Truist Financial Issues Pessimistic Forecast for James River Group (NASDAQ:JRVR) Stock Price

James River Group (NASDAQ:JRVR - Get Free Report) had its target price reduced by analysts at Truist Financial from $6.00 to $5.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "hold" rating on the insurance provider's stock. Truist Financial's price target would indicate a potential upside of 30.04% from the stock's previous close.

A number of other brokerages also recently issued reports on JRVR. Compass Point decreased their price target on shares of James River Group from $7.75 to $6.25 and set a "buy" rating for the company in a research note on Monday. StockNews.com lowered James River Group from a "hold" rating to a "sell" rating in a report on Friday. Finally, JMP Securities cut 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.

James River Group Stock Down 2.2 %

Shares of James River Group stock traded down $0.09 during trading hours on Tuesday, reaching $3.85. 241,090 shares of the company were exchanged, compared to its average volume of 466,902. The firm has a market cap of $175.50 million, a PE ratio of -0.95 and a beta of 0.04. The stock's fifty day moving average is $4.72 and its 200 day moving average is $5.48. James River Group has a 1 year low of $3.00 and a 1 year high of $9.56. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.65 and a current ratio of 0.65.

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James River Group (NASDAQ:JRVR - Get Free Report) last posted its quarterly earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.66). The company had revenue of $126.71 million during the quarter, compared to analyst estimates of $159.91 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. During the same period in the prior year, the business earned $0.33 EPS. As a group, equities research analysts forecast that James River Group will post -0.35 earnings per share for the current year.

Institutional Investors Weigh In On James River Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Aquatic Capital Management LLC acquired a new stake in shares of James River Group during the fourth quarter worth about $41,000. ProShare Advisors LLC acquired a new position in James River Group during the fourth quarter worth approximately $51,000. Quantbot Technologies LP lifted 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 valued at $61,000 after buying an additional 2,498 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of James River Group in the fourth quarter valued at approximately $68,000. Finally, SG Americas Securities LLC grew its position in shares of James River Group by 41.6% during the fourth quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider's stock worth $76,000 after acquiring an additional 4,586 shares during the last quarter. 95.21% of the stock is currently owned by institutional investors and hedge funds.

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.

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