Analysts Set James River Group Holdings, Ltd. (NASDAQ:JRVR) Price Target at $12.33

James River Group Holdings, Ltd. (NASDAQ:JRVR) has received a consensus rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $12.33.

JRVR has been the subject of a number of recent analyst reports. Truist Financial dropped their price target on James River Group from $15.00 to $11.00 and set a “hold” rating for the company in a report on Friday, March 1st. JMP Securities reissued a “market outperform” rating and issued a $15.00 target price on shares of James River Group in a research note on Monday, April 15th. Compass Point upgraded James River Group from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Friday, March 22nd. Keefe, Bruyette & Woods reduced their price target on James River Group from $11.00 to $9.00 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. Finally, UBS Group reduced their price target on James River Group from $34.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th.

Hedge Funds Weigh In On James River Group

Several institutional investors and hedge funds have recently made changes to their positions in JRVR. Allspring Global Investments Holdings LLC boosted its stake in shares of James River Group by 24,641.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 24,247 shares of the insurance provider’s stock valued at $225,000 after buying an additional 24,149 shares during the period. Los Angeles Capital Management LLC lifted its stake in James River Group by 9.4% during the first quarter. Los Angeles Capital Management LLC now owns 40,830 shares of the insurance provider’s stock worth $380,000 after purchasing an additional 3,500 shares during the last quarter. Aristides Capital LLC bought a new stake in James River Group during the fourth quarter worth $264,000. Aigen Investment Management LP lifted its stake in James River Group by 172.8% during the fourth quarter. Aigen Investment Management LP now owns 30,088 shares of the insurance provider’s stock worth $278,000 after purchasing an additional 19,057 shares during the last quarter. Finally, Trexquant Investment LP lifted its stake in James River Group by 135.6% during the fourth quarter. Trexquant Investment LP now owns 105,551 shares of the insurance provider’s stock worth $975,000 after purchasing an additional 60,741 shares during 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 $8.99 on Wednesday. The business has a 50 day moving average price of $9.09 and a 200 day moving average price of $9.95. James River Group has a twelve month low of $6.35 and a twelve month high of $22.15. The company has a market cap of $338.56 million, a price-to-earnings ratio of -3.98 and a beta of 0.18. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.42.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Wednesday, February 28th. The insurance provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10). The firm had revenue of $218.10 million during the quarter, compared to the consensus estimate of $216.80 million. James River Group had a positive return on equity of 13.75% and a negative net margin of 10.80%. Research analysts predict that James River Group will post 1.75 earnings per share for the current year.

James River Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 11th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, March 8th. James River Group’s payout ratio is -8.85%.

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.