James River Group (NASDAQ:JRVR) Price Target Cut to $5.00 by Analysts at Keefe, Bruyette & Woods

James River Group (NASDAQ:JRVR) had its price target reduced by research analysts at Keefe, Bruyette & Woods from $6.00 to $5.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 21.65% from the company’s current price.

A number of other research analysts have also issued reports on JRVR. JMP Securities decreased their target price on shares of James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a research report on Friday, December 20th. Truist Financial decreased their price target on James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Tuesday. StockNews.com downgraded James River Group from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Citigroup reaffirmed a “hold” rating on shares of James River Group in a research note on Tuesday. Finally, Compass Point dropped their target price on shares of James River Group from $7.75 to $6.25 and set a “buy” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.06.

James River Group Trading Up 4.3 %

James River Group stock opened at $4.11 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a 50-day moving average of $4.69 and a 200-day moving average of $5.43. The company has a market cap of $187.60 million, a price-to-earnings ratio of -1.01 and a beta of 0.04. James River Group has a one year low of $3.00 and a one year high of $9.56.

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

Institutional Trading of James River Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Aquatic Capital Management LLC acquired a new stake in James River Group during the 4th quarter worth approximately $41,000. ProShare Advisors LLC bought a new position in shares of James River Group during the fourth quarter valued at $51,000. Quantbot Technologies LP lifted its holdings in shares of James River Group by 24.8% during the fourth quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 2,498 shares during the period. Intech Investment Management LLC bought a new stake in shares of James River Group in the fourth quarter worth $68,000. Finally, SG Americas Securities LLC increased its holdings in James River Group by 41.6% in the fourth quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 4,586 shares during the period. 95.21% of the stock is currently owned by institutional investors.

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.