James River Group Holdings, Ltd. (NASDAQ:JRVR) Given Consensus Recommendation of “Hold” by Analysts

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have received an average rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $12.33.

A number of research firms recently commented on JRVR. Truist Financial dropped their price objective on James River Group from $15.00 to $11.00 and set a “hold” rating for the company in a research report on Friday, March 1st. Compass Point upgraded James River Group from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Friday, March 22nd. Keefe, Bruyette & Woods dropped their price objective on James River Group from $11.00 to $9.00 and set a “market perform” rating for the company in a research report on Thursday, March 7th. JMP Securities reiterated a “market outperform” rating and set a $15.00 price objective on shares of James River Group in a research report on Monday, April 15th. Finally, UBS Group decreased their price target on James River Group from $34.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 5th.

James River Group Trading Up 0.7 %

Shares of JRVR stock opened at $8.89 on Wednesday. James River Group has a fifty-two week low of $6.35 and a fifty-two week high of $22.15. The stock has a market cap of $334.80 million, a P/E ratio of -3.93 and a beta of 0.18. The business has a fifty day simple moving average of $9.03 and a 200-day simple moving average of $9.81. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.42.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings data on Wednesday, February 28th. The insurance provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10). The company had revenue of $218.10 million for the quarter, compared to analysts’ expectations 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, analysts forecast that James River Group will post 1.75 earnings per share for the current fiscal year.

James River Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Friday, March 8th. James River Group’s payout ratio is -8.85%.

Institutional Trading of James River Group

Hedge funds have recently added to or reduced their stakes in the business. Graham Capital Management L.P. lifted its stake in shares of James River Group by 11.1% in the 3rd quarter. Graham Capital Management L.P. now owns 19,155 shares of the insurance provider’s stock valued at $294,000 after purchasing an additional 1,920 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of James River Group in the 3rd quarter valued at about $169,000. AQR Capital Management LLC lifted its stake in shares of James River Group by 415.9% in the 3rd quarter. AQR Capital Management LLC now owns 336,920 shares of the insurance provider’s stock valued at $5,172,000 after purchasing an additional 271,613 shares in the last quarter. Boston Partners acquired a new position in shares of James River Group in the 3rd quarter valued at about $1,704,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of James River Group by 88.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 133,297 shares of the insurance provider’s stock valued at $2,046,000 after purchasing an additional 62,596 shares in the last quarter. 95.21% of the stock is owned by institutional investors and hedge funds.

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.