James River Group (NASDAQ:JRVR) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.55 and traded as low as $4.34. James River Group shares last traded at $4.45, with a volume of 457,286 shares trading hands.

Wall Street Analysts Forecast Growth

JRVR has been the topic of several research reports. Weiss Ratings lowered shares of James River Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 20th. Citizens Jmp restated a “market perform” rating on shares of James River Group in a research note on Tuesday, May 5th. Truist Financial upped their target price on James River Group from $6.00 to $7.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. Citigroup cut James River Group from a “hold” rating to a “market perform” rating in a research report on Tuesday, May 5th. Finally, UBS Group downgraded James River Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $8.00 to $4.75 in a report on Tuesday, May 19th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $6.44.

James River Group Trading Down 0.2%

The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. The stock has a market cap of $202.99 million, a P/E ratio of 12.91 and a beta of -0.16. The firm’s 50-day simple moving average is $4.47 and its 200 day simple moving average is $5.79.

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

James River Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 8th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, June 8th. James River Group’s dividend payout ratio (DPR) is currently 11.76%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JRVR. Clearstead Advisors LLC increased its holdings in shares of James River Group by 173.9% during the fourth quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 4,909 shares during the period. M&T Bank Corp acquired a new stake in James River Group in the fourth quarter worth about $65,000. Cerity Partners LLC acquired a new stake in James River Group in the second quarter worth about $61,000. PharVision Advisers LLC bought a new position in James River Group in the 3rd quarter valued at about $59,000. Finally, R Squared Ltd bought a new position in James River Group in the 3rd quarter valued at about $60,000. 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.