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

James River Group Holdings, Ltd. (NASDAQ:JRVR) has earned an average rating of “Reduce” from the six research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $7.00.

Several research analysts recently weighed in on JRVR shares. Weiss Ratings downgraded shares of James River Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of James River Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research downgraded shares of James River Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Citizens Jmp reissued a “market perform” rating on shares of James River Group in a research note on Tuesday, May 5th. Finally, Citigroup downgraded shares of James River Group from a “hold” rating to a “market perform” rating in a research note on Tuesday, May 5th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Clearstead Advisors LLC increased its stake in shares of James River Group by 173.9% during the 4th quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 4,909 shares during the last quarter. PharVision Advisers LLC acquired a new position in shares of James River Group during the 3rd quarter valued at about $59,000. R Squared Ltd acquired a new position in shares of James River Group during the 3rd quarter valued at about $60,000. Cerity Partners LLC acquired a new position in shares of James River Group during the 2nd quarter valued at about $61,000. Finally, M&T Bank Corp acquired a new position in shares of James River Group during the 4th quarter valued at about $65,000. Institutional investors and hedge funds own 95.21% of the company’s stock.

James River Group Stock Performance

NASDAQ:JRVR opened at $4.15 on Friday. The company has a market capitalization of $191.90 million, a PE ratio of 12.21 and a beta of -0.03. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.44. James River Group has a 52-week low of $3.76 and a 52-week high of $7.20. The stock has a fifty day simple moving average of $5.94 and a 200-day simple moving average of $6.16.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Monday, May 4th. The insurance provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.15). James River Group had a return on equity of 10.79% and a net margin of 4.34%.The firm had revenue of $151.38 million for the quarter, compared to analyst estimates of $155.07 million. On average, equities research analysts expect that James River Group will post 0.8 earnings per share for the current fiscal year.

James River Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 8th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.0%. James River Group’s dividend payout ratio is currently 11.76%.

James River Group Company Profile

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.