James River Group Holdings, Ltd. (NASDAQ:JRVR) Given Average Rating of “Hold” by Analysts

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have earned a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $6.06.

A number of research analysts recently weighed in on the company. JMP Securities reissued a “market outperform” rating and set a $8.00 target price on shares of James River Group in a report on Tuesday. StockNews.com upgraded James River Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Truist Financial decreased their target price on shares of James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Tuesday, March 11th. Citigroup reiterated a “hold” rating on shares of James River Group in a report on Tuesday, March 11th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of James River Group from $6.00 to $5.00 and set a “market perform” rating on the stock in a research report on Thursday, March 13th.

James River Group Price Performance

Shares of NASDAQ JRVR opened at $4.77 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50-day moving average of $4.23 and a 200-day moving average of $4.74. The stock has a market capitalization of $217.49 million, a price-to-earnings ratio of -1.18 and a beta of 0.02. James River Group has a fifty-two week low of $3.00 and a fifty-two week high of $9.09.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Monday, May 5th. The insurance provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The company had revenue of $172.29 million for the quarter, compared to the consensus estimate of $184.15 million. James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. As a group, sell-side analysts predict that James River Group will post -0.35 earnings per share for the current fiscal year.

James River Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Monday, June 9th. James River Group’s payout ratio is -1.29%.

Institutional Trading of James River Group

Several large investors have recently made changes to their positions in the company. Gallatin Point Capital LLC acquired a new stake in James River Group in the fourth quarter valued at approximately $28,535,000. T. Rowe Price Investment Management Inc. raised its holdings in James River Group by 2.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,739,840 shares of the insurance provider’s stock worth $18,214,000 after buying an additional 83,839 shares during the last quarter. RBF Capital LLC lifted its stake in shares of James River Group by 3.7% in the fourth quarter. RBF Capital LLC now owns 1,113,149 shares of the insurance provider’s stock valued at $5,421,000 after buying an additional 39,321 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of James River Group by 9.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,111,291 shares of the insurance provider’s stock valued at $5,412,000 after buying an additional 93,348 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of James River Group by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 860,139 shares of the insurance provider’s stock valued at $4,190,000 after buying an additional 59,763 shares during the last quarter. 95.21% of the stock is currently owned by institutional investors and hedge funds.

James River Group Company Profile

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.