James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives Consensus Rating of “Hold” from Brokerages

James River Group Holdings, Ltd. (NASDAQ:JRVR) has earned an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $12.33.

A number of analysts have recently issued reports on JRVR shares. JMP Securities reissued a “market outperform” rating and set a $15.00 target price on shares of James River Group in a research note on Monday, April 15th. Compass Point raised shares of James River Group from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Friday, March 22nd.

Hedge Funds Weigh In On James River Group

Several institutional investors have recently bought and sold shares of JRVR. Simplicity Wealth LLC bought a new stake in James River Group during the 2nd quarter valued at $93,000. CWM LLC lifted its stake in shares of James River Group by 1,902.6% during the 2nd quarter. CWM LLC now owns 27,636 shares of the insurance provider’s stock worth $214,000 after purchasing an additional 26,256 shares during the last quarter. Levin Capital Strategies L.P. purchased a new position in James River Group in the first quarter valued at about $93,000. Jacobs Levy Equity Management Inc. raised its holdings in 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 worth $4,771,000 after purchasing an additional 302,257 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of James River Group by 32.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 37,989 shares of the insurance provider’s stock valued at $355,000 after buying an additional 9,414 shares during the last quarter. 95.21% of the stock is owned by hedge funds and other institutional investors.

James River Group Price Performance

James River Group stock opened at $8.01 on Monday. The firm has a market capitalization of $303.02 million, a PE ratio of -3.83 and a beta of 0.17. James River Group has a 12-month low of $6.35 and a 12-month high of $19.07. The firm has a 50-day moving average price of $7.71 and a 200-day moving average price of $8.63. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.41.

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

James River Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 10th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.20 annualized dividend and a dividend yield of 2.50%. James River Group’s dividend payout ratio is currently -9.57%.

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.