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

StockNews.com cut shares of James River Group (NASDAQ:JRVR) from a hold rating to a sell rating in a research report report published on Wednesday.

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

James River Group Price Performance

Shares of James River Group stock opened at $4.18 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. James River Group has a one year low of $3.00 and a one year high of $9.56. The business’s 50 day simple moving average is $4.53 and its two-hundred day simple moving average is $5.20. The stock has a market capitalization of $190.79 million, a P/E ratio of -1.03 and a beta of 0.04.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 positive return on equity of 3.90% and a negative net margin of 20.84%. During the same period last year, the business earned $0.33 EPS. Analysts forecast that James River Group will post -0.35 EPS for the current year.

James River Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.04 dividend on an annualized basis and a yield of 0.96%. James River Group’s dividend payout ratio (DPR) is -1.38%.

Institutional Trading of James River Group

Hedge funds have recently modified their holdings of the business. Aquatic Capital Management LLC bought a new stake in James River Group during the fourth quarter worth about $41,000. ProShare Advisors LLC purchased a new position in shares of James River Group during the fourth quarter valued at approximately $51,000. Quantbot Technologies LP boosted its position 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 worth $61,000 after purchasing an additional 2,498 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of James River Group in the 4th quarter worth approximately $68,000. Finally, SG Americas Securities LLC grew its stake in shares of James River Group by 41.6% in the 4th quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock worth $76,000 after buying an additional 4,586 shares during the last quarter. Institutional investors own 95.21% of the company’s stock.

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.