James River Group Holdings, Ltd. (NASDAQ:JRVR) Given Average Rating of “Reduce” by Brokerages

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have been assigned an average recommendation of “Reduce” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $5.75.

A number of analysts recently weighed in on JRVR shares. Zacks Research raised shares of James River Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen upgraded shares of James River Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Citizens Jmp restated a “market perform” rating on shares of James River Group in a research note on Tuesday, May 5th. Truist Financial cut their price target on James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Wednesday, August 12th. Finally, Weiss Ratings upgraded James River Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th.

Institutional Trading of James River Group

A number of institutional investors have recently made changes to their positions in JRVR. Jane Street Group LLC raised its holdings in shares of James River Group by 13.0% in the 1st quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider’s stock worth $106,000 after purchasing an additional 2,918 shares in the last quarter. Geode Capital Management LLC boosted its holdings in James River Group by 10.5% during the second quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock worth $5,875,000 after buying an additional 95,351 shares in the last quarter. Invesco Ltd. grew its position in James River Group by 7.6% in the second quarter. Invesco Ltd. now owns 298,243 shares of the insurance provider’s stock worth $1,748,000 after buying an additional 20,954 shares during the last quarter. First Trust Advisors LP grew its position in James River Group by 26.2% in the second quarter. First Trust Advisors LP now owns 148,153 shares of the insurance provider’s stock worth $868,000 after buying an additional 30,802 shares during the last quarter. Finally, Cerity Partners LLC bought a new position in shares of James River Group in the second quarter valued at $61,000. 95.21% of the stock is owned by institutional investors and hedge funds.

James River Group Stock Performance

NASDAQ:JRVR traded up $0.02 during midday trading on Monday, reaching $4.07. 9,581 shares of the company traded hands, compared to its average volume of 328,957. The firm has a market capitalization of $188.20 million, a price-to-earnings ratio of 10.71 and a beta of -0.20. The company has a fifty day moving average price of $4.39 and a 200 day moving average price of $5.26. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.63 and a quick ratio of 0.63. James River Group has a twelve month low of $3.76 and a twelve month high of $7.20.

James River Group (NASDAQ:JRVR) last posted its earnings results on Tuesday, August 11th. The insurance provider reported $0.20 earnings per share (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 company had revenue of $161.34 million during the quarter, compared to the consensus estimate of $135.50 million. On average, analysts expect that James River Group will post 0.65 EPS for the current fiscal year.

James River Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given 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 is Tuesday, September 15th. James River Group’s payout ratio is 10.53%.

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.