James River Group (NASDAQ:JRVR) Rating Lowered to “Hold” at Wall Street Zen

James River Group (NASDAQ:JRVR) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts also recently issued reports about the stock. Zacks Research upgraded shares of James River Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “sell (d-)” rating on shares of James River Group in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.06.

James River Group Stock Down 0.2%

JRVR opened at $5.95 on Friday. The stock has a fifty day moving average of $5.52 and a 200-day moving average of $5.61. The company has a market capitalization of $273.52 million, a P/E ratio of -2.86 and a beta of 0.01. James River Group has a fifty-two week low of $3.00 and a fifty-two week high of $6.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.64 and a current ratio of 0.64.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Monday, November 3rd. The insurance provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The business had revenue of $172.74 million for the quarter, compared to analyst estimates of $179.21 million. James River Group had a negative net margin of 7.64% and a positive return on equity of 7.11%. On average, equities analysts expect that James River Group will post -0.35 EPS for the current year.

Institutional Investors Weigh In On James River Group

Large investors have recently modified their holdings of the business. Cantor Fitzgerald L. P. raised its holdings in shares of James River Group by 37.5% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 434,657 shares of the insurance provider’s stock worth $2,412,000 after buying an additional 118,657 shares in the last quarter. PharVision Advisers LLC acquired a new stake in James River Group in the third quarter valued at about $59,000. Zimmer Partners LP grew its position in James River Group by 53.8% in the third quarter. Zimmer Partners LP now owns 4,591,638 shares of the insurance provider’s stock valued at $25,484,000 after acquiring an additional 1,605,828 shares during the last quarter. Brooklyn Investment Group raised its stake in James River Group by 1,340.7% during the third quarter. Brooklyn Investment Group now owns 39,231 shares of the insurance provider’s stock worth $218,000 after acquiring an additional 36,508 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in James River Group by 30.2% during the third quarter. Two Sigma Investments LP now owns 275,753 shares of the insurance provider’s stock worth $1,530,000 after acquiring an additional 63,914 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.

About James River Group

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.