James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives Consensus Rating of “Hold” from Analysts

James River Group Holdings, Ltd. (NASDAQ:JRVR) has been given a consensus rating of “Hold” by the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $6.06.

A number of equities research analysts have commented on JRVR shares. Truist Financial lowered their target price on James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods reduced their target price on shares of James River Group from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday. Citigroup reissued a “hold” rating on shares of James River Group in a research note on Tuesday. StockNews.com downgraded James River Group from a “hold” rating to a “sell” rating in a report on Friday, March 7th. Finally, JMP Securities decreased their price objective on James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a report on Friday, December 20th.

Institutional Trading of James River Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in James River Group during the third quarter valued at about $157,000. Los Angeles Capital Management LLC increased its position in James River Group by 36.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 41,976 shares of the insurance provider’s stock worth $263,000 after purchasing an additional 11,106 shares in the last quarter. Empowered Funds LLC raised its holdings in James River Group by 5.3% in the third quarter. Empowered Funds LLC now owns 112,641 shares of the insurance provider’s stock valued at $706,000 after buying an additional 5,628 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in James River Group by 33.3% during the third quarter. Thompson Siegel & Walmsley LLC now owns 140,000 shares of the insurance provider’s stock valued at $878,000 after buying an additional 35,000 shares in the last quarter. Finally, BBR Partners LLC purchased a new stake in James River Group during the third quarter worth approximately $219,000. 95.21% of the stock is currently owned by institutional investors and hedge funds.

James River Group Trading Up 4.3 %

NASDAQ:JRVR opened at $4.11 on Thursday. James River Group has a 52-week low of $3.00 and a 52-week high of $9.56. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $4.69 and a 200-day simple moving average of $5.43. The company has a market capitalization of $187.60 million, a PE ratio of -1.01 and a beta of 0.04.

James River Group (NASDAQ:JRVR) last announced its earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.66). The business had revenue of $126.71 million for the quarter, compared to analyst estimates of $159.91 million. James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. During the same quarter in the previous year, the firm posted $0.33 EPS. On average, equities research analysts expect that James River Group will post -0.35 earnings per share for the current fiscal year.

James River Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $0.01 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.97%. James River Group’s dividend payout ratio (DPR) is presently -1.38%.

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.