James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives $7.25 Consensus PT from Analysts

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $7.25.

A number of research analysts have issued reports on JRVR shares. Compass Point cut James River Group from a “buy” rating to a “neutral” rating and set a $7.00 target price on the stock. in a research report on Tuesday, December 16th. Raymond James Financial set a $7.00 target price on shares of James River Group in a report on Tuesday, December 16th. Wall Street Zen raised shares of James River Group from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Zacks Research cut shares of James River Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Truist Financial increased their price objective on shares of James River Group from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd.

James River Group Price Performance

NASDAQ JRVR opened at $6.15 on Friday. The business has a fifty day moving average price of $6.64 and a two-hundred day moving average price of $6.09. The stock has a market capitalization of $282.72 million, a PE ratio of 8.42 and a beta of -0.06. James River Group has a fifty-two week low of $3.85 and a fifty-two week high of $7.20. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.65 and a quick ratio of 0.65.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings results on Tuesday, March 3rd. The insurance provider reported $0.30 earnings per share (EPS) 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 12.01%. The business had revenue of $167.75 million during the quarter, compared to the consensus estimate of $171.98 million. Equities analysts expect that James River Group will post -0.35 earnings per share for the current fiscal year.

James River Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, March 13th. James River Group’s dividend payout ratio is presently 5.48%.

Institutional Investors Weigh In On James River Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Enstar Group LTD acquired a new position in James River Group in the 4th quarter worth about $16,477,000. Zimmer Partners LP boosted its stake in shares of James River Group by 53.8% during the third quarter. Zimmer Partners LP now owns 4,591,638 shares of the insurance provider’s stock valued at $25,484,000 after purchasing an additional 1,605,828 shares in the last quarter. Donald Smith & CO. Inc. boosted its stake in shares of James River Group by 434.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,671,220 shares of the insurance provider’s stock valued at $10,629,000 after purchasing an additional 1,358,785 shares in the last quarter. Flax Pond Capital LLC bought a new stake in shares of James River Group during the fourth quarter worth about $3,427,000. Finally, Kennedy Capital Management LLC bought a new stake in shares of James River Group during the fourth quarter worth about $3,117,000. Institutional investors own 95.21% of the company’s stock.

About James River Group

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.