James River Group (NASDAQ:JRVR) Cut to "Sell" at StockNews.com

James River Group (NASDAQ:JRVR - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Wednesday.

A number of other brokerages have also issued reports on JRVR. JMP Securities decreased their price target on James River Group from $11.00 to $8.00 and set a "market outperform" rating on the stock in a research note on Friday, December 20th. Compass Point dropped 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, March 10th. Truist Financial reduced their price objective on James River Group from $6.00 to $5.00 and set a "hold" rating on the stock in a research note on Tuesday, March 11th. Keefe, Bruyette & Woods cut their target price on shares of James River Group from $6.00 to $5.00 and set a "market perform" rating on the stock in a research note on Thursday, March 13th. Finally, Citigroup reaffirmed a "hold" rating on shares of James River Group in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, James River Group presently has an average rating of "Hold" and an average price target of $6.06.

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James River Group Price Performance

JRVR stock traded down $0.11 on Wednesday, reaching $4.25. 136,426 shares of the company's stock were exchanged, compared to its average volume of 368,574. The firm has a market cap of $193.99 million, a PE ratio of -1.05 and a beta of 0.04. James River Group has a twelve month low of $3.00 and a twelve month high of $9.56. The stock has a fifty day moving average of $4.51 and a 200-day moving average of $5.17. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38.

James River Group (NASDAQ:JRVR - Get Free Report) last issued 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 analyst estimates of $159.91 million. During the same period in the prior year, the firm posted $0.33 earnings per share. As a group, equities analysts predict that James River Group will post -0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers boosted its stake in shares of James River Group by 4.1% during the 4th quarter. Rhumbline Advisers now owns 55,967 shares of the insurance provider's stock valued at $273,000 after buying an additional 2,179 shares during the last quarter. Quantbot Technologies LP grew its stake in James River Group by 24.8% in the fourth quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider's stock worth $61,000 after purchasing an additional 2,498 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in James River Group by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 195,791 shares of the insurance provider's stock valued at $1,228,000 after buying an additional 3,433 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in James River Group by 22.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,028 shares of the insurance provider's stock valued at $102,000 after buying an additional 3,839 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings 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 during the last quarter. Hedge funds and other institutional investors own 95.21% of the company's stock.

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.