James River Group (NASDAQ:JRVR) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of James River Group (NASDAQ:JRVR) from a hold rating to a sell rating in a research report report published on Tuesday.

Several other research analysts have also weighed in on the stock. Keefe, Bruyette & Woods lowered 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 note on Thursday, March 13th. JMP Securities reduced their price target on shares of 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. Compass Point reduced their price target on shares of James River Group from $7.75 to $6.25 and set a “buy” rating on the stock in a research report on Monday, March 10th. Truist Financial reduced 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. Finally, Citigroup reissued a “hold” rating on shares of James River Group in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, James River Group presently has an average rating of “Hold” and an average target price of $6.06.

James River Group Trading Down 2.0 %

Shares of JRVR stock opened at $3.93 on Tuesday. 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 firm has a market cap of $179.38 million, a PE ratio of -0.97 and a beta of 0.04. The company has a 50-day moving average of $4.60 and a two-hundred day moving average of $5.31. James River Group has a 1-year low of $3.00 and a 1-year high of $9.56.

James River Group (NASDAQ:JRVR) last announced 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). The company had revenue of $126.71 million for the quarter, compared to analysts’ expectations of $159.91 million. James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. During the same period last year, the business earned $0.33 EPS. On average, analysts predict that James River Group will post -0.35 EPS for the current year.

James River Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.04 annualized dividend and a dividend yield of 1.02%. James River Group’s dividend payout ratio is presently -1.38%.

Institutional Trading of James River Group

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in James River Group by 39.5% in 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 in the last quarter. SG Americas Securities LLC raised its holdings in James River Group by 41.6% in the fourth quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock valued at $76,000 after acquiring an additional 4,586 shares in the last quarter. Barclays PLC raised its holdings in James River Group by 288.2% in the third quarter. Barclays PLC now owns 43,940 shares of the insurance provider’s stock valued at $275,000 after acquiring an additional 32,621 shares in the last quarter. Empowered Funds LLC raised its holdings in James River Group by 4.9% in the fourth quarter. Empowered Funds LLC now owns 118,194 shares of the insurance provider’s stock valued at $576,000 after acquiring an additional 5,553 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in James River Group by 36.0% in the third quarter. Los Angeles Capital Management LLC now owns 41,976 shares of the insurance provider’s stock valued at $263,000 after acquiring an additional 11,106 shares in the last quarter. Institutional investors and hedge funds 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.