James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives $6.40 Average Target Price from Brokerages

James River Group Holdings, Ltd. (NASDAQ:JRVR) has been assigned an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $6.80.

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of James River Group from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Raymond James Financial set a $7.00 price objective on shares of James River Group in a research note on Tuesday, December 16th. Weiss Ratings restated a “sell (d-)” rating on shares of James River Group in a research report on Monday, December 29th. Compass Point downgraded shares of James River Group from a “buy” rating to a “neutral” rating and set a $7.00 price target for the company. in a report on Tuesday, December 16th. Finally, Zacks Research lowered James River Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th.

James River Group Trading Up 4.0%

Shares of JRVR stock opened at $6.94 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $319.03 million, a price-to-earnings ratio of 9.51 and a beta of -0.06. James River Group has a 12-month low of $3.46 and a 12-month high of $7.20. The stock’s 50-day moving average price is $6.65 and its 200-day moving average price is $6.00.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Monday, March 2nd. The insurance provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). James River Group had a net margin of 6.90% and a return on equity of 12.86%. The firm had revenue of $167.75 million for the quarter, compared to analysts’ expectations of $171.98 million. Equities research analysts predict that James River Group will post -0.35 EPS for the current fiscal year.

James River Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.04 annualized dividend and a dividend yield of 0.6%. James River Group’s payout ratio is currently -1.92%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of JRVR. Clearstead Advisors LLC boosted its position in James River Group by 173.9% in the 4th quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider’s stock valued at $49,000 after buying an additional 4,909 shares during the period. PharVision Advisers LLC bought a new stake in shares of James River Group during the third quarter valued at approximately $59,000. R Squared Ltd bought a new stake in shares of James River Group during the third quarter valued at approximately $60,000. Cerity Partners LLC purchased a new stake in shares of James River Group in the second quarter valued at approximately $61,000. Finally, M&T Bank Corp bought a new position in James River Group in the fourth quarter worth approximately $65,000. 95.21% of the stock is owned by hedge funds and other 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.