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JRVR

James River Group

$37.41

0.79 (2.16%)

09:31
11/26/19
11/26
09:31
11/26/19
09:31

James River Group upgraded to Buy from Neutral at UBS

UBS upgraded James River Group to Buy from Neutral.

  • 09

    Dec

JRVR James River Group
$37.41

0.79 (2.16%)

10/09/19
10/09/19
DOWNGRADE
Target $40

Hold
James River Group downgraded to Hold from Buy at SunTrust
As previously reported, SunTrust analyst Mark Hughes downgraded James River Group (JRVR) to Hold and lowered his price target to $40 from $55 after the company's announcement that it will increase its reserves by up to $60M this quarter to account for commercial auto line of business losses as well as its ended Uber (UBER) relationship this year. As Uber reserves continue to develop adversely, the analyst is also lowering his FY20 EPS view on James River to $1.35 from $3.00, reflecting new assumptions about the company's profitability.
10/09/19
RILY
10/09/19
DOWNGRADE
Target $40
RILY
Sell
B. Riley FBR downgrades James River Group to Sell on Uber termination
James River Group Holdings (JRVR) disclosed last night that it plans to cancel all policies issued to its largest customer, Uber (UBER) commercial auto business Raiser LLC, effective December 31, 2019, due to unfavorable loss experience, B. Riley FBR analyst Randy Binner tells investors in a research note. While the reserve charge is manageable, concern around reserve adequacy is likely to remain an overhang on James River shares given the termination of the Uber relationship, a "significant move," says Binner. The analyst believes James River shares "will re-rate to a lower multiple to book value." He downgraded the stock to Sell from Neutral and cut his price target for the shares to $40 from $45.
10/10/19
BOFA
10/10/19
NO CHANGE
Target $53
BOFA
Buy
James River cancellation negative for Uber 'on the surface,' says BofA/Merrill
BofA/Merrill analyst Justin Post says James River Group (JRVR) ending early its insurance policies issued to Rasier LLC, a subsidiary of Uber Technologies (UBER), is a negative for Uber "on the surface." James River insures Uber drivers in 20 states and was the smallest of the four insurers that Uber works with in the U.S., Post tells investors in a research note. The news is a negative given the potential that the underwriting costs of Uber's business are proving to be higher than expected, says Post. However, the analyst does not anticipate a material change in Uber's insurance costs. Uber's business will likely switch to one of its other carriers, Farmers, Progressive (PGR) or Allstate (ALL), according to Post. Those three insurers are likely increasing their interest in and exposure to ridesharing and gig-economy insurance, increasingly competing for business, says Post, who thinks this could maintain or decrease gig-economy and rideshare insurance premiums over time. The analyst keeps a Buy rating on Uber with a $53 price target.
11/26/19
RHCO
11/26/19
NO CHANGE
Target $110
RHCO
Buy
Kinsale Capital Group price target raised to $110 from $100 at SunTrust
SunTrust analyst Mark Hughes raised his price target on Kinsale Capital Group (KNSL) to $110 and kept his Buy rating, saying the latest set of pricing information from broker USI Insurance Services indicates acceleration in the back half of 2019 with further increases expected in 2020. The analyst adds that the company, along with James River (JRVR), have less exposure in the "excess layers" that cover larger losses and should benefit from this trend.

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GOL

Gol Linhas

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Navidea

$0.97

0.07 (7.78%)

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EFC

Ellington Financial

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BOOT

Boot Barn

$41.93

0.81 (1.97%)

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ERIC

Ericsson

$9.24

0.1 (1.09%)

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GLD

SPDR Gold Shares

$137.59

-1.42 (-1.02%)

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PICO

PICO Holdings

$10.81

0.31 (2.95%)

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QHC

Quorum Health

$0.95

0.0522 (5.81%)

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SPRT

Support.com

$1.94

0.01 (0.52%)

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BXRX

Baudax Bio

$6.69

0.34 (5.35%)

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LMT

Lockheed Martin

$387.10

1.175 (0.30%)

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ENV

Envestnet

$71.72

1.27 (1.80%)

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NOC

Northrop Grumman

$344.79

0.4 (0.12%)

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SPRT

Support.com

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SPRT

Support.com

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RZLT

Rezolute

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AMZN

Amazon.com

$1,750.79

10.2 (0.59%)

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Periodicals
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MGTA

Magenta Therapeutics

$13.29

0.3 (2.31%)

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Conference/Events
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IMH

IMPAC Mortgage

$5.63

-0.01 (-0.18%)

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ALEC

Alector

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0.33 (1.70%)

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ATAX

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PNM

PNM Resources

$48.77

-0.06 (-0.12%)

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