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

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have been given a consensus rating of “Hold” by the five research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $7.25.

JRVR has been the subject of several analyst reports. Weiss Ratings cut James River Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 27th. Truist Financial upped their price target on James River Group from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Wall Street Zen upgraded James River Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Zacks Research cut James River Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th.

James River Group Price Performance

James River Group stock opened at $6.33 on Tuesday. James River Group has a 12 month low of $4.09 and a 12 month high of $7.20. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50 day simple moving average of $6.48 and a 200-day simple moving average of $6.18. The stock has a market capitalization of $290.99 million, a PE ratio of 8.67 and a beta of -0.02.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Tuesday, March 3rd. The insurance provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). James River Group had a return on equity of 12.01% and a net margin of 6.90%.The company had revenue of $167.75 million for the quarter, compared to analysts’ expectations of $171.98 million. Equities analysts predict that James River Group will post 1.2 earnings per share for the current year.

James River Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were given a $0.01 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.04 annualized dividend and a yield of 0.6%. James River Group’s dividend payout ratio is presently 5.48%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Clearstead Advisors LLC raised its position in James River Group by 173.9% in the fourth quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 4,909 shares in the last quarter. M&T Bank Corp purchased a new position in James River Group in the fourth quarter worth $65,000. Cerity Partners LLC purchased a new position in James River Group in the second quarter worth $61,000. PharVision Advisers LLC purchased a new position in James River Group in the third quarter worth $59,000. Finally, R Squared Ltd purchased a new position in James River Group in the third quarter worth $60,000. Hedge funds and other institutional investors own 95.21% of the company’s stock.

About James River Group

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.