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

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have been given a consensus rating of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $11.17.

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

James River Group Stock Performance

NASDAQ JRVR opened at $7.17 on Wednesday. James River Group has a twelve month low of $6.12 and a twelve month high of $15.02. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.37. The stock has a market cap of $271.21 million, a P/E ratio of -3.43 and a beta of 0.16. The company’s 50-day simple moving average is $6.80 and its 200 day simple moving average is $7.62.

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

James River Group Announces Dividend

The business also recently disclosed 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 is currently -9.57%.

Hedge Funds Weigh In On James River Group

A number of large investors have recently modified their holdings of JRVR. SG Americas Securities LLC acquired a new stake in shares of James River Group in the third quarter valued at approximately $69,000. Sei Investments Co. acquired a new stake in shares of James River Group in the 2nd quarter valued at $83,000. Simplicity Wealth LLC bought a new stake in shares of James River Group during the second quarter worth $93,000. Levin Capital Strategies L.P. acquired a new position in shares of James River Group during the first quarter valued at $93,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of James River Group during the second quarter valued at $170,000. 95.21% of the stock is currently owned by institutional investors and hedge funds.

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.