James River Group Holdings, Ltd. (NASDAQ:JRVR) Stock Has Average Price Target of $5.75 According to Brokerages

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have earned an average recommendation of “Reduce” from the seven research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $5.75.

A number of analysts recently commented on JRVR shares. Zacks Research raised James River Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. UBS Group cut their target price on shares of James River Group from $4.75 to $4.00 and set a “neutral” rating for the company in a research note on Monday, August 17th. Truist Financial reduced 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 report on Wednesday, August 12th. Finally, Weiss Ratings raised shares of James River Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th.

Hedge Funds Weigh In On James River Group

Institutional investors and hedge funds have recently modified their holdings of the company. Donald Smith & CO. Inc. acquired a new stake in James River Group during the second quarter worth approximately $10,738,000. RBF Capital LLC grew its stake in James River Group by 7.5% in the 1st quarter. RBF Capital LLC now owns 1,128,525 shares of the insurance provider’s stock worth $7,110,000 after acquiring an additional 78,525 shares during the period. Dimensional Fund Advisors LP raised its holdings in James River Group by 9.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 845,243 shares of the insurance provider’s stock valued at $5,325,000 after acquiring an additional 73,231 shares during the last quarter. Flax Pond Capital LLC acquired a new position in James River Group in the 4th quarter valued at $3,427,000. Finally, Hillsdale Investment Management Inc. raised its holdings in James River Group by 45.5% in the 1st quarter. Hillsdale Investment Management Inc. now owns 448,860 shares of the insurance provider’s stock valued at $2,828,000 after acquiring an additional 140,400 shares during the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

James River Group Price Performance

James River Group stock traded up $0.06 during mid-day trading on Tuesday, hitting $3.71. 23,360 shares of the company were exchanged, compared to its average volume of 321,624. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.63 and a quick ratio of 0.63. The business’s 50 day simple moving average is $3.95 and its two-hundred day simple moving average is $4.54. The company has a market capitalization of $171.63 million, a P/E ratio of 9.78 and a beta of -0.17. James River Group has a 12-month low of $3.36 and a 12-month high of $7.20.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Tuesday, August 11th. The insurance provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). James River Group had a return on equity of 9.93% and a net margin of 4.68%. The company had revenue of $161.34 million during the quarter, compared to analyst estimates of $135.50 million. Analysts forecast that James River Group will post 0.65 earnings per share for the current fiscal year.

James River Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 15th. James River Group’s payout ratio is currently 10.53%.

About James River Group

James River Group Holdings, Ltd. (NASDAQ: JRVR) is a specialty insurance holding company that provides commercial casualty coverage and reinsurance through its operating subsidiaries. The company focuses on markets that are often underserved by standard insurance carriers, offering customized underwriting solutions for specialized risks.

Its insurance operations have included excess and surplus lines, specialty admitted insurance, and casualty reinsurance. Products and services have historically included commercial general liability, excess liability, workers’ compensation, and other specialty casualty coverages.