James River Group (NASDAQ:JRVR) Cut to “Sell” at StockNews.com

James River Group (NASDAQ:JRVR) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

A number of other research analysts also recently issued reports on JRVR. Keefe, Bruyette & Woods decreased their target price on shares of James River Group from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Thursday, March 13th. Compass Point decreased their price objective on James River Group from $7.75 to $6.25 and set a “buy” rating for the company in a report on Monday, March 10th. Citigroup reaffirmed a “hold” rating on shares of James River Group in a report on Tuesday, March 11th. JMP Securities decreased their price target on James River Group from $11.00 to $8.00 and set a “market outperform” rating for the company in a report on Friday, December 20th. Finally, Truist Financial dropped their price target on shares of James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.06.

James River Group Stock Down 1.4 %

Shares of JRVR stock opened at $4.17 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.65 and a current ratio of 0.65. James River Group has a fifty-two week low of $3.00 and a fifty-two week high of $9.56. The firm has a market capitalization of $190.34 million, a PE ratio of -1.03 and a beta of 0.04. The stock’s 50-day simple moving average is $4.54 and its 200-day simple moving average is $5.21.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.66). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The business had revenue of $126.71 million for the quarter, compared to analysts’ expectations of $159.91 million. During the same period in the prior year, the business posted $0.33 earnings per share. Equities analysts expect that James River Group will post -0.35 earnings per share for the current year.

Institutional Investors Weigh In On James River Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zimmer Partners LP purchased a new position in James River Group during the fourth quarter valued at $1,343,000. ProShare Advisors LLC purchased a new position in James River Group in the 4th quarter valued at about $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in James River Group by 22.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,028 shares of the insurance provider’s stock valued at $102,000 after buying an additional 3,839 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in James River Group by 9.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,111,291 shares of the insurance provider’s stock worth $5,412,000 after buying an additional 93,348 shares during the last quarter. Finally, Cantor Fitzgerald L. P. purchased a new stake in James River Group during the 4th quarter worth approximately $429,000. Hedge funds and other institutional investors own 95.21% of the company’s stock.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.