James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives Average Rating of “Hold” from Analysts

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have been given an average recommendation of “Hold” by the six research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $11.17.

JRVR has been the subject of a number of analyst reports. Truist Financial decreased their price objective on shares of James River Group from $9.00 to $8.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. JMP Securities lowered their price objective on shares of James River Group from $14.00 to $11.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 6th. Finally, Compass Point reduced their target price on James River Group from $12.50 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th.

Institutional Trading of James River Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Perpetual Ltd grew its holdings in shares of James River Group by 33.3% during the third quarter. Perpetual Ltd now owns 140,000 shares of the insurance provider’s stock worth $878,000 after buying an additional 35,000 shares in the last quarter. CWM LLC boosted its position in James River Group by 40.7% during the 3rd quarter. CWM LLC now owns 38,890 shares of the insurance provider’s stock worth $244,000 after acquiring an additional 11,254 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of James River Group during the 3rd quarter worth approximately $69,000. AQR Capital Management LLC raised its holdings in shares of James River Group by 2,512.5% in the second quarter. AQR Capital Management LLC now owns 1,377,017 shares of the insurance provider’s stock valued at $10,644,000 after purchasing an additional 1,324,309 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in shares of James River Group by 72.7% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 40,843 shares of the insurance provider’s stock worth $316,000 after purchasing an additional 17,187 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.

James River Group Stock Up 2.0 %

NASDAQ:JRVR opened at $7.17 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.37. James River Group has a 12-month low of $6.12 and a 12-month high of $15.02. The stock’s fifty day simple moving average is $6.80 and its 200-day simple moving average is $7.62. The firm has a market capitalization of $271.21 million, a P/E ratio of -3.43 and a beta of 0.16.

James River Group (NASDAQ:JRVR) last issued its earnings results on Monday, August 5th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). The company had revenue of $188.30 million for the quarter, compared to the consensus estimate of $169.39 million. James River Group had a positive return on equity of 11.66% and a negative net margin of 12.79%. James River Group’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. Equities research analysts expect that James River Group will post 1.85 earnings per share for the current year.

James River Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Monday, September 16th. James River Group’s dividend payout ratio (DPR) is presently -9.57%.

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.