James River Group (NASDAQ:JRVR) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

James River Group Holdings, Ltd. (NASDAQ:JRVR)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.45 and traded as low as $4.70. James River Group shares last traded at $4.70, with a volume of 157,221 shares changing hands.

Wall Street Analysts Forecast Growth

JRVR has been the topic of several research reports. Citigroup downgraded shares of James River Group from a “hold” rating to a “market perform” rating in a research report on Tuesday, May 5th. UBS Group cut shares of James River Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $8.00 to $4.75 in a research report on Tuesday, May 19th. Zacks Research raised shares of James River Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen upgraded shares of James River Group from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Finally, Weiss Ratings lowered shares of James River Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 20th. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, James River Group has an average rating of “Reduce” and a consensus price target of $6.44.

James River Group Price Performance

The firm has a market capitalization of $217.33 million, a price-to-earnings ratio of 13.82 and a beta of -0.20. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average is $4.36 and its two-hundred day moving average is $5.45.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Versant Capital Management Inc grew its stake in shares of James River Group by 176.0% during the second quarter. Versant Capital Management Inc now owns 6,179 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 3,940 shares during the period. Clearstead Advisors LLC lifted its stake in James River Group by 173.9% in the fourth quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider’s stock valued at $49,000 after buying an additional 4,909 shares during the period. M&T Bank Corp acquired a new position in James River Group in the fourth quarter valued at about $65,000. Cerity Partners LLC bought a new position in James River Group during the second quarter worth about $61,000. Finally, PharVision Advisers LLC bought a new position in James River Group during the third quarter worth about $59,000. Institutional investors and hedge funds 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.