James River Group Holdings Ltd (JRVR) Receives Average Rating of “Hold” from Analysts

James River Group Holdings Ltd (NASDAQ:JRVR) has been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $45.00.

A number of equities research analysts have commented on the stock. B. Riley lowered shares of James River Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $47.00 to $39.00 in a report on Thursday, January 4th. Zacks Investment Research raised shares of James River Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $42.00 target price on shares of James River Group in a research report on Thursday, September 21st. JMP Securities initiated coverage on shares of James River Group in a research report on Tuesday, October 17th. They set an “outperform” rating and a $47.00 target price on the stock. Finally, BidaskClub downgraded shares of James River Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th.

Shares of James River Group (NASDAQ JRVR) traded up $0.16 during trading hours on Monday, reaching $36.13. 179,200 shares of the company’s stock were exchanged, compared to its average volume of 274,622. James River Group has a 12-month low of $35.52 and a 12-month high of $46.20. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.12. The company has a market cap of $1,070.00, a price-to-earnings ratio of 15.85 and a beta of 0.50.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. James River Group had a net margin of 8.98% and a return on equity of 9.36%. The firm had revenue of $220.87 million for the quarter, compared to analyst estimates of $198.67 million. During the same quarter in the prior year, the firm earned $0.72 EPS. The company’s revenue was up 45.9% on a year-over-year basis. analysts expect that James River Group will post 2.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 15th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, December 14th. This is an increase from James River Group’s previous quarterly dividend of $0.30. This represents a $3.20 dividend on an annualized basis and a yield of 8.86%. James River Group’s dividend payout ratio is presently 140.35%.

In other James River Group news, Director David Zwillinger sold 2,600,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $38.10, for a total transaction of $99,060,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Bryan Martin sold 450,000 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $38.10, for a total transaction of $17,145,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,450,000 shares of company stock worth $131,445,000. Corporate insiders own 41.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in JRVR. Advisor Group Inc. raised its position in shares of James River Group by 11.0% in the 2nd quarter. Advisor Group Inc. now owns 3,937 shares of the insurance provider’s stock valued at $156,000 after acquiring an additional 391 shares during the period. Legal & General Group Plc raised its position in shares of James River Group by 21.4% in the 2nd quarter. Legal & General Group Plc now owns 4,248 shares of the insurance provider’s stock valued at $169,000 after acquiring an additional 748 shares during the period. People s United Financial Inc. raised its position in shares of James River Group by 14.5% in the 2nd quarter. People s United Financial Inc. now owns 8,113 shares of the insurance provider’s stock valued at $323,000 after acquiring an additional 1,030 shares during the period. Neuberger Berman Group LLC raised its position in shares of James River Group by 21.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 6,867 shares of the insurance provider’s stock valued at $273,000 after acquiring an additional 1,207 shares during the period. Finally, Nationwide Fund Advisors raised its position in shares of James River Group by 3.6% in the 3rd quarter. Nationwide Fund Advisors now owns 34,539 shares of the insurance provider’s stock valued at $1,433,000 after acquiring an additional 1,211 shares during the period. Institutional investors own 96.17% of the company’s stock.

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About James River Group

James River Group Holdings, Ltd. (JRG Holdings) is an insurance and reinsurance holding company. The Company operates through four segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. The Excess and Surplus Lines segment offers commercial excess and surplus lines liability and excess property insurance products.

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