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UPDATE: Keefe, Bruyette & Woods Initiates Coverage On James River Group On Multiple Positive Factors

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In a report published Tuesday, Keefe, Bruyette & Woods analyst Meyer Shields initiated coverage on James River Group Holdings Ltd (NASDAQ: JRVR) with an Outperform rating and $26.50 price target.

In the report, Keefe, Bruyette & Woods noted, “We believe that James River has a high quality specialty business, a growing and valuable emerging fee business, and a strong management team with a superb record of delivering shareholder value. James River has a history of conservative excess and surplus lines reserving, and we believe that its current reserves include considerable redundancies, which should provide protection if loss cost trends pick up. While the shares are not meaningfully discounted relative to peers, we believe that the current valuation represents an attractive entry point with potential for multiple expansion. We are initiating coverage with an Outperform rating and a $26.50 price target.”

James River Group closed on Monday at $22.82.

Latest Ratings for JRVR

DateFirmActionFromTo
Oct 2019DowngradesBuyHold
Oct 2019DowngradesNeutralSell
Jun 2019MaintainsNeutral

View More Analyst Ratings for JRVR
View the Latest Analyst Ratings

Posted-In: Keefe Bruyette & Woods Meyer ShieldsAnalyst Color Initiation Analyst Ratings

 

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