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

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR – Get Free Report) have earned a consensus rating of “Reduce” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $5.75.

Several equities analysts recently weighed in on JRVR shares. UBS Group dropped their price objective on James River Group from $4.75 to $4.00 and set a “neutral” rating for the company in a research note on Monday, August 17th. Weiss Ratings upgraded James River Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Zacks Research upgraded James River Group from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Truist Financial lowered their target price on James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Wednesday, August 12th.

Get Our Latest Stock Analysis on JRVR

Institutional Investors Weigh In On James River Group

Several institutional investors and hedge funds have recently made changes to their positions in JRVR. Versant Capital Management Inc grew its position in shares of James River Group by 176.0% in the second quarter. Versant Capital Management Inc now owns 6,179 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 3,940 shares during the last quarter. Canal Insurance CO purchased a new position in shares of James River Group during the 1st quarter worth approximately $189,000. Public Employees Retirement System of Ohio purchased a new position in shares of James River Group during the 2nd quarter worth approximately $141,000. Bank of America Corp DE raised its position in shares of James River Group by 22.0% during the 1st quarter. Bank of America Corp DE now owns 36,690 shares of the insurance provider’s stock worth $231,000 after purchasing an additional 6,608 shares during the last quarter. Finally, Bleakley Financial Group LLC acquired a new position in shares of James River Group during the 1st quarter worth approximately $253,000. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

James River Group Price Performance

JRVR traded up $0.06 on Tuesday, hitting $3.71. 23,360 shares of the company were exchanged, compared to its average volume of 321,624. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.63 and a current ratio of 0.63. The business’s fifty day moving average is $3.95 and its 200 day moving average is $4.54. James River Group has a fifty-two week low of $3.36 and a fifty-two week high of $7.20. The firm has a market capitalization of $171.63 million, a P/E ratio of 9.78 and a beta of -0.17.

James River Group (NASDAQ:JRVR – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). The company had revenue of $161.34 million for 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, sell-side analysts anticipate that James River Group will post 0.65 EPS for the current year.

James River Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid 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 of this dividend was Tuesday, September 15th. James River Group’s payout ratio is 10.53%.

About James River Group

(Get Free Report)

James River Group Holdings, Ltd. (NASDAQ: JRVR) is a specialty insurance holding company that provides commercial casualty coverage and reinsurance through its operating subsidiaries. The company focuses on markets that are often underserved by standard insurance carriers, offering customized underwriting solutions for specialized risks.

Its insurance operations have included excess and surplus lines, specialty admitted insurance, and casualty reinsurance. Products and services have historically included commercial general liability, excess liability, workers’ compensation, and other specialty casualty coverages.

Further Reading

Analyst Recommendations for James River Group (NASDAQ:JRVR)

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.