings Coverage

Out of 3 analysts covering James River Group Holdings Ltd (NASDAQ:JRVR), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. James River Group Holdings Ltd has been the topic of 7 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Zacks upgraded James River Group Holdings Ltd (NASDAQ:JRVR) on Monday, August 10 to “Hold” rating. FBR Capital maintained James River Group Holdings Ltd (NASDAQ:JRVR) on Tuesday, October 4 with “Outperform” rating. The firm has “Outperform” rating given on Monday, November 23 by BMO Capital Markets.

According to Zacks Investment Research, “James River Group Holdings, Ltd. is an insurance company which own and operate specialty insurance and reinsurance companies. The Company operates through Excess and Surplus Lines, Specialty Admitted Insurance and Casualty Reinsurance segments. James River Group Holdings, Ltd. is based in Hamilton, Bermuda.”

Insitutional Activity: The institutional sentiment increased to 1.74 in Q2 2016. Its up 0.54, from 1.2 in 2016Q1. The ratio is positive, as 6 funds sold all James River Group Holdings Ltd shares owned while 28 reduced positions. 17 funds bought stakes while 42 increased positions. They now own 27.72 million shares or 0.18% more from 27.67 million shares in 2016Q1.
Keeley Asset Mngmt holds 0.05% of its portfolio in James River Group Holdings Ltd (NASDAQ:JRVR) for 38,345 shares. Vanguard Grp Inc last reported 506,597 shares in the company. Frontier Capital Mngmt Com Ltd Llc reported 1.42M shares or 0.4% of all its holdings. Alliancebernstein Lp holds 0% of its portfolio in James River Group Holdings Ltd (NASDAQ:JRVR) for 18,800 shares. Prospector Prtn Limited Liability has invested 0.05% of its portfolio in James River Group Holdings Ltd (NASDAQ:JRVR). Renaissance Technologies Ltd Company holds 111,300 shares or 0.01% of its portfolio. Blackrock Institutional Trust Communications Na holds 320,622 shares or 0% of its portfolio. Manufacturers Life Insur The last reported 0% of its portfolio in the stock. Credit Suisse Ag, a Switzerland-based fund reported 12,260 shares. Boston Prns has invested 0.01% of its portfolio in James River Group Holdings Ltd (NASDAQ:JRVR). Granahan Mngmt Incorporated Ma holds 0.38% of its portfolio in James River Group Holdings Ltd (NASDAQ:JRVR) for 307,650 shares. Redwood Invests Lc owns 161,072 shares or 0.5% of their US portfolio. Hood River Capital Management Ltd Liability owns 409,109 shares or 1.86% of their US portfolio. Nationwide Fund Advisors holds 0% of its portfolio in James River Group Holdings Ltd (NASDAQ:JRVR) for 25,663 shares. Martingale Asset Mngmt Ltd Partnership holds 0.01% or 10,705 shares in its portfolio.

Another recent and important James River Group Holdings Ltd (NASDAQ:JRVR) news was published by Globenewswire.com which published an article titled: “James River Group Holdings, Ltd. (NASDAQ: “JRVR”) Announces Dates for Its 2016 …” on July 12, 2016.

JRVR Company Profile

James River Group Holdings, Ltd., incorporated on May 30, 2007, is an insurance holding company. The Firm owns and operates a group of specialty insurance and reinsurance companies. The Firm operates through four divisions: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other.

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