James River Group (NASDAQ:JRVR) Share Price Passes Above 50-Day Moving Average – Should You Sell?

James River Group Holdings, Ltd. (NASDAQ:JRVR) shares crossed 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 traded.

Analyst Upgrades and Downgrades

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

James River Group Stock Up 1.8%

The company has a market capitalization of $315.79 million, a price-to-earnings ratio of -3.30 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 50 day simple moving average is $6.54 and its 200-day simple moving average is $5.90.

Hedge Funds Weigh In On James River Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Boston Partners lifted its stake in shares of James River Group by 34.0% in the second quarter. Boston Partners now owns 685,597 shares of the insurance provider’s stock valued at $4,018,000 after purchasing an additional 173,981 shares during the period. Brandywine Global Investment Management LLC acquired a new position in James River Group during the second quarter worth about $99,000. Kennedy Capital Management LLC increased its holdings in James River Group by 47.8% in the second quarter. Kennedy Capital Management LLC now owns 432,568 shares of the insurance provider’s stock valued at $2,535,000 after buying an additional 139,883 shares in the last quarter. FNY Investment Advisers LLC lifted its position in shares of James River Group by 70.2% during the 2nd quarter. FNY Investment Advisers LLC now owns 41,713 shares of the insurance provider’s stock valued at $244,000 after acquiring an additional 17,208 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of James River Group by 81.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 156,324 shares of the insurance provider’s stock valued at $868,000 after acquiring an additional 70,183 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.