James River Group Holdings, Ltd. (NASDAQ:JRVR) Stock Has Consensus Price Target of $5.75 According to Analysts

James River Group Holdings, Ltd. (NASDAQ:JRVR) has earned an average rating of “Reduce” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $5.75.

A number of analysts have recently issued reports on the company. UBS Group dropped their price target on James River Group from $4.75 to $4.00 and set a “neutral” rating for the company in a research report on Monday, August 17th. Weiss Ratings upgraded shares of James River Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Finally, Truist Financial lowered their target price on shares of James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Wednesday, August 12th.

Hedge Funds Weigh In On James River Group

A number of institutional investors have recently made changes to their positions in JRVR. Russell Investments Group Ltd. lifted its holdings in shares of James River Group by 183.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 178,607 shares of the insurance provider’s stock worth $613,000 after acquiring an additional 115,628 shares during the last quarter. Canal Insurance CO increased its stake in James River Group by 65.1% in the third quarter. Canal Insurance CO now owns 270,920 shares of the insurance provider’s stock valued at $929,000 after acquiring an additional 106,849 shares during the last quarter. Abel Hall LLC bought a new position in James River Group in the third quarter valued at $35,000. Public Employees Retirement System of Ohio purchased a new stake in James River Group during the second quarter valued at about $141,000. Finally, Donald Smith & CO. Inc. purchased a new stake in James River Group during the second quarter valued at about $10,738,000. Institutional investors own 95.21% of the company’s stock.

James River Group Price Performance

NASDAQ:JRVR traded down $0.11 during trading hours on Friday, hitting $3.89. 104,403 shares of the company’s stock traded hands, compared to its average volume of 233,935. James River Group has a 52 week low of $3.36 and a 52 week high of $7.20. The business’s fifty day simple moving average is $3.79 and its two-hundred day simple moving average is $4.94. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.43. The firm has a market cap of $179.91 million, a P/E ratio of 10.24 and a beta of -0.14.

James River Group (NASDAQ:JRVR) last announced its earnings results on Tuesday, August 11th. The insurance provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). The business had revenue of $161.34 million during the quarter, compared to the consensus estimate of $135.50 million. James River Group had a return on equity of 9.93% and a net margin of 4.68%. On average, research analysts anticipate that James River Group will post 0.65 earnings per share for the current fiscal year.

James River Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 15th. James River Group’s payout ratio is currently 10.53%.

About James River Group

James River Group Holdings, Ltd. (NASDAQ: JRVR) is a specialty insurance holding company headquartered in Hamilton, Bermuda. Through its operating subsidiaries, the company provides commercial casualty insurance and reinsurance products to businesses and other insurance organizations.

The company’s operations have included excess and surplus lines insurance, specialty admitted insurance and casualty reinsurance. Its products are designed for risks that may require customized underwriting or coverage that is not readily available through standard commercial insurance markets.