James River Group Holdings, Ltd. (NASDAQ:JRVR – Get Free Report) has been given an average rating of “Reduce” by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $6.4375.
JRVR has been the topic of several research reports. Weiss Ratings cut James River Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 20th. 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. Citigroup cut shares of James River Group from a “hold” rating to a “market perform” rating in a report on Tuesday, May 5th. Zacks Research upgraded shares of James River Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, UBS Group downgraded shares of James River Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $8.00 to $4.75 in a research report on Tuesday, May 19th.
Read Our Latest Stock Report on James River Group
James River Group Trading Up 0.9%
James River Group (NASDAQ:JRVR – Get 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 the consensus estimate of $0.27 by ($0.15). The firm had revenue of $151.38 million during the quarter, compared to the consensus estimate of $155.07 million. James River Group had a return on equity of 10.79% and a net margin of 4.34%. Research analysts expect that James River Group will post 0.8 EPS for the current fiscal year.
James River Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 8th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.9%. James River Group’s dividend payout ratio (DPR) is 11.76%.
Hedge Funds Weigh In On James River Group
Several hedge funds and other institutional investors have recently bought and sold shares of JRVR. Versant Capital Management Inc grew its stake 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 worth $27,000 after acquiring an additional 3,940 shares during the period. Clearstead Advisors LLC boosted its holdings in James River Group by 173.9% in the fourth quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 4,909 shares during the last quarter. PharVision Advisers LLC bought a new stake in James River Group in the 3rd quarter worth approximately $59,000. Cerity Partners LLC bought a new stake in James River Group in the 2nd quarter worth approximately $61,000. Finally, M&T Bank Corp purchased a new stake in James River Group during the 4th quarter valued at $65,000. Institutional investors own 95.21% of the company’s stock.
James River Group Company Profile
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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