James River Group Holdings, Ltd. (NASDAQ:JRVR) Given Average Recommendation of “Hold” by Analysts

James River Group Holdings, Ltd. (NASDAQ:JRVR) has earned a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $12.33.

JRVR has been the subject of several analyst reports. JMP Securities restated a “market outperform” rating and issued a $15.00 target price on shares of James River Group in a research note on Monday, April 15th. Compass Point upgraded shares of James River Group from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Friday, March 22nd. UBS Group reduced their price objective on shares of James River Group from $34.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 5th. Truist Financial dropped their target price on shares of James River Group from $15.00 to $11.00 and set a “hold” rating on the stock in a report on Friday, March 1st. Finally, Keefe, Bruyette & Woods dropped their target price on shares of James River Group from $11.00 to $9.00 and set a “market perform” rating on the stock in a report on Thursday, March 7th.

James River Group Stock Performance

Shares of JRVR stock opened at $9.26 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.55 and a current ratio of 0.55. James River Group has a one year low of $6.35 and a one year high of $22.15. The company has a 50 day moving average price of $9.16 and a 200 day moving average price of $10.00. The firm has a market capitalization of $348.73 million, a price-to-earnings ratio of -4.10 and a beta of 0.18.

James River Group (NASDAQ:JRVR) last released its quarterly earnings data on Wednesday, February 28th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.10). James River Group had a positive return on equity of 13.75% and a negative net margin of 10.80%. The business had revenue of $218.10 million for the quarter, compared to analysts’ expectations of $216.80 million. Sell-side analysts anticipate that James River Group will post 1.75 EPS for the current year.

James River Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 11th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.20 annualized dividend and a dividend yield of 2.16%. James River Group’s dividend payout ratio (DPR) is -8.85%.

Hedge Funds Weigh In On James River Group

Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its holdings in shares of James River Group by 475.9% in the third quarter. PNC Financial Services Group Inc. now owns 4,394 shares of the insurance provider’s stock worth $67,000 after buying an additional 3,631 shares during the period. Quantbot Technologies LP boosted its holdings in shares of James River Group by 68.7% in the third quarter. Quantbot Technologies LP now owns 4,845 shares of the insurance provider’s stock worth $74,000 after buying an additional 1,973 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of James River Group by 89.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,775 shares of the insurance provider’s stock worth $119,000 after buying an additional 3,668 shares during the period. CenterBook Partners LP acquired a new position in shares of James River Group in the third quarter worth about $159,000. Finally, Aigen Investment Management LP purchased a new stake in shares of James River Group in the third quarter worth approximately $169,000. Institutional investors own 95.21% of the company’s stock.

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.