James River Group’s (JRVR) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of James River Group (NASDAQ:JRVR) in a research report sent to investors on Tuesday,Weiss Ratings reports.

Separately, Zacks Research cut shares of James River Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, James River Group has a consensus rating of “Hold” and an average target price of $6.06.

James River Group Price Performance

NASDAQ JRVR opened at $5.17 on Tuesday. The business has a 50 day simple moving average of $5.54 and a 200 day simple moving average of $5.33. James River Group has a 52-week low of $3.00 and a 52-week high of $7.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $237.41 million, a price-to-earnings ratio of -1.64 and a beta of 0.01.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings results on Monday, August 4th. The insurance provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $152.61 million during the quarter, compared to analysts’ expectations of $176.46 million. James River Group had a negative net margin of 13.50% and a negative return on equity of 1.97%. Analysts anticipate that James River Group will post -0.35 earnings per share for the current fiscal year.

James River Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, September 15th. James River Group’s dividend payout ratio is presently -1.27%.

Institutional Investors Weigh In On James River Group

Several large investors have recently made changes to their positions in the stock. CWM LLC boosted its holdings in shares of James River Group by 13.8% in the 3rd quarter. CWM LLC now owns 18,479 shares of the insurance provider’s stock valued at $103,000 after buying an additional 2,240 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in James River Group by 43.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 13,211 shares of the insurance provider’s stock valued at $77,000 after purchasing an additional 3,971 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in James River Group by 11.2% during the 2nd quarter. Bridgeway Capital Management LLC now owns 57,800 shares of the insurance provider’s stock valued at $339,000 after purchasing an additional 5,800 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in James River Group by 2.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 97,492 shares of the insurance provider’s stock valued at $571,000 after purchasing an additional 2,357 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in James River Group by 46.9% during the 2nd quarter. Jane Street Group LLC now owns 37,151 shares of the insurance provider’s stock valued at $218,000 after purchasing an additional 11,854 shares during the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.

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.