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

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have been assigned a consensus recommendation of “Reduce” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $6.4375.

A number of research firms recently issued reports on JRVR. Citigroup downgraded shares of James River Group from a “hold” rating to a “market perform” rating in a research note on Tuesday, May 5th. UBS Group downgraded shares of James River Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $8.00 to $4.75 in a research report on Tuesday. Weiss Ratings downgraded shares of James River Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday. Truist Financial lifted their price target on shares of James River Group from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of James River Group in a research note on Tuesday, May 5th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in James River Group by 13.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,142 shares of the insurance provider’s stock valued at $93,000 after acquiring an additional 1,772 shares during the period. Cerity Partners LLC raised its holdings in shares of James River Group by 15.5% in the 4th quarter. Cerity Partners LLC now owns 15,388 shares of the insurance provider’s stock valued at $98,000 after purchasing an additional 2,062 shares in the last quarter. CWM LLC increased its position in James River Group by 13.8% during the third quarter. CWM LLC now owns 18,479 shares of the insurance provider’s stock worth $103,000 after buying an additional 2,240 shares during the period. Ameriprise Financial Inc. raised its position in James River Group by 2.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 97,492 shares of the insurance provider’s stock worth $571,000 after buying an additional 2,357 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of James River Group by 13.0% during the 1st quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider’s stock worth $106,000 after acquiring an additional 2,918 shares in the last quarter. 95.21% of the stock is owned by institutional investors.

James River Group Stock Performance

Shares of JRVR opened at $4.00 on Friday. The company has a market cap of $184.95 million, a PE ratio of 11.77 and a beta of -0.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.64 and a quick ratio of 0.64. James River Group has a one year low of $3.76 and a one year high of $7.20. The stock has a 50-day moving average of $5.71 and a 200-day moving average of $6.12.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings results on Monday, May 4th. The insurance provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $151.38 million during the quarter, compared to the consensus estimate of $155.07 million. On average, equities research analysts predict that James River Group will post 0.8 EPS for the current fiscal year.

James River Group Announces Dividend

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

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.