James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives Average Recommendation of “Hold” from Brokerages

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVRGet Rating) have been given an average rating of “Hold” by the eight analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $30.80.

Several research firms have weighed in on JRVR. JMP Securities lowered their price target on James River Group from $45.00 to $36.00 and set a “market outperform” rating on the stock in a report on Tuesday, March 1st. Zacks Investment Research cut James River Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 8th. B. Riley decreased their price objective on James River Group from $42.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, March 4th. StockNews.com began coverage on James River Group in a report on Thursday, March 31st. They set a “sell” rating on the stock. Finally, Barclays raised their price objective on James River Group from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday.

NASDAQ:JRVR opened at $24.25 on Friday. The business’s 50-day moving average price is $24.03 and its two-hundred day moving average price is $27.90. James River Group has a twelve month low of $19.76 and a twelve month high of $51.02. The stock has a market cap of $908.11 million, a P/E ratio of -4.67 and a beta of 0.40. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.36.

James River Group (NASDAQ:JRVRGet Rating) last released its quarterly earnings results on Monday, February 28th. The insurance provider reported ($1.81) earnings per share for the quarter, missing the consensus estimate of $0.46 by ($2.27). James River Group had a negative net margin of 22.36% and a negative return on equity of 24.27%. The business had revenue of $207.34 million during the quarter, compared to analysts’ expectations of $198.57 million. During the same period in the previous year, the business earned ($0.95) EPS. The business’s revenue was up 6.8% on a year-over-year basis. On average, equities research analysts expect that James River Group will post 1.77 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Monday, March 14th were given a $0.05 dividend. The ex-dividend date was Friday, March 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.82%. James River Group’s dividend payout ratio is currently -3.85%.

In other news, CEO Frank D’orazio bought 50,000 shares of the stock in a transaction dated Thursday, March 3rd. The stock was bought at an average price of $20.64 per share, for a total transaction of $1,032,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sarah C. Doran bought 4,800 shares of the stock in a transaction dated Friday, March 4th. The stock was purchased at an average price of $20.16 per share, with a total value of $96,768.00. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 79,715 shares of company stock worth $1,638,038. Corporate insiders own 2.80% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in JRVR. Teacher Retirement System of Texas lifted its stake in shares of James River Group by 26.0% in the 4th quarter. Teacher Retirement System of Texas now owns 7,370 shares of the insurance provider’s stock valued at $212,000 after purchasing an additional 1,521 shares during the period. Citizens Financial Group Inc RI purchased a new position in shares of James River Group in the 3rd quarter valued at approximately $243,000. AlphaCrest Capital Management LLC purchased a new position in shares of James River Group in the 3rd quarter valued at approximately $252,000. ProShare Advisors LLC lifted its stake in shares of James River Group by 62.2% in the 4th quarter. ProShare Advisors LLC now owns 9,169 shares of the insurance provider’s stock valued at $265,000 after purchasing an additional 3,515 shares during the period. Finally, Jefferies Group LLC purchased a new position in James River Group during the third quarter valued at $268,000. Institutional investors own 98.75% of the company’s stock.

James River Group Company Profile (Get Rating)

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. It operates through Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.

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Analyst Recommendations for James River Group (NASDAQ:JRVR)

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