StockNews.com Downgrades James River Group (NASDAQ:JRVR) to Sell

James River Group (NASDAQ:JRVR) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

JRVR has been the subject of several other research reports. Compass Point lowered their price target on shares of James River Group from $7.75 to $6.25 and set a “buy” rating for the company in a research report on Monday, March 10th. Citigroup reiterated a “hold” rating on shares of James River Group in a research report on Tuesday, March 11th. Truist Financial reduced their price target on James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. Keefe, Bruyette & Woods decreased their price objective on shares of James River Group from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, March 13th. Finally, JMP Securities decreased their price target on shares of James River Group from $11.00 to $8.00 and set a “market outperform” rating for the company in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.06.

James River Group Price Performance

Shares of JRVR opened at $4.01 on Tuesday. The business’s fifty day moving average price is $4.62 and its two-hundred day moving average price is $5.34. The firm has a market capitalization of $183.03 million, a price-to-earnings ratio of -0.99 and a beta of 0.04. James River Group has a 52 week low of $3.00 and a 52 week high of $9.56. 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 (NASDAQ:JRVR) last posted its quarterly earnings results 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). The firm had revenue of $126.71 million during the quarter, compared to the consensus estimate of $159.91 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. During the same quarter in the prior year, the business earned $0.33 EPS. On average, analysts predict that James River Group will post -0.35 earnings per share for the current year.

Institutional Trading of James River Group

A number of hedge funds and other institutional investors have recently made changes to their positions in JRVR. Gallatin Point Capital LLC acquired a new position in James River Group during the fourth quarter worth $28,535,000. Boston Partners bought a new stake in James River Group during the 4th quarter worth about $2,578,000. Price T Rowe Associates Inc. MD boosted its stake in shares of James River Group by 101.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 850,526 shares of the insurance provider’s stock worth $4,144,000 after buying an additional 428,636 shares during the last quarter. Zimmer Partners LP bought a new position in shares of James River Group in the 4th quarter valued at about $1,343,000. Finally, D. E. Shaw & Co. Inc. increased its position in shares of James River Group by 9.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,111,291 shares of the insurance provider’s stock valued at $5,412,000 after acquiring an additional 93,348 shares during the last quarter. 95.21% of the stock is currently owned by institutional investors and hedge funds.

James River Group Company Profile

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.