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 Friday.

Separately, JMP Securities cut their price target on James River Group from $11.00 to $8.00 and set a "market outperform" rating for the company in a research note on Friday, December 20th.

James River Group Stock Up 0.3 %

James River Group stock traded up $0.01 during trading on Friday, hitting $3.94. 467,975 shares of the company were exchanged, compared to its average volume of 467,775. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. The business's 50 day moving average is $4.69 and its 200 day moving average is $5.43. James River Group has a 52 week low of $3.00 and a 52 week high of $9.56. The company has a market capitalization of $179.84 million, a P/E ratio of -0.97 and a beta of 0.04.

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 the consensus estimate 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 firm had revenue of $126.71 million during the quarter, compared to analysts' expectations of $159.91 million. During the same quarter in the prior year, the company earned $0.33 EPS. Analysts predict that James River Group will post -0.35 earnings per share for the current year.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Zimmer Partners LP purchased a new stake in shares of James River Group in the 4th quarter worth approximately $1,343,000. ProShare Advisors LLC bought a new stake in James River Group during the 4th quarter valued at approximately $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 purchasing an additional 3,839 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in James River Group by 9.2% during the fourth 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. Finally, Cantor Fitzgerald L. P. purchased a new position in shares of James River Group in the 4th quarter worth $429,000. 95.21% of the stock is currently owned by institutional investors.

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.