James River Group (NASDAQ:JRVR) Rating Lowered to Sell at StockNews.com

James River Group (NASDAQ:JRVR) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

JRVR has been the topic of several other reports. 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. Citigroup reaffirmed a “hold” rating on shares of James River Group in a research note on Tuesday, March 11th. Compass Point reduced their price target on James River Group from $7.75 to $6.25 and set a “buy” rating on the stock in a report on Monday, March 10th. Keefe, Bruyette & Woods lowered their price target on James River Group from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Thursday, March 13th. Finally, Truist Financial cut their price objective on James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.06.

James River Group Stock Up 4.3 %

JRVR stock opened at $4.36 on Wednesday. The company’s 50 day moving average is $4.53 and its 200 day moving average is $5.20. 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 stock has a market cap of $199.01 million, a price-to-earnings ratio of -1.08 and a beta of 0.04. James River Group has a 1-year low of $3.00 and a 1-year high of $9.56.

James River Group (NASDAQ:JRVR) last released its earnings results on Monday, March 3rd. The insurance provider reported ($0.99) EPS for the quarter, missing the consensus estimate 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 business had revenue of $126.71 million for the quarter, compared to the consensus estimate of $159.91 million. During the same period in the prior year, the business posted $0.33 EPS. Sell-side analysts predict that James River Group will post -0.35 EPS for the current fiscal year.

Institutional Investors Weigh In On James River Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Gallatin Point Capital LLC purchased a new stake in James River Group in the 4th quarter worth approximately $28,535,000. T. Rowe Price Investment Management Inc. grew its position in shares of James River Group by 2.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,739,840 shares of the insurance provider’s stock worth $18,214,000 after purchasing an additional 83,839 shares in the last quarter. RBF Capital LLC grew its position in shares of James River Group by 3.7% during the fourth quarter. RBF Capital LLC now owns 1,113,149 shares of the insurance provider’s stock worth $5,421,000 after purchasing an additional 39,321 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of James River Group by 9.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,111,291 shares of the insurance provider’s stock worth $5,412,000 after buying an additional 93,348 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of James River Group by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 860,139 shares of the insurance provider’s stock worth $4,190,000 after acquiring an additional 59,763 shares during the last quarter. Hedge funds and other institutional investors 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.