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 seven analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $6.0625.

A number of research firms have recently issued reports on JRVR. Wall Street Zen upgraded shares of James River Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Zacks Research raised shares of James River Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of James River Group in a research report on Monday, November 17th.

James River Group Price Performance

Shares of JRVR opened at $5.73 on Friday. James River Group has a 52 week low of $3.00 and a 52 week high of $6.27. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.45. The firm has a market cap of $263.41 million, a price-to-earnings ratio of -2.75 and a beta of 0.03. The stock has a 50 day moving average of $5.44 and a 200-day moving average of $5.56.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Monday, November 3rd. The insurance provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.06. The firm had revenue of $172.74 million for the quarter, compared to analysts’ expectations of $179.21 million. James River Group had a positive return on equity of 7.11% and a negative net margin of 7.64%. As a group, analysts forecast that James River Group will post -0.35 EPS for the current year.

James River Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, December 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.7%. James River Group’s payout ratio is currently -1.92%.

Hedge Funds Weigh In On James River Group

A number of institutional investors and hedge funds have recently bought and sold shares of JRVR. Zimmer Partners LP boosted its stake in James River Group by 684.4% during 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 in the last quarter. Boston Partners lifted its stake in James River Group by 34.0% during the second quarter. Boston Partners now owns 685,597 shares of the insurance provider’s stock valued at $4,018,000 after buying an additional 173,981 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in shares of James River Group by 47.8% in the second quarter. Kennedy Capital Management LLC now owns 432,568 shares of the insurance provider’s stock worth $2,535,000 after buying an additional 139,883 shares during the period. Cantor Fitzgerald L. P. increased its position in shares of James River Group by 37.5% in the third quarter. Cantor Fitzgerald L. P. now owns 434,657 shares of the insurance provider’s stock worth $2,412,000 after acquiring an additional 118,657 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of James River Group during the first quarter valued at approximately $455,000. 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.