James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives $6.40 Average Price Target from Analysts

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $6.80.

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of James River Group from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research downgraded shares of James River Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings upgraded James River Group from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday. Compass Point cut James River Group from a “buy” rating to a “neutral” rating and set a $7.00 price target for the company. in a report on Tuesday, December 16th. Finally, Truist Financial increased their price objective on James River Group from $6.00 to $7.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC raised its position in shares of James River Group by 173.9% during the 4th quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 4,909 shares during the last quarter. PharVision Advisers LLC acquired a new stake in James River Group during the 3rd quarter valued at $59,000. R Squared Ltd acquired a new stake in James River Group during the 3rd quarter valued at $60,000. Cerity Partners LLC purchased a new position in James River Group during the second quarter worth $61,000. Finally, M&T Bank Corp purchased a new position in James River Group during the fourth quarter worth $65,000. 95.21% of the stock is currently owned by institutional investors and hedge funds.

James River Group Stock Up 0.5%

JRVR opened at $6.47 on Monday. James River Group has a one year low of $3.73 and a one year high of $7.20. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $297.43 million, a P/E ratio of 8.86 and a beta of -0.06. The business’s 50-day simple moving average is $6.65 and its 200-day simple moving average is $6.01.

James River Group (NASDAQ:JRVR) last announced its earnings results on Monday, March 2nd. The insurance provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The firm had revenue of $167.75 million during the quarter, compared to analyst estimates of $171.98 million. James River Group had a net margin of 6.90% and a return on equity of 12.01%. Analysts anticipate that James River Group will post -0.35 EPS for the current year.

James River Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.01 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.04 annualized dividend and a dividend yield of 0.6%. James River Group’s dividend payout ratio (DPR) is 5.48%.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.