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

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have received a consensus recommendation of “Hold” from the six research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $12.33.

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

James River Group Trading Down 0.2 %

NASDAQ JRVR opened at $9.26 on Wednesday. The company has a market cap of $348.73 million, a price-to-earnings ratio of -4.10 and a beta of 0.18. James River Group has a 52 week low of $6.35 and a 52 week high of $22.15. The business has a 50 day moving average price of $9.16 and a 200-day moving average price of $10.00. 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 announced its quarterly earnings results on Wednesday, February 28th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.10). James River Group had a positive return on equity of 13.75% and a negative net margin of 10.80%. The company had revenue of $218.10 million for the quarter, compared to the consensus estimate of $216.80 million. As a group, equities analysts expect that James River Group will post 1.75 earnings per share for the current fiscal year.

James River Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were paid a $0.05 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.20 dividend on an annualized basis and a yield of 2.16%. James River Group’s dividend payout ratio (DPR) is presently -8.85%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Swiss National Bank lifted its position in shares of James River Group by 1.2% during the 3rd quarter. Swiss National Bank now owns 82,699 shares of the insurance provider’s stock valued at $1,269,000 after buying an additional 1,000 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of James River Group by 2.1% during the 3rd quarter. New York State Common Retirement Fund now owns 51,269 shares of the insurance provider’s stock valued at $787,000 after buying an additional 1,043 shares during the last quarter. Graham Capital Management L.P. lifted its position in shares of James River Group by 11.1% during the 3rd quarter. Graham Capital Management L.P. now owns 19,155 shares of the insurance provider’s stock valued at $294,000 after buying an additional 1,920 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of James River Group by 68.7% during the 3rd quarter. Quantbot Technologies LP now owns 4,845 shares of the insurance provider’s stock valued at $74,000 after buying an additional 1,973 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in James River Group by 15.2% during the 3rd quarter. New York State Teachers Retirement System now owns 22,196 shares of the insurance provider’s stock worth $341,000 after purchasing an additional 2,936 shares in the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

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.