James River Group price target lowered to $11 from $15 at Truist

Truist analyst Mark Hughes lowered the firm’s price target on James River Group to $11 from $15 and keeps a Hold rating on the shares. The company’s Q4 missed estimates as it experienced net adverse development of $25 million overall in the Excess & Surplus segment, though it appears to have the opportunity to return to an even keel assuming it has addressed its reserve issue, the analyst tells investors in a research note.