Added to YB: 2024-03-22
Pitch date: 2024-03-20
JRVR [bullish]
James River Group Holdings, Ltd.
-15.32%
current return
Author Info
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Company Info
James River Group Holdings, Ltd. provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments.
Market Cap
$185.8M
Pitch Price
$7.97
Price Target
10.40 (+54%)
Dividend
0.98%
EV/EBITDA
-6.36
P/E
-1.56
EV/Sales
0.38
Sector
Insurance
Category
special_situation
James River Group: E&S Insurer, Broken Divestiture, Strategics Circling
JRVR: E&S insurer at 90% TBV. Sold JRG Re at 75% BV but buyer balking. Material weakness since fixed. Strategic alternatives process ongoing. GBLI reportedly bid $15 (2/3 own TBV) but K-1 issues. ACGL, RE make more sense. 115% TBV paid for ARGO = $10.40 for JRVR (30% upside). GBLI, JRVR in merger talks.
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