Brokerages Set James River Group Holdings, Ltd. (NASDAQ:JRVR) Price Target at $11.17

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) has been assigned a consensus rating of "Hold" from the six brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $11.17.

A number of research analysts have recently commented on the stock. Truist Financial decreased their price objective on shares of James River Group from $9.00 to $8.00 and set a "hold" rating for the company in a research report on Wednesday, August 7th. JMP Securities lowered their price target on James River Group from $14.00 to $11.00 and set a "market outperform" rating on the stock in a research report on Tuesday, August 6th. Finally, Compass Point dropped their price objective on James River Group from $12.50 to $12.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th.

James River Group Stock Up 3.0 %

JRVR traded up $0.20 during trading on Wednesday, reaching $6.80. The company had a trading volume of 231,727 shares, compared to its average volume of 708,277. The business's fifty day moving average price is $6.81 and its 200 day moving average price is $7.65. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.64 and a quick ratio of 0.64. James River Group has a 12 month low of $6.12 and a 12 month high of $15.47. The company has a market cap of $257.22 million, a P/E ratio of -3.25 and a beta of 0.16.

James River Group (NASDAQ:JRVR - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The insurance provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.09). The business had revenue of $188.30 million for the quarter, compared to the consensus estimate of $169.39 million. James River Group had a positive return on equity of 11.66% and a negative net margin of 12.79%. The company's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm earned $0.53 earnings per share. Equities analysts anticipate that James River Group will post 1.85 EPS for the current year.

James River Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.05 per share. The ex-dividend date was Monday, September 16th. This represents a $0.20 annualized dividend and a yield of 2.94%. James River Group's dividend payout ratio (DPR) is presently -9.57%.

Hedge Funds Weigh In On James River Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Los Angeles Capital Management LLC boosted its stake in James River Group by 9.4% in the 1st quarter. Los Angeles Capital Management LLC now owns 40,830 shares of the insurance provider's stock valued at $380,000 after purchasing an additional 3,500 shares during the period. Empowered Funds LLC boosted its position in shares of James River Group by 8.2% in the first quarter. Empowered Funds LLC now owns 99,453 shares of the insurance provider's stock valued at $925,000 after acquiring an additional 7,515 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of James River Group by 32.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 37,989 shares of the insurance provider's stock valued at $355,000 after acquiring an additional 9,414 shares in the last quarter. Levin Capital Strategies L.P. bought a new position in James River Group during the first quarter worth about $93,000. Finally, Sei Investments Co. acquired a new stake in James River Group in the 2nd quarter worth about $83,000. Institutional investors and hedge funds 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.