Brokerages Set James River Group Holdings, Ltd. (NASDAQ:JRVR) Target Price at $7.25

James River Group Holdings, Ltd. (NASDAQ:JRVR) has been assigned a consensus rating of “Hold” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $7.25.

JRVR has been the topic of several recent analyst reports. Zacks Research lowered James River Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen upgraded James River Group from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Weiss Ratings upgraded James River Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, Truist Financial raised their target price on shares of James River Group from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd.

James River Group Stock Up 0.2%

Shares of James River Group stock opened at $6.26 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.42. The stock has a market cap of $287.77 million, a PE ratio of 8.58 and a beta of -0.02. The business has a fifty day simple moving average of $6.46 and a 200 day simple moving average of $6.19. James River Group has a 12 month low of $4.28 and a 12 month high of $7.20.

James River Group (NASDAQ:JRVR) last released its quarterly earnings data on Tuesday, March 3rd. The insurance provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $167.75 million for the quarter, compared to the consensus estimate of $171.98 million. James River Group had a return on equity of 12.01% and a net margin of 6.90%. Research analysts predict that James River Group will post 1.2 EPS for the current year.

James River Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.04 annualized dividend and a dividend yield of 0.6%. James River Group’s dividend payout ratio is currently 5.48%.

Hedge Funds Weigh In On James River Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC increased its holdings in James River Group by 173.9% during the 4th quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 4,909 shares in the last quarter. PharVision Advisers LLC bought a new stake in shares of James River Group in the third quarter valued at about $59,000. R Squared Ltd acquired a new position in shares of James River Group during the third quarter worth about $60,000. Cerity Partners LLC bought a new position in shares of James River Group during the second quarter worth about $61,000. Finally, M&T Bank Corp bought a new position in shares of James River Group during the fourth quarter worth about $65,000. 95.21% of the stock is owned by institutional investors and hedge funds.

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.