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
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
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.
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