James River Group (NASDAQ:JRVR) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

James River Group Holdings, Ltd. (NASDAQ:JRVR) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.53 and traded as high as $6.80. James River Group shares last traded at $6.75, with a volume of 199,537 shares changing hands.

Analysts Set New Price Targets

JRVR has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of James River Group in a report on Monday, December 29th. Compass Point cut shares of James River Group from a “buy” rating to a “neutral” rating and set a $7.00 target price for the company. in a report on Tuesday, December 16th. Wall Street Zen downgraded James River Group from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Raymond James Financial set a $7.00 price target on shares of James River Group in a report on Tuesday, December 16th. Finally, Zacks Research downgraded James River Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.40.

James River Group Stock Up 2.4%

The stock has a market cap of $310.30 million, a P/E ratio of -3.25 and a beta of -0.04. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.45. The firm’s fifty day moving average is $6.53 and its 200 day moving average is $5.89.

Institutional Trading of James River Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JRVR. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of James River Group by 13.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,142 shares of the insurance provider’s stock worth $93,000 after buying an additional 1,772 shares during the last quarter. Sowell Financial Services LLC increased its position in James River Group by 15.4% during the third quarter. Sowell Financial Services LLC now owns 15,000 shares of the insurance provider’s stock worth $83,000 after acquiring an additional 2,000 shares during the period. Cerity Partners LLC increased its position in James River Group by 15.5% during the fourth quarter. Cerity Partners LLC now owns 15,388 shares of the insurance provider’s stock worth $98,000 after acquiring an additional 2,062 shares during the period. CWM LLC raised its stake in James River Group by 13.8% during the 3rd quarter. CWM LLC now owns 18,479 shares of the insurance provider’s stock valued at $103,000 after purchasing an additional 2,240 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in James River Group by 2.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 97,492 shares of the insurance provider’s stock valued at $571,000 after purchasing an additional 2,357 shares during the period. 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, 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.