Brokerages Set James River Group Holdings, Ltd. (NASDAQ:JRVR) Price Target at $11.17

James River Group Holdings, Ltd. (NASDAQ:JRVR) has been assigned an average rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $11.17.

A number of equities research analysts recently issued reports on the stock. Truist Financial dropped their price target on shares of James River Group from $9.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. JMP Securities decreased their price target on shares of James River Group from $14.00 to $11.00 and set a “market outperform” rating on the stock in a research note on Tuesday, August 6th. Finally, Compass Point reduced their target price on James River Group from $12.50 to $12.00 and set a “buy” rating for the company in a report on Wednesday, August 7th.

Institutional Investors Weigh In On James River Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Levin Capital Strategies L.P. acquired a new stake in shares of James River Group during the 1st quarter worth approximately $93,000. Sei Investments Co. acquired a new position in shares of James River Group in the 2nd quarter valued at $83,000. SG Americas Securities LLC purchased a new position in shares of James River Group during the 3rd quarter worth $69,000. Simplicity Wealth LLC acquired a new stake in shares of James River Group during the 2nd quarter worth about $93,000. Finally, Quadrature Capital Ltd purchased a new stake in James River Group in the 1st quarter valued at about $172,000. 95.21% of the stock is currently owned by institutional investors and hedge funds.

James River Group Stock Up 2.0 %

JRVR stock opened at $7.17 on Wednesday. James River Group has a one year low of $6.12 and a one year high of $15.02. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.64 and a current ratio of 0.64. The firm’s fifty day moving average is $6.81 and its 200 day moving average is $7.65. The firm has a market cap of $271.21 million, a PE ratio of -3.40 and a beta of 0.16.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings results on Monday, August 5th. The insurance provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.09). The business had revenue of $188.30 million during the quarter, compared to analysts’ expectations of $169.39 million. James River Group had a negative net margin of 12.79% and a positive return on equity of 11.66%. During the same quarter in the prior year, the firm earned $0.53 EPS. James River Group’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, research analysts forecast that James River Group will post 1.85 EPS for the current year.

James River Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.05 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.79%. James River Group’s dividend payout ratio is presently -9.57%.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.