Tiger Brokers

BUZZ-Insurer James River slumps after bigger-than-expected quarterly loss

Reuters
Mar 05, 2025
BUZZ-Insurer James River slumps after bigger-than-expected quarterly loss

** Shares of insurer James River Group JRVR.O slump as much as 38.8%, last down 27.6% at $3.55

** JRVR, late Monday, reported a bigger-than-expected Q4 loss, missing Wall Street expectations for the fifth straight quarter

** Share to trade down on the EPS miss, persistent adverse reserve development and bigger-than-expected decline written premium decline - KBW

** More than 3.9 million shares traded, about 23 times their 25-day moving average, according to data compiled by LSEG

** Three of six brokerages rate the stock as "buy" or higher and three rate it as "hold", with a median PT of $7.75

** JRVR stock down 26.9% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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