James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives Consensus Rating of “Hold” from Brokerages

James River Group Holdings, Ltd. (NASDAQ:JRVR) has received a consensus recommendation of “Hold” from the six research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.67.

Separately, JMP Securities cut their price target on James River Group from $14.00 to $11.00 and set a “market outperform” rating for the company in a research note on Tuesday.

James River Group Stock Performance

Shares of NASDAQ JRVR opened at $7.14 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market cap of $270.08 million, a price-to-earnings ratio of -3.42 and a beta of 0.16. The stock’s fifty day moving average price is $7.77 and its two-hundred day moving average price is $8.54. James River Group has a one year low of $6.35 and a one year high of $17.94.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings data on Monday, August 5th. The insurance provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.09). James River Group had a positive return on equity of 12.85% and a negative net margin of 10.56%. The business had revenue of $188.30 million during the quarter, compared to analyst estimates of $169.39 million. During the same quarter last year, the firm earned $0.53 EPS. James River Group’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, equities analysts forecast that James River Group will post 1.75 EPS for the current year.

James River Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 10th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, June 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.80%. James River Group’s dividend payout ratio (DPR) is currently -9.57%.

Institutional Trading of James River Group

Several large investors have recently bought and sold shares of JRVR. Allspring Global Investments Holdings LLC lifted its stake in James River Group by 53.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 37,189 shares of the insurance provider’s stock valued at $287,000 after purchasing an additional 12,942 shares during the last quarter. Pallas Capital Advisors LLC bought a new position in James River Group in the second quarter valued at about $170,000. Simplicity Wealth LLC acquired a new stake in shares of James River Group during the second quarter valued at about $93,000. CWM LLC grew its holdings in shares of James River Group by 1,902.6% during the second quarter. CWM LLC now owns 27,636 shares of the insurance provider’s stock worth $214,000 after purchasing an additional 26,256 shares during the last quarter. Finally, Levin Capital Strategies L.P. acquired a new position in shares of James River Group in the first quarter valued at approximately $93,000. 95.21% of the stock is owned by institutional investors and hedge funds.

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.