BMO Capital Believes JRVR Won’t Stop Here

By Carrie Williams

BMO Capital analyst Charles Sebaski reiterated a Buy rating on James River Group (NASDAQ: JRVR) on November 4 and set a price target of $42. The company’s shares opened today at $37.37, close to its 52-week high of $39.31.

According to, Sebaski is a 4-star analyst with an average return of 3.1% and a 63.2% success rate. Sebaski covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Arthur J. Gallagher & Co., and Arch Capital Group Ltd.

Currently, the analyst consensus on James River Group is Moderate Buy and the average price target is $42, representing a 12.4% upside.

In a report issued on November 2, FBR Capital also reiterated a Buy rating on the stock.

The company has a one year high of $39.31 and a one year low of $25.86. Currently, James River Group has an average volume of 69.89K.

James River Group Holdings Ltd. engages in insurance business activities. It owns and operates a group of specialty insurance and reinsurance companies. The company operates its business in four segments: Excess & Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance and Corporate & Other. The Excess & Surplus Lines segment offers E&S commercial lines liability and property insurance in every U.S. state and the District of Columbia through James River Insurance and its wholly-owned subsidiary, James River Casualty. James River Insurance and James River Casualty are both non-admitted carriers. The Specialty Admitted Insurance segment focuses on niche classes within the standard insurance markets, such as workers compensation coverage for residential contractors, light manufacturing operations, transportation workers and healthcare workers in North Carolina, Virginia, South Carolina and Tennessee. The Casualty Reinsurance segment consists of JRG Re, its Bermuda domiciled reinsurance subsidiary, which provides proportional and working layer casualty reinsurance to third parties and to its U.S. based insurance subsidiaries. The Corporate & Other segment consists of the management and treasury activities of its holding companies and interest expense associated with its debt. The company was founded on May 30, 2007 and is headquartered in Hamilton, Bermuda.