James River Group (NASDAQ:JRVR) Lowered to “Sell” Rating by StockNews.com

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

Several other equities analysts have also issued reports on JRVR. JMP Securities reduced their price target 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 reduced their price target on James River Group from $6.00 to $5.00 and set a “market perform” rating on the stock in a research report on Thursday, March 13th. Compass Point reduced their price target on 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 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 restated a “hold” rating on shares of James River Group in a research report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, James River Group currently has a consensus rating of “Hold” and an average price target of $6.06.

James River Group Stock Performance

Shares of NASDAQ JRVR opened at $3.90 on Tuesday. The stock has a market cap of $178.01 million, a price-to-earnings ratio of -0.96 and a beta of 0.04. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. James River Group has a 1-year low of $3.00 and a 1-year high of $9.56. The stock’s 50-day moving average is $4.57 and its 200 day moving average is $5.29.

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

James River Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $0.01 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.03%. James River Group’s dividend payout ratio is currently -1.38%.

Institutional Investors Weigh In On James River Group

Large investors have recently made changes to their positions in the business. Gallatin Point Capital LLC purchased a new position in shares of James River Group in the 4th quarter valued at approximately $28,535,000. Boston Partners purchased a new position in shares of James River Group in the 4th quarter valued at approximately $2,578,000. Price T Rowe Associates Inc. MD lifted its stake in shares of James River Group by 101.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 850,526 shares of the insurance provider’s stock valued at $4,144,000 after purchasing an additional 428,636 shares during the period. Zimmer Partners LP purchased a new position in shares of James River Group in the 4th quarter valued at approximately $1,343,000. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of 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 valued at $5,412,000 after purchasing an additional 93,348 shares during the period. 95.21% of the stock is currently owned by institutional investors.

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.