James River Group (NASDAQ:JRVR) Rating Lowered to “Sell” at StockNews.com

James River Group (NASDAQ:JRVR) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

A number of other research analysts also recently commented on JRVR. Truist Financial cut their target price on shares of James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. Compass Point cut their price objective on shares of James River Group from $7.75 to $6.25 and set a “buy” rating on the stock in a report on Monday, March 10th. Citigroup restated a “hold” rating on shares of James River Group in a report on Tuesday, March 11th. Keefe, Bruyette & Woods cut their price target on James River Group from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, March 13th. Finally, JMP Securities dropped their price objective on James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, James River Group presently has a consensus rating of “Hold” and an average target price of $6.06.

James River Group Trading Up 4.3 %

Shares of JRVR opened at $4.36 on Wednesday. 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 has a market capitalization of $199.01 million, a price-to-earnings ratio of -1.08 and a beta of 0.04. The company has a 50-day moving average of $4.53 and a 200 day moving average of $5.20. James River Group has a 1-year low of $3.00 and a 1-year high of $9.56.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share (EPS) 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 firm had revenue of $126.71 million during the quarter, compared to the consensus estimate of $159.91 million. During the same period last year, the company earned $0.33 EPS. On average, research analysts expect that James River Group will post -0.35 EPS for the current year.

Institutional Trading of James River Group

Institutional investors have recently bought and sold shares of the business. Aquatic Capital Management LLC purchased a new position in James River Group during the fourth quarter valued at $41,000. ProShare Advisors LLC purchased a new position in James River Group in the 4th quarter valued at about $51,000. Quantbot Technologies LP lifted its stake in James River Group by 24.8% in the 4th quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider’s stock valued at $61,000 after buying an additional 2,498 shares in the last quarter. Intech Investment Management LLC acquired a new stake in James River Group in the 4th quarter worth about $68,000. Finally, SG Americas Securities LLC increased its stake in James River Group by 41.6% during the 4th quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock worth $76,000 after buying an additional 4,586 shares in the last quarter. 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.