Analysts Set James River Group Holdings, Ltd. (NASDAQ:JRVR) Price Target at $6.06

James River Group Holdings, Ltd. (NASDAQ:JRVR) has been given a consensus rating of “Hold” by the six research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $6.0625.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of James River Group in a report on Saturday, September 27th.

Institutional Investors Weigh In On James River Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Zimmer Partners LP boosted its position in James River Group by 684.4% in the first quarter. Zimmer Partners LP now owns 2,162,484 shares of the insurance provider’s stock valued at $9,082,000 after buying an additional 1,886,781 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in James River Group by 0.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,057,300 shares of the insurance provider’s stock valued at $8,641,000 after acquiring an additional 11,001 shares during the period. Geode Capital Management LLC boosted its holdings in shares of James River Group by 10.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock valued at $5,875,000 after acquiring an additional 95,351 shares during the last quarter. Boston Partners increased its stake in shares of James River Group by 34.0% in the second quarter. Boston Partners now owns 685,597 shares of the insurance provider’s stock worth $4,018,000 after acquiring an additional 173,981 shares during the period. Finally, Kennedy Capital Management LLC raised its holdings in shares of James River Group by 47.8% during the second quarter. Kennedy Capital Management LLC now owns 432,568 shares of the insurance provider’s stock worth $2,535,000 after purchasing an additional 139,883 shares during the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.

James River Group Stock Performance

Shares of James River Group stock opened at $5.59 on Friday. The company has a 50 day moving average price of $5.60 and a 200 day moving average price of $5.28. The firm has a market capitalization of $256.69 million, a P/E ratio of -1.77 and a beta of 0.01. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. James River Group has a 52 week low of $3.00 and a 52 week high of $7.19.

James River Group (NASDAQ:JRVR) last released its earnings results on Monday, August 4th. The insurance provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $152.61 million for the quarter, compared to the consensus estimate of $176.46 million. James River Group had a negative net margin of 13.50% and a negative return on equity of 1.97%. Sell-side analysts expect that James River Group will post -0.35 EPS for the current year.

James River Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.7%. James River Group’s dividend payout ratio is currently -1.27%.

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.