James River Group (NASDAQ:JRVR) had its target price cut by SunTrust Banks to $44.00 in a research report report published on Monday morning. They currently have a buy rating on the insurance provider’s stock. SunTrust Banks also issued estimates for James River Group’s Q3 2018 earnings at $0.65 EPS, FY2018 earnings at $2.50 EPS, Q1 2019 earnings at $0.67 EPS, Q2 2019 earnings at $0.72 EPS, Q3 2019 earnings at $0.73 EPS and Q4 2019 earnings at $0.75 EPS.
A number of other analysts also recently weighed in on JRVR. B. Riley restated a buy rating on shares of James River Group in a report on Monday, November 6th. BidaskClub downgraded shares of James River Group from a hold rating to a sell rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research upgraded shares of James River Group from a sell rating to a hold rating in a report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $43.00.
Shares of James River Group (NASDAQ JRVR) opened at $32.71 on Monday. James River Group has a fifty-two week low of $32.69 and a fifty-two week high of $44.34. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1,007.46, a PE ratio of 22.72 and a beta of 0.36.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Monday, March 12th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.67%. James River Group’s dividend payout ratio (DPR) is presently 222.22%.
A number of large investors have recently modified their holdings of JRVR. Northern Trust Corp grew its holdings in James River Group by 24.2% during the 2nd quarter. Northern Trust Corp now owns 222,593 shares of the insurance provider’s stock valued at $8,844,000 after purchasing an additional 43,300 shares during the last quarter. Vanguard Group Inc. grew its holdings in James River Group by 27.1% during the 2nd quarter. Vanguard Group Inc. now owns 894,726 shares of the insurance provider’s stock valued at $35,548,000 after purchasing an additional 190,928 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in James River Group by 65.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,801 shares of the insurance provider’s stock valued at $747,000 after purchasing an additional 7,417 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in James River Group by 24.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 333,017 shares of the insurance provider’s stock valued at $13,231,000 after purchasing an additional 66,044 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in James River Group by 42.1% during the 2nd quarter. Voya Investment Management LLC now owns 7,514 shares of the insurance provider’s stock valued at $299,000 after purchasing an additional 2,228 shares during the last quarter.
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James River Group 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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