James River Group (NASDAQ:JRVR) Stock Passes Above 50-Day Moving Average – What’s Next?

James River Group Holdings, Ltd. (NASDAQ:JRVR)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.61 and traded as high as $5.68. James River Group shares last traded at $5.65, with a volume of 181,076 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of James River Group from a “sell” rating to a “hold” rating in a research report on Friday, June 6th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.06.

James River Group Stock Up 1.4%

The stock’s fifty day moving average is $5.61 and its 200 day moving average is $5.23. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $259.45 million, a P/E ratio of -1.79 and a beta of 0.03.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings results on Monday, August 4th. The insurance provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $152.61 million during the quarter, compared to analyst estimates of $176.46 million. James River Group had a negative net margin of 13.50% and a negative return on equity of 1.97%. Research analysts predict that James River Group Holdings, Ltd. will post -0.35 EPS for the current fiscal year.

James River Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, September 15th. James River Group’s dividend payout ratio (DPR) is presently -1.27%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Zimmer Partners LP increased its stake in shares of James River Group by 684.4% in the 1st quarter. Zimmer Partners LP now owns 2,162,484 shares of the insurance provider’s stock worth $9,082,000 after acquiring an additional 1,886,781 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of James River Group by 0.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,057,300 shares of the insurance provider’s stock worth $8,641,000 after acquiring an additional 11,001 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of James River Group by 10.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock worth $5,875,000 after acquiring an additional 95,351 shares in the last quarter. Boston Partners increased its stake in shares of James River Group by 34.0% in the 2nd quarter. Boston Partners now owns 685,597 shares of the insurance provider’s stock worth $4,018,000 after acquiring an additional 173,981 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its stake in shares of 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 worth $2,535,000 after acquiring an additional 139,883 shares in the last quarter. 95.21% of the stock is currently owned by institutional investors.

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.