James River Group (NASDAQ:JRVR) Shares Cross Below Fifty Day Moving Average – Should You Sell?

James River Group Holdings, Ltd. (NASDAQ:JRVR)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.74 and traded as low as $4.72. James River Group shares last traded at $4.73, with a volume of 154,998 shares trading hands.

Analyst Ratings Changes

Separately, JMP Securities dropped their price objective on James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a report on Friday, December 20th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.40.

James River Group Price Performance

The stock has a fifty day moving average of $4.74 and a two-hundred day moving average of $5.90. The stock has a market cap of $178.94 million, a price-to-earnings ratio of -1.17 and a beta of 0.07. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Monday, November 11th. The insurance provider reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.89). The business had revenue of $191.50 million for the quarter, compared to analyst estimates of $137.28 million. James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The company’s revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 EPS. On average, equities research analysts anticipate that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current year.

James River Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.01 per share. The ex-dividend date was Monday, December 16th. This represents a $0.04 dividend on an annualized basis and a yield of 0.85%. James River Group’s payout ratio is -0.99%.

Institutional Trading of James River Group

A number of institutional investors have recently bought and sold shares of JRVR. Public Employees Retirement System of Ohio purchased a new stake in James River Group during the third quarter worth $320,000. RBF Capital LLC boosted its position in James River Group by 4.2% during the third quarter. RBF Capital LLC now owns 1,073,828 shares of the insurance provider’s stock worth $6,733,000 after purchasing an additional 42,946 shares in the last quarter. Ieq Capital LLC purchased a new stake in James River Group during the fourth quarter worth $197,000. BBR Partners LLC purchased a new stake in James River Group during the third quarter worth $219,000. Finally, Thompson Siegel & Walmsley LLC boosted its position in James River Group by 33.3% during the third quarter. Thompson Siegel & Walmsley LLC now owns 140,000 shares of the insurance provider’s stock worth $878,000 after purchasing an additional 35,000 shares in the last quarter. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.