James River Group Holdings, Ltd. (NASDAQ:JRVR) Given Average Recommendation of “Reduce” by Analysts

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have been given a consensus recommendation of “Reduce” by the seven research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $6.4375.

Several research firms have recently commented on JRVR. Weiss Ratings lowered shares of James River Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 20th. Citigroup downgraded shares of James River Group from a “hold” rating to a “market perform” rating in a research report on Tuesday, May 5th. UBS Group downgraded shares of James River Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $8.00 to $4.75 in a research report on Tuesday, May 19th. Zacks Research lowered James River Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Finally, Citizens Jmp reiterated a “market perform” rating on shares of James River Group in a research report on Tuesday, May 5th.

Institutional Investors Weigh In On James River Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in shares of James River Group by 176.0% in the second quarter. Versant Capital Management Inc now owns 6,179 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 3,940 shares in the last quarter. Clearstead Advisors LLC increased its stake in James River Group by 173.9% in the 4th quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider’s stock worth $49,000 after buying an additional 4,909 shares in the last quarter. M&T Bank Corp bought a new stake in James River Group during the fourth quarter valued at about $65,000. Cerity Partners LLC purchased a new position in shares of James River Group in the second quarter valued at about $61,000. Finally, PharVision Advisers LLC purchased a new stake in shares of James River Group during the third quarter worth about $59,000. Institutional investors own 95.21% of the company’s stock.

James River Group Stock Performance

Shares of JRVR stock remained flat at $4.46 on Friday. The stock had a trading volume of 374,791 shares, compared to its average volume of 436,132. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.64. James River Group has a 52-week low of $3.76 and a 52-week high of $7.20. The firm has a market cap of $206.22 million, a PE ratio of 13.12 and a beta of -0.19. The stock’s 50-day simple moving average is $4.39 and its 200 day simple moving average is $5.77.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings data on Monday, May 4th. The insurance provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.15). The firm had revenue of $151.38 million for the quarter, compared to analysts’ expectations of $155.07 million. James River Group had a net margin of 4.34% and a return on equity of 10.79%. On average, equities research analysts anticipate that James River Group will post 0.8 earnings per share for the current fiscal year.

James River Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 8th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, June 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.9%. James River Group’s payout ratio is 11.76%.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.