James River Group Holdings, Ltd. (NASDAQ:JRVR) Given Average Rating of “Hold” by Analysts

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have earned an average rating of “Hold” from the five analysts that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.25.

A number of equities analysts have issued reports on JRVR shares. Wall Street Zen upgraded James River Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Raymond James Financial set a $7.00 price target on James River Group in a report on Tuesday, December 16th. 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 report on Tuesday, March 3rd. Zacks Research downgraded shares of James River Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Compass Point downgraded shares of James River Group from a “buy” rating to a “neutral” rating and set a $7.00 price target on the stock. in a report on Tuesday, December 16th.

James River Group Stock Down 1.8%

Shares of JRVR traded down $0.11 during trading hours on Friday, reaching $6.18. The stock had a trading volume of 30,093 shares, compared to its average volume of 269,057. The firm has a 50-day simple moving average of $6.64 and a 200 day simple moving average of $6.07. James River Group has a 12 month low of $3.85 and a 12 month high of $7.20. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $283.91 million, a price-to-earnings ratio of 8.47 and a beta of -0.06.

James River Group (NASDAQ:JRVR) last released its quarterly earnings data on Tuesday, March 3rd. The insurance provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The business had revenue of $167.75 million for the quarter, compared to analyst estimates of $171.98 million. James River Group had a return on equity of 12.01% and a net margin of 6.90%. Equities research analysts predict that James River Group will post -0.35 earnings per share for the current fiscal year.

James River Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.04 annualized dividend and a yield of 0.6%. James River Group’s dividend payout ratio (DPR) is currently 5.48%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Flax Pond Capital LLC bought a new stake in James River Group during the fourth quarter valued at approximately $3,427,000. Occudo Quantitative Strategies LP bought a new stake in shares of James River Group during the 4th quarter worth $189,000. Odyssean LLC purchased a new position in James River Group in the fourth quarter worth $141,000. Schonfeld Strategic Advisors LLC bought a new position in James River Group in the fourth quarter valued at $139,000. Finally, Jump Financial LLC purchased a new stake in James River Group during the fourth quarter valued at about $76,000. 95.21% of the stock is currently owned by institutional investors.

About James River Group

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.