James River Group (NASDAQ:JRVR) Stock Price Down 3.6%

James River Group Holdings, Ltd. (NASDAQ:JRVRGet Rating)’s stock price dropped 3.6% during trading on Friday . The stock traded as low as $21.10 and last traded at $21.10. Approximately 5,736 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 142,055 shares. The stock had previously closed at $21.88.

Wall Street Analyst Weigh In

JRVR has been the subject of a number of analyst reports. Compass Point cut James River Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $30.00 to $28.50 in a report on Wednesday, November 2nd. StockNews.com upgraded James River Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 8th. Finally, Barclays dropped their price target on shares of James River Group from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, October 14th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, James River Group presently has a consensus rating of “Hold” and a consensus target price of $29.90.

James River Group Price Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.59 and a quick ratio of 0.59. The company has a fifty day moving average price of $22.41 and a 200 day moving average price of $23.17. The company has a market capitalization of $788.91 million, a P/E ratio of -13.25 and a beta of 0.40.

James River Group (NASDAQ:JRVRGet Rating) last issued its quarterly earnings data on Tuesday, November 1st. The insurance provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. James River Group had a negative net margin of 7.33% and a negative return on equity of 2.76%. The firm had revenue of $201.23 million for the quarter, compared to the consensus estimate of $203.00 million. On average, sell-side analysts forecast that James River Group Holdings, Ltd. will post 1.8 EPS for the current fiscal year.

James River Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Monday, December 12th were given a $0.05 dividend. The ex-dividend date was Friday, December 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.95%. James River Group’s dividend payout ratio (DPR) is -12.58%.

Insider Activity

In other James River Group news, Director Kirstin Gould purchased 3,000 shares of the business’s stock in a transaction on Friday, November 4th. The stock was bought at an average cost of $23.05 per share, with a total value of $69,150.00. Following the acquisition, the director now owns 9,589 shares of the company’s stock, valued at $221,026.45. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Texas Permanent School Fund boosted its position in shares of James River Group by 2.4% in the 2nd quarter. Texas Permanent School Fund now owns 27,068 shares of the insurance provider’s stock valued at $671,000 after purchasing an additional 630 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of James River Group by 17.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 6,289 shares of the insurance provider’s stock valued at $156,000 after buying an additional 915 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in James River Group in the second quarter worth approximately $25,000. Yousif Capital Management LLC lifted its stake in James River Group by 3.0% in the first quarter. Yousif Capital Management LLC now owns 34,965 shares of the insurance provider’s stock valued at $865,000 after acquiring an additional 1,027 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its stake in shares of James River Group by 218.7% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,654 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 1,135 shares during the last quarter. Institutional investors and hedge funds own 99.69% of the company’s stock.

About James River Group

(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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