James River Group (NASDAQ:JRVR) Downgraded to “Sell” Rating by StockNews.com

James River Group (NASDAQ:JRVR) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

A number of other equities research analysts also recently weighed in on the company. Truist Financial lowered their price target on James River Group from $6.00 to $5.00 and set a “hold” rating for the company in a report on Tuesday, March 11th. Compass Point lowered their price objective on James River Group from $7.75 to $6.25 and set a “buy” rating for the company in a research note on Monday, March 10th. JMP Securities lowered their price objective on James River Group from $11.00 to $8.00 and set a “market outperform” rating for the company in a research note on Friday, December 20th. Citigroup restated a “hold” rating on shares of James River Group in a research note on Tuesday, March 11th. Finally, Keefe, Bruyette & Woods lowered their price objective on James River Group from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.06.

James River Group Price Performance

Shares of NASDAQ JRVR opened at $3.91 on Tuesday. James River Group has a twelve month low of $3.00 and a twelve month high of $9.56. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $178.47 million, a price-to-earnings ratio of -0.97 and a beta of 0.04. The business has a 50 day simple moving average of $4.59 and a 200-day simple moving average of $5.30.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.66). James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. The firm had revenue of $126.71 million during the quarter, compared to the consensus estimate of $159.91 million. During the same quarter last year, the firm posted $0.33 earnings per share. As a group, equities research analysts expect that James River Group will post -0.35 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Aquatic Capital Management LLC acquired a new position in James River Group during the 4th quarter worth $41,000. ProShare Advisors LLC acquired a new stake in shares of James River Group in the fourth quarter valued at $51,000. Quantbot Technologies LP lifted its holdings in shares of James River Group by 24.8% in the fourth quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider’s stock valued at $61,000 after buying an additional 2,498 shares during the period. Intech Investment Management LLC acquired a new stake in shares of James River Group in the fourth quarter valued at $68,000. Finally, SG Americas Securities LLC lifted its holdings in shares of James River Group by 41.6% in the fourth quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock valued at $76,000 after buying an additional 4,586 shares during the period. Institutional investors and hedge funds own 95.21% of the company’s stock.

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.