James River Group (NASDAQ:JRVR) Stock Passes Below 50 Day Moving Average – What’s Next?

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVRGet Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $4.38 and traded as low as $4.01. James River Group shares last traded at $4.03, with a volume of 280,633 shares.

Analyst Ratings Changes

A number of research firms recently weighed in on JRVR. Truist Financial dropped 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 Wednesday, August 12th. Zacks Research upgraded shares of James River Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. UBS Group dropped their price objective on shares of James River Group from $4.75 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, August 17th. Wall Street Zen upgraded shares of James River Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Finally, Weiss Ratings raised shares of James River Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Six analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, James River Group presently has an average rating of “Reduce” and a consensus price target of $5.75.

Read Our Latest Stock Analysis on James River Group

James River Group Stock Performance

The firm has a market capitalization of $178.02 million, a price-to-earnings ratio of 10.13 and a beta of -0.21. The company has a fifty day moving average of $4.36 and a two-hundred day moving average of $4.99. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.63 and a current ratio of 0.63.

James River Group (NASDAQ:JRVRGet Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The insurance provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). The firm had revenue of $161.34 million during the quarter, compared to analyst estimates of $135.50 million. James River Group had a net margin of 4.68% and a return on equity of 9.93%. As a group, equities research analysts predict that James River Group Holdings, Ltd. will post 0.65 earnings per share for the current fiscal year.

James River Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.01 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. James River Group’s dividend payout ratio is 10.53%.

Institutional Trading of James River Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc grew its position in shares of James River Group by 176.0% during the 2nd quarter. Versant Capital Management Inc now owns 6,179 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 3,940 shares in the last quarter. Clearstead Advisors LLC raised its holdings in James River Group by 173.9% in the 4th quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 4,909 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of James River Group during the 4th quarter worth $65,000. Cerity Partners LLC bought a new position in shares of James River Group in the second quarter worth $61,000. Finally, PharVision Advisers LLC bought a new stake in James River Group during the third quarter worth about $59,000. Institutional investors and hedge funds own 95.21% of the company’s stock.

About James River Group

(Get Free Report)

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.

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