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

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have been assigned a consensus rating of “Reduce” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $7.00.

A number of brokerages have recently issued reports on JRVR. Citigroup cut James River Group from a “hold” rating to a “market perform” rating in a report on Tuesday, May 5th. Wall Street Zen cut James River Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Citizens Jmp reiterated a “market perform” rating on shares of James River Group in a report on Tuesday, May 5th. Truist Financial boosted their target price on James River Group from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Finally, Zacks Research cut James River Group from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th.

Institutional Trading of James River Group

Several large investors have recently bought and sold shares of the company. Zimmer Partners LP grew its position in James River Group by 53.8% in the third quarter. Zimmer Partners LP now owns 4,591,638 shares of the insurance provider’s stock valued at $25,484,000 after acquiring an additional 1,605,828 shares in the last quarter. Enstar Group LTD acquired a new stake in James River Group in the fourth quarter valued at approximately $16,477,000. Donald Smith & CO. Inc. grew its position in James River Group by 434.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,671,220 shares of the insurance provider’s stock valued at $10,629,000 after acquiring an additional 1,358,785 shares in the last quarter. RBF Capital LLC grew its position in James River Group by 5.0% in the fourth quarter. RBF Capital LLC now owns 1,050,000 shares of the insurance provider’s stock valued at $6,678,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in James River Group by 10.5% in the second quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock valued at $5,875,000 after acquiring an additional 95,351 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.

James River Group Price Performance

Shares of NASDAQ:JRVR opened at $4.15 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.64. James River Group has a 1 year low of $3.76 and a 1 year high of $7.20. The stock has a market capitalization of $191.90 million, a P/E ratio of 12.21 and a beta of -0.03. The stock has a 50-day simple moving average of $5.94 and a 200-day simple moving average of $6.16.

James River Group (NASDAQ:JRVR) last issued its earnings results on Monday, May 4th. The insurance provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $155.07 million. Equities analysts forecast that James River Group will post 0.8 earnings per share for the current year.

James River Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.01 per share. The ex-dividend date 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 payout ratio is presently 11.76%.

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.