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

James River Group Holdings, Ltd. (NASDAQ:JRVR) has earned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $6.40.

JRVR has been the topic of several research reports. Compass Point cut James River Group from a “buy” rating to a “neutral” rating and set a $7.00 target price on the stock. in a report on Tuesday, December 16th. Raymond James Financial set a $7.00 price objective on shares of James River Group in a research report on Tuesday, December 16th. Wall Street Zen cut shares of James River Group from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Zacks Research downgraded James River Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of James River Group in a research report on Monday, December 29th.

James River Group Price Performance

Shares of JRVR stock traded up $0.09 on Monday, hitting $7.09. 34,659 shares of the stock traded hands, compared to its average volume of 250,809. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.64 and a quick ratio of 0.64. James River Group has a 52 week low of $3.00 and a 52 week high of $7.14. The firm has a 50 day simple moving average of $6.61 and a two-hundred day simple moving average of $5.98. The firm has a market cap of $325.90 million, a price-to-earnings ratio of -3.42 and a beta of -0.04.

Institutional Investors Weigh In On James River Group

A number of large investors have recently modified their holdings of JRVR. Jane Street Group LLC increased its stake in James River Group by 13.0% during the 1st quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider’s stock valued at $106,000 after purchasing an additional 2,918 shares in the last quarter. Boston Partners raised its position in James River Group by 34.0% during the second quarter. Boston Partners now owns 685,597 shares of the insurance provider’s stock valued at $4,018,000 after acquiring an additional 173,981 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of James River Group by 10.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock valued at $5,875,000 after purchasing an additional 95,351 shares during the period. Brandywine Global Investment Management LLC acquired a new position in shares of James River Group in the second quarter worth about $99,000. Finally, Invesco Ltd. raised its holdings in James River Group by 7.6% in the 2nd quarter. Invesco Ltd. now owns 298,243 shares of the insurance provider’s stock worth $1,748,000 after purchasing an additional 20,954 shares during the period. Hedge funds and other institutional investors own 95.21% of the company’s stock.

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.