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

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have earned a consensus recommendation of “Reduce” from the seven brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $6.4375.

A number of research firms have weighed in on JRVR. Weiss Ratings lowered James River Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 20th. Citigroup downgraded James River Group from a “hold” rating to a “market perform” rating in a research note on Tuesday, May 5th. Zacks Research raised James River Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Citizens Jmp reissued a “market perform” rating on shares of James River Group in a research report on Tuesday, May 5th. Finally, Wall Street Zen raised James River Group from a “sell” rating to a “hold” rating in a report on Sunday, June 14th.

James River Group Trading Down 3.4%

James River Group stock traded down $0.16 during trading hours on Thursday, reaching $4.57. 6,294 shares of the company’s stock traded hands, compared to its average volume of 337,318. 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 fifty-two week low of $3.76 and a fifty-two week high of $7.20. The firm’s 50 day moving average is $4.27 and its 200-day moving average is $5.53. The firm has a market capitalization of $211.30 million, a price-to-earnings ratio of 13.44 and a beta of -0.19.

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

James River Group Announces Dividend

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

Institutional Investors Weigh In On James River Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Zimmer Partners LP increased its position in James River Group by 53.8% during the 3rd quarter. Zimmer Partners LP now owns 4,591,638 shares of the insurance provider’s stock worth $25,484,000 after purchasing an additional 1,605,828 shares during the period. Enstar Group LTD acquired a new position in shares of James River Group in the 4th quarter valued at $16,477,000. Donald Smith & CO. Inc. increased its holdings in shares of James River Group by 434.9% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,671,220 shares of the insurance provider’s stock worth $10,629,000 after buying an additional 1,358,785 shares during the last quarter. RBF Capital LLC raised its position in shares of James River Group by 7.5% in the 1st quarter. RBF Capital LLC now owns 1,128,525 shares of the insurance provider’s stock worth $7,110,000 after buying an additional 78,525 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in James River Group by 10.5% in the second quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock valued at $5,875,000 after acquiring an additional 95,351 shares during the last quarter. 95.21% of the stock is currently owned by institutional investors and hedge funds.

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.