James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives Consensus Recommendation of “Reduce” from Analysts

James River Group Holdings, Ltd. (NASDAQ:JRVR) has been assigned an average recommendation of “Reduce” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.4375.

Several research analysts recently weighed in on JRVR shares. Wall Street Zen downgraded shares of James River Group from a “hold” rating to a “sell” rating in a research note on Saturday. Truist Financial boosted their target price on shares of James River Group from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. Citizens Jmp reissued a “market perform” rating on shares of James River Group in a research note on Tuesday, May 5th. Weiss Ratings downgraded shares of James River Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 20th. Finally, UBS Group downgraded shares of James River Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $8.00 to $4.75 in a research note on Tuesday, May 19th.

James River Group Stock Performance

NASDAQ:JRVR opened at $3.97 on Wednesday. The company has a market capitalization of $183.57 million, a PE ratio of 11.68 and a beta of -0.16. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.44. James River Group has a 52-week low of $3.76 and a 52-week high of $7.20. The stock has a fifty day simple moving average of $5.14 and a 200-day simple moving average of $5.99.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Monday, May 4th. The insurance provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.15). James River Group had a return on equity of 10.79% and a net margin of 4.34%.The firm had revenue of $151.38 million for the quarter, compared to analyst estimates of $155.07 million. On average, equities research analysts expect that James River Group will post 0.8 earnings per share for the current fiscal year.

James River Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 8th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.04 annualized dividend and a yield of 1.0%. James River Group’s payout ratio is presently 11.76%.

Institutional Trading of James River Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JRVR. Jane Street Group LLC grew its holdings in James River Group by 13.0% in the 1st quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider’s stock valued at $106,000 after buying an additional 2,918 shares during the period. Geode Capital Management LLC grew its holdings 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 period. Invesco Ltd. grew its holdings in James River Group by 7.6% in the 2nd quarter. Invesco Ltd. now owns 298,243 shares of the insurance provider’s stock valued at $1,748,000 after buying an additional 20,954 shares during the period. First Trust Advisors LP grew its holdings in James River Group by 26.2% in the 2nd quarter. First Trust Advisors LP now owns 148,153 shares of the insurance provider’s stock valued at $868,000 after buying an additional 30,802 shares during the period. Finally, Cerity Partners LLC purchased a new stake in James River Group in the 2nd quarter valued at about $61,000. 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, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.