James River Group (NASDAQ:JRVR) Stock Rating Lowered by Zacks Research

James River Group (NASDAQ:JRVR) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other research firms have also weighed in on JRVR. Wall Street Zen lowered James River Group from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Compass Point cut James River Group from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a research note on Tuesday, December 16th. Raymond James Financial set a $7.00 target price on shares of James River Group in a report on Tuesday, December 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of James River Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.40.

James River Group Stock Performance

JRVR opened at $6.10 on Monday. James River Group has a 1-year low of $3.00 and a 1-year high of $6.89. The company has a market cap of $280.42 million, a price-to-earnings ratio of -2.93 and a beta of -0.02. The company’s fifty day moving average price is $5.96 and its two-hundred day moving average price is $5.71. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.45.

James River Group (NASDAQ:JRVR) last posted its earnings results on Monday, November 3rd. The insurance provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.26 by $0.06. James River Group had a negative net margin of 7.64% and a positive return on equity of 7.11%. The company had revenue of $172.74 million during the quarter, compared to the consensus estimate of $179.21 million. On average, analysts expect that James River Group will post -0.35 EPS for the current fiscal year.

Institutional Investors Weigh In On James River Group

Several large investors have recently modified their holdings of JRVR. Zimmer Partners LP raised its stake in shares of James River Group by 53.8% in the third quarter. Zimmer Partners LP now owns 4,591,638 shares of the insurance provider’s stock valued at $25,484,000 after buying an additional 1,605,828 shares during the period. Boston Partners raised its stake in James River Group by 34.0% in the 2nd quarter. Boston Partners now owns 685,597 shares of the insurance provider’s stock valued at $4,018,000 after acquiring an additional 173,981 shares during the period. Kennedy Capital Management LLC lifted its holdings in James River Group by 47.8% during the second quarter. Kennedy Capital Management LLC now owns 432,568 shares of the insurance provider’s stock valued at $2,535,000 after purchasing an additional 139,883 shares during the last quarter. Cantor Fitzgerald L. P. boosted its position in James River Group by 37.5% during the third quarter. Cantor Fitzgerald L. P. now owns 434,657 shares of the insurance provider’s stock worth $2,412,000 after purchasing an additional 118,657 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of James River Group by 10.5% in the second quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock worth $5,875,000 after purchasing an additional 95,351 shares in 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, 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.