James River Group Holdings, Ltd. (NASDAQ:JRVR) Stock Has Consensus Price Target of $5.75 According to Brokerages

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR – Get Free Report) have been given an average recommendation of “Reduce” by the seven analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $5.75.

JRVR has been the subject of a number of research reports. 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. Truist Financial dropped their price objective on shares of James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Wednesday, August 12th. UBS Group cut their price objective on shares of James River Group from $4.75 to $4.00 and set a “neutral” rating for the company in a research report on Monday, August 17th. Wall Street Zen upgraded James River Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Finally, Zacks Research upgraded shares of James River Group from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th.

Read Our Latest Stock Analysis on JRVR

Hedge Funds Weigh In On James River Group

Large investors have recently added to or reduced their stakes in the company. Enstar Group LTD acquired a new position in James River Group during the fourth quarter worth approximately $16,477,000. Donald Smith & CO. Inc. bought a new position in shares of James River Group in the second quarter worth about $10,738,000. RBF Capital LLC lifted its stake in shares of James River Group by 7.5% in the 1st quarter. RBF Capital LLC now owns 1,128,525 shares of the insurance provider’s stock valued at $7,110,000 after acquiring an additional 78,525 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in James River Group by 9.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 845,243 shares of the insurance provider’s stock worth $5,325,000 after buying an additional 73,231 shares during the period. Finally, Flax Pond Capital LLC bought a new stake in shares of James River Group in the 4th quarter valued at about $3,427,000. Institutional investors own 95.21% of the company’s stock.

James River Group Stock Performance

Shares of NASDAQ JRVR opened at $3.53 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $4.21 and its two-hundred day moving average is $4.78. The company has a market cap of $163.26 million, a P/E ratio of 9.29 and a beta of -0.21. James River Group has a 12 month low of $3.52 and a 12 month high of $7.20.

James River Group (NASDAQ:JRVR – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The insurance provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.04). James River Group had a net margin of 4.68% and a return on equity of 9.93%. The business had revenue of $161.34 million during the quarter, compared to the consensus estimate of $135.50 million. On average, equities analysts expect that James River Group will post 0.65 EPS for the current year.

James River Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, September 15th. James River Group’s payout ratio is presently 10.53%.

About James River Group

(Get Free Report)

James River Group Holdings, Ltd. is a Bermuda-based specialty insurance holding company that operates primarily through insurance subsidiaries in the United States. The company provides specialty property and casualty insurance and reinsurance products for businesses and other insurance organizations.

James River’s operations have included excess and surplus lines, specialty admitted insurance and casualty reinsurance. Its products are designed for risks that may not be readily served by standard insurance markets and have included commercial automobile liability, general liability, workers’ compensation and other casualty coverages.

Further Reading

Analyst Recommendations for James River Group (NASDAQ:JRVR)

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