James River Group (NASDAQ:JRVR) Downgraded to “Sell” Rating by StockNews.com

James River Group (NASDAQ:JRVR) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Separately, JMP Securities dropped their price objective on James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a report on Friday, December 20th.

James River Group Stock Performance

James River Group stock opened at $4.07 on Friday. The stock’s 50 day moving average price is $4.72 and its 200 day moving average price is $5.49. The firm has a market capitalization of $185.77 million, a PE ratio of -1.00 and a beta of 0.04. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.65 and a current ratio of 0.65. James River Group has a one year low of $3.00 and a one year high of $9.56.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings data on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.66). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The business had revenue of $126.71 million for the quarter, compared to analysts’ expectations of $159.91 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. As a group, sell-side analysts expect that James River Group will post -0.35 EPS for the current fiscal year.

Institutional Investors Weigh In On James River Group

A number of institutional investors have recently made changes to their positions in the company. Rhumbline Advisers increased its holdings in shares of James River Group by 4.1% in the 4th quarter. Rhumbline Advisers now owns 55,967 shares of the insurance provider’s stock valued at $273,000 after acquiring an additional 2,179 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of James River Group by 24.8% in the 4th quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 2,498 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of James River Group by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 195,791 shares of the insurance provider’s stock valued at $1,228,000 after acquiring an additional 3,433 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in James River Group by 22.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,028 shares of the insurance provider’s stock valued at $102,000 after purchasing an additional 3,839 shares during the period. Finally, SG Americas Securities LLC boosted its position in James River Group by 41.6% during the 4th quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 4,586 shares during the period. 95.21% of the stock is currently owned by institutional investors.

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.