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

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have received an average rating of “Reduce” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $6.4375.

A number of research firms recently commented on JRVR. Weiss Ratings downgraded James River Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 20th. UBS Group downgraded James River Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $8.00 to $4.75 in a research note on Tuesday, May 19th. Zacks Research downgraded James River Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Citizens Jmp restated a “market perform” rating on shares of James River Group in a research report on Tuesday, May 5th. Finally, Wall Street Zen raised shares of James River Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th.

James River Group Stock Performance

Shares of NASDAQ:JRVR remained flat at $4.46 during midday trading on Friday. 374,791 shares of the company were exchanged, compared to its average volume of 436,132. The firm has a market capitalization of $206.22 million, a PE ratio of 13.12 and a beta of -0.19. The company’s 50 day moving average is $4.39 and its two-hundred day moving average is $5.77. James River Group has a 12-month low of $3.76 and a 12-month high of $7.20. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings results on Monday, May 4th. The insurance provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.15). The company had revenue of $151.38 million during the quarter, compared to the consensus estimate 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, sell-side analysts expect that James River Group will post 0.8 EPS for the current year.

James River Group Announces Dividend

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

Institutional Investors Weigh In On James River Group

Large investors have recently added to or reduced their stakes in the stock. Zimmer Partners LP raised its position in James River Group by 53.8% during the third quarter. Zimmer Partners LP now owns 4,591,638 shares of the insurance provider’s stock valued at $25,484,000 after purchasing an additional 1,605,828 shares during the period. Enstar Group LTD purchased a new stake in James River Group during the 4th quarter valued at $16,477,000. Donald Smith & CO. Inc. lifted its position in James River Group by 434.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,671,220 shares of the insurance provider’s stock worth $10,629,000 after buying an additional 1,358,785 shares during the last quarter. RBF Capital LLC boosted its stake in James River Group by 7.5% during the first quarter. RBF Capital LLC now owns 1,128,525 shares of the insurance provider’s stock worth $7,110,000 after buying an additional 78,525 shares during the period. Finally, Geode Capital Management LLC increased its position in James River Group by 10.5% during the second quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock valued at $5,875,000 after acquiring an additional 95,351 shares during the last quarter. 95.21% of the stock is owned by institutional investors.

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.