James River Group Holdings, Ltd. (NASDAQ:JRVR) Given Consensus Recommendation of "Hold" by Brokerages

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) has received a consensus recommendation of "Hold" from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $6.06.

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of James River Group from $6.00 to $5.00 and set a "market perform" rating for the company in a research note on Thursday. Truist Financial decreased their price objective on James River Group from $6.00 to $5.00 and set a "hold" rating for the company in a research report on Tuesday. Compass Point cut their price target on James River Group from $7.75 to $6.25 and set a "buy" rating for the company in a research note on Monday. Citigroup reiterated a "hold" rating on shares of James River Group in a research report on Tuesday. Finally, StockNews.com cut shares of James River Group from a "hold" rating to a "sell" rating in a research note on Friday, March 7th.

James River Group Trading Up 4.3 %

NASDAQ:JRVR opened at $4.11 on Thursday. The company has a market capitalization of $187.60 million, a PE ratio of -1.01 and a beta of 0.04. James River Group has a 52-week low of $3.00 and a 52-week high of $9.56. The stock's 50 day moving average price is $4.69 and its 200 day moving average price is $5.43. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38.

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James River Group (NASDAQ:JRVR - Get Free Report) last announced its earnings results on Monday, March 3rd. The insurance provider reported ($0.99) EPS for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.66). James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. The business had revenue of $126.71 million during the quarter, compared to analyst estimates of $159.91 million. During the same period in the previous year, the firm earned $0.33 earnings per share. On average, research analysts anticipate that James River Group will post -0.35 EPS for the current year.

James River Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Monday, March 10th. James River Group's dividend payout ratio is presently -1.38%.

Institutional Investors Weigh In On James River Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Gallatin Point Capital LLC acquired a new position in shares of James River Group during the 4th quarter worth $28,535,000. Boston Partners acquired a new position in James River Group during the fourth quarter worth about $2,578,000. Price T Rowe Associates Inc. MD increased its holdings in James River Group by 101.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 850,526 shares of the insurance provider's stock valued at $4,144,000 after buying an additional 428,636 shares in the last quarter. Zimmer Partners LP purchased a new position in James River Group in the fourth quarter valued at about $1,343,000. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of James River Group by 9.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,111,291 shares of the insurance provider's stock valued at $5,412,000 after acquiring an additional 93,348 shares during the period. 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.

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