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

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) have earned an average rating of "Hold" from the five research firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $6.06.

Several equities research analysts recently commented on the company. Citigroup reissued a "hold" rating on shares of James River Group in a research note on Tuesday, March 11th. StockNews.com lowered shares of James River Group from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. Truist Financial reduced their price objective on shares of James River Group from $6.00 to $5.00 and set a "hold" rating for the company in a research note on Tuesday, March 11th. JMP Securities lowered their target price on shares of 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. Finally, Keefe, Bruyette & Woods reduced their price target on James River Group from $6.00 to $5.00 and set a "market perform" rating for the company in a research report on Thursday, March 13th.

Institutional Investors Weigh In On James River Group

A number of hedge funds have recently made changes to their positions in the company. Gallatin Point Capital LLC bought a new stake in James River Group during the fourth quarter worth about $28,535,000. Boston Partners acquired a new position in shares of James River Group in the 4th quarter worth approximately $2,578,000. Price T Rowe Associates Inc. MD grew its position in James River Group by 101.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 850,526 shares of the insurance provider's stock worth $4,144,000 after acquiring an additional 428,636 shares during the last quarter. Zimmer Partners LP acquired a new stake in James River Group during the 4th quarter valued at $1,343,000. Finally, D. E. Shaw & Co. Inc. raised its position in James River Group by 9.2% in 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 purchasing an additional 93,348 shares during the last quarter. Institutional investors and hedge funds own 95.21% of the company's stock.

James River Group Stock Up 6.5 %

James River Group stock traded up $0.27 during trading hours on Monday, hitting $4.44. The company had a trading volume of 231,263 shares, compared to its average volume of 359,762. The firm's fifty day moving average is $4.34 and its 200-day moving average is $4.98. The firm has a market capitalization of $202.66 million, a P/E ratio of -1.10 and a beta of 0.04. James River Group has a fifty-two week low of $3.00 and a fifty-two week high of $9.56. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65.

James River Group (NASDAQ:JRVR - Get Free Report) 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 for the quarter, compared to analysts' expectations of $159.91 million. During the same quarter in the prior year, the business posted $0.33 earnings per share. On average, research analysts forecast that James River Group will post -0.35 earnings per share for the current year.

James River Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.90%. James River Group's dividend payout ratio is presently -1.38%.

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.