James River Group Holdings, Ltd. (NASDAQ:JRVR) Given Average Rating of “Reduce” by Brokerages

James River Group Holdings, Ltd. (NASDAQ:JRVRGet Free Report) has been assigned a consensus recommendation of “Reduce” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $6.4375.

A number of analysts have issued reports on the company. Citizens Jmp reaffirmed a “market perform” rating on shares of James River Group in a research note on Tuesday, May 5th. Weiss Ratings downgraded James River Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 20th. Zacks Research downgraded James River Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. UBS Group downgraded James River Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $8.00 to $4.75 in a research note on Tuesday, May 19th. Finally, Citigroup downgraded James River Group from a “hold” rating to a “market perform” rating in a research note on Tuesday, May 5th.

Read Our Latest Research Report on JRVR

James River Group Stock Down 0.2%

NASDAQ JRVR opened at $4.16 on Wednesday. The business has a fifty day moving average price of $4.94 and a 200 day moving average price of $5.94. James River Group has a one year low of $3.76 and a one year high of $7.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $192.35 million, a P/E ratio of 12.24 and a beta of -0.15.

James River Group (NASDAQ:JRVRGet Free Report) last issued its earnings results on Monday, May 4th. The insurance provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.15). James River Group had a return on equity of 10.79% and a net margin of 4.34%.The company had revenue of $151.38 million during the quarter, compared to analyst estimates of $155.07 million. Research analysts anticipate that James River Group will post 0.8 EPS for the current fiscal year.

James River Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 8th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.0%. James River Group’s dividend payout ratio (DPR) is 11.76%.

Institutional Trading of James River Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased 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. RBF Capital LLC increased its position in shares of James River Group by 7.5% during the 1st quarter. RBF Capital LLC now owns 1,128,525 shares of the insurance provider’s stock worth $7,110,000 after purchasing an additional 78,525 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of James River Group by 33.2% during the 1st quarter. Quantinno Capital Management LP now owns 102,164 shares of the insurance provider’s stock worth $644,000 after purchasing an additional 25,473 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of James River Group by 67.6% during the 1st quarter. Renaissance Technologies LLC now owns 43,400 shares of the insurance provider’s stock worth $273,000 after purchasing an additional 17,500 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of James River Group by 75.8% during the 1st quarter. Sei Investments Co. now owns 83,400 shares of the insurance provider’s stock worth $525,000 after purchasing an additional 35,948 shares during the last quarter. 95.21% of the stock is owned by institutional investors and hedge funds.

James River Group Company Profile

(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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