James River Group (NASDAQ:JRVR) PT Lowered to $14.00 at JMP Securities

James River Group (NASDAQ:JRVR) had its price objective lowered by JMP Securities from $15.00 to $14.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has a market outperform rating on the insurance provider’s stock.

Separately, Compass Point upgraded shares of James River Group from a neutral rating to a buy rating and set a $12.00 price objective on the stock in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $12.17.

James River Group Price Performance

Shares of NASDAQ:JRVR opened at $7.80 on Wednesday. The company has a market capitalization of $295.07 million, a PE ratio of -3.73 and a beta of 0.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a fifty day moving average of $7.70 and a 200-day moving average of $8.59. James River Group has a one year low of $6.35 and a one year high of $19.07.

James River Group (NASDAQ:JRVR) last announced its earnings results on Wednesday, May 8th. The insurance provider reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $201.13 million during the quarter, compared to the consensus estimate of $172.26 million. James River Group had a positive return on equity of 12.85% and a negative net margin of 10.56%. James River Group’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 earnings per share. As a group, equities analysts anticipate that James River Group will post 1.75 EPS for the current fiscal year.

James River Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 10th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Monday, June 10th. James River Group’s dividend payout ratio is currently -9.57%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of JRVR. Vanguard Group Inc. raised its position in James River Group by 22.9% during the first quarter. Vanguard Group Inc. now owns 2,579,287 shares of the insurance provider’s stock valued at $23,987,000 after acquiring an additional 479,823 shares in the last quarter. Wellington Management Group LLP boosted its stake in James River Group by 11.4% in the third quarter. Wellington Management Group LLP now owns 913,534 shares of the insurance provider’s stock worth $14,023,000 after purchasing an additional 93,726 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of James River Group by 11.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 576,293 shares of the insurance provider’s stock valued at $5,325,000 after buying an additional 60,609 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of James River Group by 143.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 512,968 shares of the insurance provider’s stock valued at $4,771,000 after buying an additional 302,257 shares during the last quarter. Finally, Jump Financial LLC grew its stake in shares of James River Group by 409.1% during the fourth quarter. Jump Financial LLC now owns 115,570 shares of the insurance provider’s stock valued at $1,068,000 after purchasing an additional 92,870 shares during the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

About James River Group

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.