James River Group Holdings, Ltd. (NASDAQ:JRVR) Given Consensus Recommendation of “Hold” by Brokerages

James River Group Holdings, Ltd. (NASDAQ:JRVR) has received an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $11.17.

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

Institutional Trading of James River Group

Several large investors have recently made changes to their positions in JRVR. Los Angeles Capital Management LLC lifted its stake in shares of James River Group by 9.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 40,830 shares of the insurance provider’s stock valued at $380,000 after purchasing an additional 3,500 shares during the period. Empowered Funds LLC lifted its stake in shares of James River Group by 8.2% in the 1st quarter. Empowered Funds LLC now owns 99,453 shares of the insurance provider’s stock valued at $925,000 after purchasing an additional 7,515 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of James River Group by 32.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,989 shares of the insurance provider’s stock valued at $355,000 after purchasing an additional 9,414 shares during the period. Levin Capital Strategies L.P. acquired a new position in shares of James River Group in the 1st quarter valued at $93,000. Finally, Sei Investments Co. acquired a new position in shares of James River Group in the 2nd quarter valued at $83,000. 95.21% of the stock is owned by hedge funds and other institutional investors.

James River Group Stock Down 2.3 %

Shares of James River Group stock opened at $6.26 on Friday. The firm’s 50 day moving average price is $7.31 and its 200-day moving average price is $7.84. 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 52-week low of $6.14 and a 52-week high of $15.88. The company has a market cap of $236.82 million, a P/E ratio of -3.00 and a beta of 0.17.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings data 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 firm 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 11.66% and a negative net margin of 12.79%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. On average, sell-side analysts predict that James River Group will post 1.85 EPS for the current fiscal year.

James River Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Monday, September 16th. James River Group’s dividend payout ratio (DPR) is currently -9.57%.

James River Group Company Profile

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.