James River GroupJRVR
Market Cap: $252M
About: James River Group Holdings Ltd owns and operates a group of specialty insurance and reinsurance companies. It reports business into three segments. The Excess and Surplus Lines segment, which is the key revenue driver, offers commercial excess and surplus lines liability and excess property insurance products; The Specialty Admitted Insurance segment focuses on niche classes within the standard insurance markets with a primary focus on fronting business, where it retains a minority share of the risk and seek to earn fee income by allowing other carriers and producers to use its licensure, ratings, expertise and infrastructure. and the Corporate and other segment consists of the management and treasury activities of holding companies, equity compensation for the group.
Employees: 649
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
54% more call options, than puts
Call options by funds: $611K | Put options by funds: $397K
6% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 50
6.5% less ownership
Funds ownership: 89.7% [Q1] → 83.2% (-6.5%) [Q2]
13% less funds holding
Funds holding: 150 [Q1] → 131 (-19) [Q2]
23% less capital invested
Capital invested by funds: $314M [Q1] → $243M (-$71M) [Q2]
44% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 43
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Truist Securities Mark Hughes 77% 1-year accuracy 47 / 61 met price target | 20%upside $8 | Hold Maintained | 7 Aug 2024 |
Compass Point Casey Alexander 46% 1-year accuracy 6 / 13 met price target | 80%upside $12 | Buy Maintained | 7 Aug 2024 |
JMP Securities Matthew Carletti 66% 1-year accuracy 39 / 59 met price target | 65%upside $11 | Market Outperform Maintained | 6 Aug 2024 |
JMP Securities Matthew Carletti 66% 1-year accuracy 39 / 59 met price target | 110%upside $14 | Market Outperform Maintained | 17 Jul 2024 |