James River Group (NASDAQ:JRVR) Lowered to Hold Rating by 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 report released on Sunday.

A number of other brokerages have also weighed in on JRVR. Zacks Research lowered shares of James River Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Raymond James Financial set a $7.00 price target on James River Group in a research note on Tuesday, December 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of James River Group in a report on Monday, December 29th. Finally, Compass Point cut James River Group from a “buy” rating to a “neutral” rating and set a $7.00 target price for the company. in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, James River Group presently has an average rating of “Hold” and an average target price of $6.40.

James River Group Stock Performance

James River Group stock opened at $6.66 on Friday. James River Group has a 12-month low of $3.00 and a 12-month high of $6.89. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $6.25 and its two-hundred day moving average price is $5.78. The stock has a market cap of $306.16 million, a PE ratio of -3.20 and a beta of -0.02.

James River Group (NASDAQ:JRVR) last posted its 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 firm had revenue of $172.74 million during the quarter, compared to analysts’ expectations of $179.21 million. James River Group had a negative net margin of 7.64% and a positive return on equity of 7.11%. As a group, analysts expect that James River Group will post -0.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On James River Group

Hedge funds have recently added to or reduced their stakes in the business. Sowell Financial Services LLC boosted its holdings in shares of James River Group by 76.6% during the 4th quarter. Sowell Financial Services LLC now owns 26,496 shares of the insurance provider’s stock worth $169,000 after buying an additional 11,496 shares in the last quarter. FNY Investment Advisers LLC increased its stake in shares of James River Group by 87.1% in the 4th quarter. FNY Investment Advisers LLC now owns 44,767 shares of the insurance provider’s stock valued at $284,000 after acquiring an additional 20,844 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of James River Group by 13.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,142 shares of the insurance provider’s stock valued at $93,000 after acquiring an additional 1,772 shares during the period. JPMorgan Chase & Co. boosted its stake in James River Group by 81.5% during the third quarter. JPMorgan Chase & Co. now owns 156,324 shares of the insurance provider’s stock worth $868,000 after acquiring an additional 70,183 shares in the last quarter. Finally, Cantor Fitzgerald L. P. boosted its stake in James River Group by 37.5% during 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. 95.21% of the stock is currently owned by institutional investors.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.