James River Group (NASDAQ:JRVR) Stock Breaks Above 50-Day Moving Average – Should You Sell?

James River Group Holdings, Ltd. (NASDAQ:JRVR) shares crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $3.82 and traded as high as $3.86. James River Group shares last traded at $3.85, with a volume of 288,101 shares traded.

Analyst Ratings Changes

Several brokerages have recently weighed in on JRVR. Truist Financial decreased their price target on James River Group from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Wednesday, August 12th. Weiss Ratings raised James River Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Zacks Research raised James River Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, UBS Group reduced their target price on James River Group from $4.75 to $4.00 and set a “neutral” rating on the stock in a report on Monday, August 17th. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, James River Group has a consensus rating of “Reduce” and an average price target of $5.75.

James River Group Price Performance

The business has a 50-day moving average of $3.81 and a 200 day moving average of $5.01. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $178.99 million, a P/E ratio of 10.18 and a beta of -0.17.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Tuesday, August 11th. The insurance provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). James River Group had a net margin of 4.68% and a return on equity of 9.93%. The firm had revenue of $161.34 million during the quarter, compared to analyst estimates of $135.50 million. On average, sell-side analysts predict that James River Group Holdings, Ltd. will post 0.65 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 Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 15th. James River Group’s payout ratio is currently 10.53%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JRVR. Versant Capital Management Inc lifted its stake in James River Group by 176.0% during the 2nd quarter. Versant Capital Management Inc now owns 6,179 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 3,940 shares in the last quarter. Abel Hall LLC bought a new stake in shares of James River Group in the 3rd quarter worth $35,000. Public Employees Retirement System of Ohio bought a new stake in shares of James River Group in the 2nd quarter worth $141,000. Canal Insurance CO bought a new stake in shares of James River Group in the 1st quarter worth $189,000. Finally, Bank of America Corp DE grew its stake in shares of James River Group by 22.0% in the 1st quarter. Bank of America Corp DE now owns 36,690 shares of the insurance provider’s stock worth $231,000 after acquiring an additional 6,608 shares in the last quarter. Institutional investors own 95.21% of the company’s stock.

About James River Group

James River Group Holdings, Ltd. (NASDAQ: JRVR) is a specialty insurance holding company headquartered in Hamilton, Bermuda. Through its operating subsidiaries, the company provides commercial casualty insurance and reinsurance products to businesses and other insurance organizations.

The company’s operations have included excess and surplus lines insurance, specialty admitted insurance and casualty reinsurance. Its products are designed for risks that may require customized underwriting or coverage that is not readily available through standard commercial insurance markets.