James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives Consensus Recommendation of “Hold” from Analysts

James River Group Holdings, Ltd. (NASDAQ:JRVR) has been given an average rating of “Hold” by the five ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $6.06.

A number of analysts have recently issued reports on JRVR shares. JMP Securities lowered their price objective on James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a research report on Friday, December 20th. Keefe, Bruyette & Woods dropped their price objective on shares of James River Group from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Thursday, March 13th. StockNews.com lowered shares of James River Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Citigroup restated a “hold” rating on shares of James River Group in a research note on Tuesday, March 11th. Finally, Truist Financial lowered their price objective on James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Tuesday, March 11th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC lifted its stake in shares of James River Group by 39.5% during the third quarter. Jane Street Group LLC now owns 90,838 shares of the insurance provider’s stock valued at $570,000 after acquiring an additional 25,738 shares during the period. SG Americas Securities LLC lifted its position in James River Group by 41.6% during the 4th quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 4,586 shares during the period. Barclays PLC boosted its stake in shares of James River Group by 288.2% in the 3rd quarter. Barclays PLC now owns 43,940 shares of the insurance provider’s stock valued at $275,000 after purchasing an additional 32,621 shares during the last quarter. Empowered Funds LLC grew its position in shares of James River Group by 4.9% during the 4th quarter. Empowered Funds LLC now owns 118,194 shares of the insurance provider’s stock worth $576,000 after buying an additional 5,553 shares during the period. Finally, Quantbot Technologies LP raised its stake in shares of James River Group by 24.8% during the fourth quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider’s stock worth $61,000 after buying an additional 2,498 shares during the last quarter. 95.21% of the stock is currently owned by institutional investors.

James River Group Price Performance

Shares of James River Group stock opened at $4.07 on Monday. The firm has a fifty day moving average price of $4.44 and a two-hundred day moving average price of $5.08. James River Group has a fifty-two week low of $3.00 and a fifty-two week high of $9.56. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $185.77 million, a PE ratio of -1.00 and a beta of 0.04.

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

James River Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Monday, March 10th. James River Group’s dividend payout ratio is currently -1.38%.

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.