James River Group (NASDAQ:JRVR) Stock Crosses Below 200 Day Moving Average – What’s Next?

James River Group Holdings, Ltd. (NASDAQ:JRVR)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.15 and traded as low as $4.01. James River Group shares last traded at $4.01, with a volume of 247,913 shares trading hands.

Analyst Upgrades and Downgrades

JRVR has been the topic of a number of research reports. Truist Financial lowered their target price on James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, August 12th. Zacks Research upgraded shares of James River Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Citigroup downgraded shares of James River Group from a “hold” rating to a “market perform” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of James River Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of James River Group from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $5.75.

James River Group Stock Up 2.1%

The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $189.86 million, a PE ratio of 10.81 and a beta of -0.21. The stock’s fifty day simple moving average is $4.40 and its 200-day simple moving average is $5.13.

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 net margin of 4.68% and a return on equity of 9.93%. The firm had revenue of $161.34 million for the quarter, compared to the consensus estimate of $135.50 million. As a group, sell-side analysts forecast that James River Group Holdings, Ltd. will post 0.65 EPS for the current fiscal year.

James River Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, September 15th. James River Group’s dividend payout ratio (DPR) is 10.53%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Cerity Partners LLC grew its position in shares of James River Group by 15.5% during the 4th quarter. Cerity Partners LLC now owns 15,388 shares of the insurance provider’s stock valued at $98,000 after acquiring an additional 2,062 shares during the period. Ameriprise Financial Inc. grew its holdings in James River Group by 2.5% during the second quarter. Ameriprise Financial Inc. now owns 97,492 shares of the insurance provider’s stock valued at $571,000 after purchasing an additional 2,357 shares during the period. Jane Street Group LLC increased its position in James River Group by 13.0% in the first quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider’s stock worth $106,000 after buying an additional 2,918 shares during the last quarter. Barclays PLC increased its position in James River Group by 6.1% in the fourth quarter. Barclays PLC now owns 60,941 shares of the insurance provider’s stock worth $388,000 after buying an additional 3,528 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of James River Group by 176.0% in the second quarter. Versant Capital Management Inc now owns 6,179 shares of the insurance provider’s stock valued at $27,000 after buying an additional 3,940 shares during the period. Institutional investors 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.