Brokerages Set James River Group Holdings, Ltd. (NASDAQ:JRVR) Target Price at $12.33

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have received an average rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $12.33.

Several equities analysts have recently commented on the stock. Compass Point raised shares of James River Group from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Friday, March 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 price target on shares of James River Group in a research note on Monday, April 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Graham Capital Management L.P. increased its position in James River Group by 11.1% during the third quarter. Graham Capital Management L.P. now owns 19,155 shares of the insurance provider’s stock valued at $294,000 after acquiring an additional 1,920 shares during the last quarter. Los Angeles Capital Management LLC increased its position in James River Group by 9.4% during the first quarter. Los Angeles Capital Management LLC now owns 40,830 shares of the insurance provider’s stock valued at $380,000 after acquiring an additional 3,500 shares during the last quarter. Empowered Funds LLC increased its position in James River Group by 8.2% during the first quarter. Empowered Funds LLC now owns 99,453 shares of the insurance provider’s stock valued at $925,000 after acquiring an additional 7,515 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in James River Group by 32.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 37,989 shares of the insurance provider’s stock valued at $355,000 after acquiring an additional 9,414 shares during the last quarter. Finally, Levin Capital Strategies L.P. bought a new position in James River Group during the first quarter valued at $93,000. Institutional investors own 95.21% of the company’s stock.

James River Group Price Performance

Shares of NASDAQ:JRVR opened at $8.01 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.57 and a quick ratio of 0.57. James River Group has a 1-year low of $6.35 and a 1-year high of $19.07. The company has a market capitalization of $303.02 million, a P/E ratio of -3.83 and a beta of 0.17. The firm’s 50 day simple moving average is $7.71 and its two-hundred day simple moving average is $8.62.

James River Group (NASDAQ:JRVR) last released its earnings results on Wednesday, May 8th. The insurance provider reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. James River Group had a negative net margin of 10.56% and a positive return on equity of 12.85%. The firm had revenue of $201.13 million for the quarter, compared to the consensus estimate of $172.26 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Research analysts expect that James River Group will post 1.75 EPS for the current fiscal year.

James River Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 10th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Monday, June 10th. James River Group’s dividend payout ratio (DPR) is -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.