James River Group (NASDAQ:JRVR) Receives Market Outperform Rating from JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of James River Group (NASDAQ:JRVR) in a research note issued to investors on Monday morning, Benzinga reports. They currently have a $15.00 target price on the insurance provider’s stock.

Several other analysts also recently weighed in on JRVR. Keefe, Bruyette & Woods reduced their target price on James River Group from $11.00 to $9.00 and set a market perform rating for the company in a report on Thursday, March 7th. UBS Group reduced their price target on shares of James River Group from $34.00 to $15.00 and set a buy rating for the company in a research report on Tuesday, March 5th. Truist Financial dropped their price objective on shares of James River Group from $15.00 to $11.00 and set a hold rating on the stock in a research note on Friday, March 1st. Finally, Compass Point upgraded shares of James River Group from a neutral rating to a buy rating and set a $12.00 target price for the company in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $12.33.

James River Group Stock Down 1.0 %

James River Group stock opened at $8.72 on Monday. The stock’s fifty day moving average is $9.18 and its two-hundred day moving average is $10.16. The stock has a market cap of $328.40 million, a PE ratio of -3.86 and a beta of 0.18. James River Group has a 1-year low of $6.35 and a 1-year high of $22.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.55 and a quick ratio of 0.55.

James River Group (NASDAQ:JRVR) last issued its earnings results on Wednesday, February 28th. The insurance provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.10). The business had revenue of $218.10 million for the quarter, compared to analyst estimates of $216.80 million. James River Group had a positive return on equity of 13.75% and a negative net margin of 10.80%. On average, sell-side analysts expect that James River Group will post 1.75 EPS for the current fiscal year.

James River Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 11th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, March 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.29%. James River Group’s dividend payout ratio (DPR) is -8.85%.

Institutional Investors Weigh In On James River Group

Hedge funds have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. raised its stake in shares of James River Group by 163.8% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,380,574 shares of the insurance provider’s stock worth $34,155,000 after buying an additional 857,178 shares in the last quarter. Wellington Management Group LLP grew its holdings in James River Group by 41.9% during the first quarter. Wellington Management Group LLP now owns 934,787 shares of the insurance provider’s stock worth $23,126,000 after acquiring an additional 275,981 shares during the period. T. Rowe Price Investment Management Inc. raised its position in James River Group by 8.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,583,161 shares of the insurance provider’s stock worth $74,924,000 after acquiring an additional 274,337 shares in the last quarter. AQR Capital Management LLC lifted its holdings in James River Group by 415.9% in the third quarter. AQR Capital Management LLC now owns 336,920 shares of the insurance provider’s stock valued at $5,172,000 after acquiring an additional 271,613 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in shares of James River Group by 682.4% during the 4th quarter. Cubist Systematic Strategies LLC now owns 301,778 shares of the insurance provider’s stock worth $2,788,000 after purchasing an additional 263,206 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.