Other equities analysts have also recently issued reports about the company. ValuEngine cut Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. Zacks Investment Research cut Haynes International from a hold rating to a sell rating in a report on Wednesday, May 8th. Compass Point cut James River Group from a buy rating to a neutral rating and lowered their target price for the company from $47.00 to $39.00 in a report on Wednesday, April 3rd. Finally, B. Riley set a $20.00 target price on AMC Entertainment and gave the company a buy rating in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $42.50.
NASDAQ JRVR opened at $48.00 on Tuesday. The stock has a market cap of $1.45 billion, a PE ratio of 19.35 and a beta of 0.50. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.13. James River Group has a twelve month low of $34.08 and a twelve month high of $48.78. The business’s fifty day simple moving average is $46.30.
James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.09. The business had revenue of $214.13 million during the quarter, compared to analysts’ expectations of $216.00 million. James River Group had a return on equity of 10.63% and a net margin of 8.05%. Analysts expect that James River Group will post 2.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 10th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Friday, June 7th. James River Group’s dividend payout ratio (DPR) is 51.50%.
Several institutional investors and hedge funds have recently made changes to their positions in JRVR. Oregon Public Employees Retirement Fund purchased a new position in shares of James River Group in the 4th quarter valued at about $416,000. Prudential Financial Inc. boosted its stake in shares of James River Group by 3.8% in the 4th quarter. Prudential Financial Inc. now owns 50,641 shares of the insurance provider’s stock valued at $1,850,000 after buying an additional 1,866 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of James River Group by 38.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 972 shares of the insurance provider’s stock valued at $35,000 after buying an additional 271 shares during the period. Texas Permanent School Fund boosted its stake in shares of James River Group by 4.1% in the 4th quarter. Texas Permanent School Fund now owns 19,601 shares of the insurance provider’s stock valued at $716,000 after buying an additional 770 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of James River Group by 62.7% in the 4th quarter. Bessemer Group Inc. now owns 49,600 shares of the insurance provider’s stock valued at $1,812,000 after buying an additional 19,113 shares during the period. Institutional investors and hedge funds own 97.67% of the company’s stock.
About James River Group
James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. Its Excess and Surplus Lines segment underwrites liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.
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