James River Group (NASDAQ:JRVR) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of James River Group (NASDAQ:JRVR) from a buy rating to a hold rating in a report released on Saturday morning.

A number of other research analysts have also recently weighed in on the company. Zacks Research upgraded James River Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Weiss Ratings restated a “sell (d-)” rating on shares of James River Group in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, James River Group has an average rating of “Hold” and an average price target of $6.06.

James River Group Price Performance

James River Group stock opened at $5.95 on Friday. James River Group has a 1 year low of $3.00 and a 1 year high of $6.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a 50 day moving average price of $5.52 and a 200 day moving average price of $5.61. The company has a market cap of $273.52 million, a price-to-earnings ratio of -2.86 and a beta of 0.01.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings results on Monday, November 3rd. The insurance provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. James River Group had a negative net margin of 7.64% and a positive return on equity of 7.11%. The company had revenue of $172.74 million for the quarter, compared to the consensus estimate of $179.21 million. Sell-side analysts predict that James River Group will post -0.35 earnings per share for the current year.

James River Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a $0.01 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.7%. James River Group’s dividend payout ratio (DPR) is -1.92%.

Hedge Funds Weigh In On James River Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Zimmer Partners LP raised its stake in shares of James River Group by 53.8% during the third quarter. Zimmer Partners LP now owns 4,591,638 shares of the insurance provider’s stock valued at $25,484,000 after purchasing an additional 1,605,828 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in James River Group by 0.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,057,300 shares of the insurance provider’s stock worth $8,641,000 after buying an additional 11,001 shares in the last quarter. Geode Capital Management LLC boosted its position in James River Group by 10.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock valued at $5,875,000 after buying an additional 95,351 shares during the last quarter. Boston Partners grew its stake in shares of James River Group by 7.9% during the third quarter. Boston Partners now owns 739,621 shares of the insurance provider’s stock valued at $4,105,000 after acquiring an additional 54,024 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of James River Group by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 719,379 shares of the insurance provider’s stock worth $3,993,000 after acquiring an additional 23,226 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.