Shares of James River Group Holdings Ltd (NASDAQ:JRVR) have been assigned an average rating of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $45.00.
JRVR has been the subject of several research analyst reports. B. Riley set a $45.00 price target on James River Group and gave the company a “hold” rating in a report on Wednesday, August 7th. ValuEngine cut James River Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, BidaskClub cut James River Group from a “buy” rating to a “hold” rating in a report on Thursday, August 22nd.
NASDAQ JRVR traded down $0.30 during trading on Friday, hitting $49.44. 158,600 shares of the stock traded hands, compared to its average volume of 139,204. The company has a market capitalization of $1.55 billion, a P/E ratio of 21.22 and a beta of 0.49. The firm has a 50-day simple moving average of $48.77 and a 200-day simple moving average of $44.70. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.12. James River Group has a 12-month low of $34.08 and a 12-month high of $51.15.
James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $220.37 million during the quarter, compared to analysts’ expectations of $218.10 million. James River Group had a return on equity of 10.62% and a net margin of 8.50%. As a group, research analysts predict that James River Group will post 2.67 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, September 13th. James River Group’s payout ratio is 51.50%.
Several large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of James River Group by 13.7% in the 2nd quarter. Royal Bank of Canada now owns 31,441 shares of the insurance provider’s stock valued at $1,475,000 after purchasing an additional 3,777 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of James River Group in the 2nd quarter valued at approximately $492,000. Voloridge Investment Management LLC bought a new stake in shares of James River Group in the 2nd quarter valued at approximately $318,000. Nuveen Asset Management LLC bought a new stake in shares of James River Group in the 2nd quarter valued at approximately $13,870,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of James River Group by 0.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 525,409 shares of the insurance provider’s stock valued at $24,642,000 after purchasing an additional 2,630 shares during the last quarter. 98.18% of the stock is owned by institutional investors and hedge funds.
James River Group Company Profile
James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. Its Excess and Surplus Lines segment underwrites liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.
Further Reading: What is an economic bubble?
Receive News & Ratings for James River Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for James River Group and related companies with MarketBeat.com's FREE daily email newsletter.