James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives $12.17 Consensus Price Target from Analysts

James River Group Holdings, Ltd. (NASDAQ:JRVR) has been given a consensus rating of “Hold” by the six brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $11.67.

Separately, JMP Securities dropped their price target on shares of James River Group from $14.00 to $11.00 and set a “market outperform” rating on the stock in a report on Tuesday.

Hedge Funds Weigh In On James River Group

Several institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. increased its holdings in James River Group by 125,501.1% during the fourth quarter. Federated Hermes Inc. now owns 113,041 shares of the insurance provider’s stock valued at $1,044,000 after buying an additional 112,951 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in James River Group in the 4th quarter worth $345,000. Charles Schwab Investment Management Inc. lifted its position in James River Group by 11.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 576,293 shares of the insurance provider’s stock valued at $5,325,000 after purchasing an additional 60,609 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in James River Group by 50.5% during the fourth quarter. BNP Paribas Financial Markets now owns 70,307 shares of the insurance provider’s stock valued at $650,000 after purchasing an additional 23,597 shares during the period. Finally, Jump Financial LLC increased its position in James River Group by 409.1% in the fourth quarter. Jump Financial LLC now owns 115,570 shares of the insurance provider’s stock worth $1,068,000 after buying an additional 92,870 shares in the last quarter. Institutional investors own 95.21% of the company’s stock.

James River Group Stock Down 4.9 %

Shares of NASDAQ:JRVR opened at $7.14 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $270.08 million, a P/E ratio of -3.42 and a beta of 0.16. The stock has a 50 day moving average price of $7.77 and a 200-day moving average price of $8.54. James River Group has a 52-week low of $6.35 and a 52-week high of $17.94.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings results on Monday, August 5th. The insurance provider reported $0.33 earnings per share (EPS) 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 analysts’ expectations of $169.39 million. James River Group had a positive return on equity of 12.85% and a negative net margin of 10.56%. James River Group’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS. As a group, equities research analysts anticipate that James River Group will post 1.75 EPS for the current fiscal year.

James River Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 10th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, June 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.80%. James River Group’s dividend payout ratio is currently -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.