The CEO of James River Group (NASDAQ: JRVR) is Buying Shares

By Carrie Williams

Today, the CEO of James River Group (JRVRResearch Report), Adam Abram, bought shares of JRVR for $505.8K.

Following this transaction Adam Abram’s holding in the company was increased by 3.44% to a total of $15.55 million.

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Based on James River Group’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $228 million and GAAP net loss of $25.17 million. In comparison, last year the company earned revenue of $223 million and had a net profit of $19.58 million. The company has a one-year high of $52.18 and a one-year low of $34.08. JRVR’s market cap is $1.09B and the company has a P/E ratio of 36.54.

The insider sentiment on James River Group has been positive according to 38 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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James River Group Holdings Ltd. engages in the ownership and operation of a group of specialty insurance and reinsurance companies. It operates through the following segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other.