James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives $11.17 Average Price Target from Analysts

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $11.17.

JRVR has been the subject of several recent analyst reports. JMP Securities cut their price objective on James River Group from $14.00 to $11.00 and set a “market outperform” rating for the company in a report on Tuesday, August 6th. Compass Point lowered their price objective on shares of James River Group from $12.50 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, Truist Financial dropped their target price on shares of James River Group from $9.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th.

Institutional Investors Weigh In On James River Group

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of James River Group by 22.9% during the first quarter. Vanguard Group Inc. now owns 2,579,287 shares of the insurance provider’s stock worth $23,987,000 after purchasing an additional 479,823 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of James River Group by 143.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 512,968 shares of the insurance provider’s stock worth $4,771,000 after buying an additional 302,257 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of James River Group in the fourth quarter valued at about $357,000. Trexquant Investment LP grew its stake in shares of James River Group by 135.6% in the fourth quarter. Trexquant Investment LP now owns 105,551 shares of the insurance provider’s stock valued at $975,000 after acquiring an additional 60,741 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in James River Group by 50.5% during the fourth quarter. BNP Paribas Financial Markets now owns 70,307 shares of the insurance provider’s stock worth $650,000 after acquiring an additional 23,597 shares during the period. 95.21% of the stock is currently owned by institutional investors and hedge funds.

James River Group Trading Down 1.1 %

Shares of NASDAQ:JRVR opened at $6.27 on Friday. The company’s 50-day moving average price is $7.24 and its two-hundred day moving average price is $7.82. James River Group has a one year low of $6.14 and a one year high of $15.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $237.17 million, a PE ratio of -3.00 and a beta of 0.17.

James River Group (NASDAQ:JRVR) last released its earnings results on Monday, August 5th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.09). The company had revenue of $188.30 million for the quarter, compared to the consensus estimate of $169.39 million. James River Group had a positive return on equity of 11.66% and a negative net margin of 12.79%. The business’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 EPS. On average, equities analysts forecast that James River Group will post 1.85 EPS for the current fiscal year.

James River Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Monday, September 16th. James River Group’s payout ratio is -9.57%.

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.