James River Group Holdings, Ltd. (JRVR) Receives Average Rating of “Hold” from Analysts

James River Group Holdings, Ltd. (NASDAQ:JRVR) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $47.00.

A number of analysts have recently commented on JRVR shares. Zacks Investment Research cut James River Group Holdings from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. BidaskClub raised James River Group Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $42.00 price target on shares of James River Group Holdings in a research note on Friday, August 18th. Finally, ValuEngine cut James River Group Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.

In related news, CEO Steven J. Hartman sold 19,736 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $39.42, for a total value of $777,993.12. Following the completion of the transaction, the chief executive officer now directly owns 70,315 shares in the company, valued at approximately $2,771,817.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven J. Hartman sold 5,264 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $38.91, for a total value of $204,822.24. Following the completion of the transaction, the chief executive officer now owns 55,843 shares of the company’s stock, valued at $2,172,851.13. The disclosure for this sale can be found here. 41.00% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System grew its position in shares of James River Group Holdings by 13.5% in the 2nd quarter. California State Teachers Retirement System now owns 31,925 shares of the insurance provider’s stock valued at $1,268,000 after purchasing an additional 3,800 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of James River Group Holdings by 36.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 350,102 shares of the insurance provider’s stock valued at $13,910,000 after purchasing an additional 93,770 shares during the period. State Street Corp grew its position in shares of James River Group Holdings by 24.0% in the 2nd quarter. State Street Corp now owns 362,607 shares of the insurance provider’s stock valued at $14,409,000 after purchasing an additional 70,115 shares during the period. Royal Bank of Canada grew its position in shares of James River Group Holdings by 18.9% in the 2nd quarter. Royal Bank of Canada now owns 17,672 shares of the insurance provider’s stock valued at $702,000 after purchasing an additional 2,806 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of James River Group Holdings by 4,472.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 853,306 shares of the insurance provider’s stock valued at $33,902,000 after purchasing an additional 834,645 shares during the period. Institutional investors and hedge funds own 92.72% of the company’s stock.

Shares of James River Group Holdings (JRVR) traded up 0.57% on Tuesday, hitting $40.43. 175,628 shares of the company’s stock traded hands. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 15.23 and a beta of 0.56. James River Group Holdings has a 1-year low of $33.96 and a 1-year high of $46.20. The firm’s 50-day moving average price is $39.76 and its 200 day moving average price is $40.65.

James River Group Holdings (NASDAQ:JRVR) last announced its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The company had revenue of $202.40 million during the quarter, compared to the consensus estimate of $169.83 million. James River Group Holdings had a net margin of 11.45% and a return on equity of 10.80%. The business’s revenue was up 50.5% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. On average, equities research analysts expect that James River Group Holdings will post $2.50 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 11th will be paid a $0.30 dividend. The ex-dividend date is Friday, September 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.97%. James River Group Holdings’s dividend payout ratio (DPR) is presently 45.28%.

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James River Group Holdings Company Profile

James River Group Holdings, Ltd. (JRG Holdings) is an insurance and reinsurance holding company. The Company operates through four segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. The Excess and Surplus Lines segment offers commercial excess and surplus lines liability and excess property insurance products.

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