Compass Point Cuts James River Group (NASDAQ:JRVR) Price Target to $6.25

James River Group (NASDAQ:JRVR) had its price objective reduced by Compass Point from $7.75 to $6.25 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the insurance provider’s stock.

JRVR has been the subject of a number of other reports. JMP Securities lowered their price objective on James River Group from $11.00 to $8.00 and set a “market outperform” rating for the company in a research report on Friday, December 20th. StockNews.com cut shares of James River Group from a “hold” rating to a “sell” rating in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.42.

James River Group Stock Up 4.3 %

Shares of NASDAQ:JRVR opened at $4.11 on Monday. The firm has a market capitalization of $187.60 million, a PE ratio of -1.01 and a beta of 0.04. James River Group has a 1 year low of $3.00 and a 1 year high of $9.56. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. The firm’s 50-day moving average is $4.69 and its two-hundred day moving average is $5.43.

James River Group (NASDAQ:JRVR) last announced its earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.66). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The business had revenue of $126.71 million for the quarter, compared to analysts’ expectations of $159.91 million. During the same period in the previous year, the company earned $0.33 earnings per share. Analysts predict that James River Group will post -0.35 EPS for the current year.

James River Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, March 10th. James River Group’s dividend payout ratio (DPR) is presently -1.38%.

Hedge Funds Weigh In On James River Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JRVR. Zimmer Partners LP purchased a new stake in James River Group in the fourth quarter valued at $1,343,000. ProShare Advisors LLC purchased a new stake in shares of James River Group in the 4th quarter valued at about $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of James River Group by 22.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,028 shares of the insurance provider’s stock valued at $102,000 after purchasing an additional 3,839 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in James River Group by 9.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,111,291 shares of the insurance provider’s stock worth $5,412,000 after buying an additional 93,348 shares during the last quarter. Finally, Cantor Fitzgerald L. P. acquired a new position in James River Group during the fourth quarter worth approximately $429,000. 95.21% of the stock is owned by institutional investors and hedge funds.

About James River Group

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.