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

James River Group Holdings, Ltd. (NASDAQ:JRVR) has been given a consensus rating of “Hold” by the five ratings firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $6.06.

JRVR has been the topic of several research reports. Compass Point decreased their price target on shares of James River Group from $7.75 to $6.25 and set a “buy” rating on the stock in a report on Monday, March 10th. JMP Securities decreased their target price on shares of James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a research note on Friday, December 20th. StockNews.com downgraded James River Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. Keefe, Bruyette & Woods lowered their target price on James River Group from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, March 13th. Finally, Truist Financial cut their price target on James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Tuesday, March 11th.

Hedge Funds Weigh In On James River Group

A number of hedge funds have recently made changes to their positions in JRVR. Quantinno Capital Management LP acquired a new stake in James River Group during the 3rd quarter valued at approximately $122,000. Jane Street Group LLC raised its stake in James River Group by 39.5% during the third quarter. Jane Street Group LLC now owns 90,838 shares of the insurance provider’s stock worth $570,000 after buying an additional 25,738 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in James River Group in the third quarter valued at $320,000. Barclays PLC boosted its position in James River Group by 288.2% during the third quarter. Barclays PLC now owns 43,940 shares of the insurance provider’s stock valued at $275,000 after acquiring an additional 32,621 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in James River Group by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 195,791 shares of the insurance provider’s stock worth $1,228,000 after acquiring an additional 3,433 shares during the period. 95.21% of the stock is currently owned by institutional investors.

James River Group Stock Up 6.5 %

NASDAQ JRVR opened at $4.44 on Monday. The business has a fifty day moving average price of $4.34 and a two-hundred day moving average price of $4.98. The stock has a market capitalization of $202.66 million, a PE ratio of -1.10 and a beta of 0.04. James River Group has a fifty-two week low of $3.00 and a fifty-two week high of $9.56. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.66). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The business had revenue of $126.71 million for the quarter, compared to the consensus estimate of $159.91 million. During the same quarter in the prior year, the company earned $0.33 earnings per share. Equities analysts expect that James River Group will post -0.35 earnings per share for the current fiscal year.

James River Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.90%. James River Group’s dividend payout ratio (DPR) is presently -1.38%.

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.