James River Group (NASDAQ:JRVR) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of James River Group (NASDAQ:JRVR) from a buy rating to a hold rating in a research report sent to investors on Sunday morning.

Other research analysts have also recently issued reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of James River Group in a report on Monday, December 29th. Zacks Research downgraded James River Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Raymond James Financial set a $7.00 price target on James River Group in a report on Tuesday, December 16th. Finally, Compass Point lowered James River Group from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a report on Tuesday, December 16th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.40.

James River Group Price Performance

Shares of NASDAQ JRVR opened at $6.58 on Friday. The stock has a fifty day moving average price of $6.29 and a 200 day moving average price of $5.80. James River Group has a 1-year low of $3.00 and a 1-year high of $6.89. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $302.48 million, a PE ratio of -3.16 and a beta of -0.02.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Monday, November 3rd. The insurance provider reported $0.32 earnings per share (EPS) 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 company had revenue of $172.74 million for the quarter, compared to analysts’ expectations of $179.21 million. Sell-side analysts forecast that James River Group will post -0.35 EPS for the current year.

James River Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, December 15th. James River Group’s dividend payout ratio (DPR) is -1.92%.

Institutional Investors Weigh In On James River Group

A number of large investors have recently bought and sold shares of JRVR. Boston Partners lifted its position in shares of James River Group by 34.0% in the second quarter. Boston Partners now owns 685,597 shares of the insurance provider’s stock valued at $4,018,000 after acquiring an additional 173,981 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in James River Group during the 2nd quarter worth about $99,000. Kennedy Capital Management LLC raised its stake in James River Group by 47.8% in the 2nd quarter. Kennedy Capital Management LLC now owns 432,568 shares of the insurance provider’s stock valued at $2,535,000 after purchasing an additional 139,883 shares during the last quarter. FNY Investment Advisers LLC lifted its holdings in James River Group by 70.2% in the 2nd quarter. FNY Investment Advisers LLC now owns 41,713 shares of the insurance provider’s stock valued at $244,000 after purchasing an additional 17,208 shares in the last quarter. Finally, Sowell Financial Services LLC lifted its holdings in James River Group by 76.6% in the 4th quarter. Sowell Financial Services LLC now owns 26,496 shares of the insurance provider’s stock valued at $169,000 after purchasing an additional 11,496 shares in the last quarter. Institutional investors and hedge funds 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.