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

StockNews.com cut shares of James River Group (NASDAQ:JRVR - Free Report) from a hold rating to a sell rating in a research note released on Tuesday.

A number of other research analysts also recently commented on the company. JMP Securities reduced their target price on James River Group from $11.00 to $8.00 and set a "market outperform" rating on the stock in a report on Friday, December 20th. Keefe, Bruyette & Woods dropped their target price on James River Group from $6.00 to $5.00 and set a "market perform" rating on the stock in a research report on Thursday, March 13th. 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 research report on Monday, March 10th. Truist Financial decreased their target price on shares of James River Group from $6.00 to $5.00 and set a "hold" rating for the company in a research report on Tuesday, March 11th. Finally, Citigroup reiterated a "hold" rating on shares of James River Group in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $6.06.

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James River Group Stock Up 2.0 %

Shares of NASDAQ JRVR traded up $0.08 during trading on Tuesday, reaching $3.98. 197,307 shares of the stock were exchanged, compared to its average volume of 382,640. James River Group has a twelve month low of $3.00 and a twelve month high of $9.56. The company has a market capitalization of $181.57 million, a price-to-earnings ratio of -0.98 and a beta of 0.04. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38. The business's 50-day moving average price is $4.57 and its 200 day moving average price is $5.29.

James River Group (NASDAQ:JRVR - Get Free Report) last issued its quarterly 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 analysts' expectations of $159.91 million. During the same period in the prior year, the company posted $0.33 EPS. As a group, equities analysts forecast that James River Group will post -0.35 EPS for the current fiscal year.

James River Group Dividend Announcement

The company also recently announced 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 1.01%. The ex-dividend date of this dividend is Monday, March 10th. James River Group's payout ratio is currently -1.38%.

Hedge Funds Weigh In On James River Group

Several large investors have recently made changes to their positions in JRVR. Rhumbline Advisers boosted its holdings in James River Group by 4.1% during the fourth quarter. Rhumbline Advisers now owns 55,967 shares of the insurance provider's stock worth $273,000 after buying an additional 2,179 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of James River Group by 24.8% during the fourth quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider's stock valued at $61,000 after purchasing an additional 2,498 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of James River Group by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 195,791 shares of the insurance provider's stock valued at $1,228,000 after purchasing an additional 3,433 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in James River Group by 22.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,028 shares of the insurance provider's stock worth $102,000 after purchasing an additional 3,839 shares in the last quarter. Finally, SG Americas Securities LLC raised 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 period. Institutional investors 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.