James River Group: Potential Upside Requires Patience

Jul. 30, 2024 12:48 AM ETJames River Group Holdings, Ltd. (JRVR) Stock5 Comments1 Like
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Summary

  • James River stock has only increased 9% since buy rating in March 2024, but potential value remains underestimated by the market.
  • The JRG Re sale has lifted burdens, improving profitability and underwriting results, signaling a potential turnaround for James River.
  • E&S market growth remains steady, making James River an attractive investment.
  • Shares are still a buy with a price target of $14.

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Investment Thesis

For those who may have missed, I wrote about James River (NASDAQ:JRVR) in March 2024, with a buy rating explaining why I think the valuation gap will close over time. Since then, the

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About JRVR Stock

SymbolLast Price% Chg
JRVR
7.46-
Created with Highcharts 11.2.0Jul 30Aug 7Aug 14Aug 216810
Market Cap
$282.18M
PE (FWD)
4.55
Yield
2.68%
Rev Growth (YoY)
23.89%
Short Interest
3.26%
Prev. Close
$7.46
Compare to Peers

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