James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives Consensus Rating of “Hold” from Analysts

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $6.40.

JRVR has been the topic of a number of recent research reports. Raymond James Financial set a $7.00 price target on shares of James River Group in a research note on Tuesday. Wall Street Zen cut shares of James River Group from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Compass Point lowered shares of James River Group from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a research note on Tuesday. Zacks Research upgraded James River Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of James River Group in a report on Monday.

James River Group Stock Up 0.4%

JRVR traded up $0.03 on Wednesday, reaching $6.64. The company’s stock had a trading volume of 34,514 shares, compared to its average volume of 256,337. James River Group has a fifty-two week low of $3.00 and a fifty-two week 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 company has a market capitalization of $305.01 million, a price-to-earnings ratio of -3.20 and a beta of 0.01. The stock has a 50 day moving average of $5.65 and a two-hundred day moving average of $5.65.

James River Group (NASDAQ:JRVR) last posted its earnings results on Monday, November 3rd. The insurance provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.06. James River Group had a negative net margin of 7.64% and a positive return on equity of 7.11%. The firm had revenue of $172.74 million during the quarter, compared to the consensus estimate of $179.21 million. As a group, analysts forecast that James River Group will post -0.35 EPS for the current fiscal year.

James River Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, December 15th. James River Group’s dividend payout ratio (DPR) is presently -1.92%.

Hedge Funds Weigh In On James River Group

Institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG purchased a new stake in James River Group in the 1st quarter valued at about $25,000. Nuveen LLC bought a new position in James River Group during the first quarter valued at approximately $455,000. Fuller & Thaler Asset Management Inc. boosted its stake in James River Group by 0.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,057,300 shares of the insurance provider’s stock valued at $8,641,000 after purchasing an additional 11,001 shares during the period. Interval Partners LP bought a new position in shares of James River Group during the 1st quarter worth about $275,000. Finally, Zimmer Partners LP increased its holdings in shares of James River Group by 684.4% during the first quarter. Zimmer Partners LP now owns 2,162,484 shares of the insurance provider’s stock worth $9,082,000 after buying an additional 1,886,781 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.

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.