Brokerages Set James River Group Holdings, Ltd. (NASDAQ:JRVR) Target Price at $7.25

James River Group Holdings, Ltd. (NASDAQ:JRVR) has received an average rating of “Hold” from the five ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $7.25.

Several equities analysts recently commented on the stock. Truist Financial upped their price target on shares of James River Group from $6.00 to $7.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. Compass Point cut James River Group from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a research note on Tuesday, December 16th. Raymond James Financial set a $7.00 target price on James River Group in a report on Tuesday, December 16th. Wall Street Zen upgraded James River Group from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Finally, Weiss Ratings cut shares of James River Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 27th.

Hedge Funds Weigh In On James River Group

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

James River Group Price Performance

JRVR stock opened at $6.12 on Friday. The company has a market capitalization of $281.34 million, a PE ratio of 8.38 and a beta of -0.02. The company’s fifty day moving average price is $6.59 and its 200-day moving average price is $6.10. James River Group has a one year low of $3.85 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.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings data on Tuesday, March 3rd. The insurance provider reported $0.30 earnings per share (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 firm had revenue of $167.75 million for the quarter, compared to analysts’ expectations of $171.98 million. On average, equities analysts anticipate that James River Group will post -0.35 EPS for the current fiscal year.

James River Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, March 13th. James River Group’s payout ratio is currently 5.48%.

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.