Analysts Set James River Group Holdings, Ltd. (NASDAQ:JRVR) PT at $6.06

James River Group Holdings, Ltd. (NASDAQ:JRVR) has been given an average recommendation of “Hold” by the five research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $6.06.

A number of equities research analysts have commented on the company. Compass Point decreased their price target on James River Group from $7.75 to $6.25 and set a “buy” rating on the stock in a report on Monday, March 10th. StockNews.com cut James River Group from a “hold” rating to a “sell” rating in a report on Friday, March 7th. Citigroup reaffirmed a “hold” rating on shares of James River Group in a report on Tuesday, March 11th. Keefe, Bruyette & Woods reduced their target price on James River Group from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, March 13th. Finally, JMP Securities reduced their target price 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 Price Performance

NASDAQ JRVR opened at $4.01 on Thursday. The company has a market capitalization of $183.03 million, a PE ratio of -0.99 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. The business’s fifty day moving average is $4.62 and its 200 day moving average is $5.34. James River Group has a fifty-two week low of $3.00 and a fifty-two week high of $9.56.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings results on Monday, March 3rd. The insurance provider reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.66). The business had revenue of $126.71 million for 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 period in the prior year, the business earned $0.33 earnings per share. Sell-side analysts predict that James River Group will post -0.35 earnings per share for the current year.

James River Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.04 annualized dividend and a yield of 1.00%. James River Group’s dividend payout ratio is currently -1.38%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gallatin Point Capital LLC purchased a new position in James River Group in the fourth quarter worth about $28,535,000. T. Rowe Price Investment Management Inc. grew its position in James River Group by 2.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,739,840 shares of the insurance provider’s stock worth $18,214,000 after acquiring an additional 83,839 shares in the last quarter. RBF Capital LLC grew its position in James River Group by 3.7% in the fourth quarter. RBF Capital LLC now owns 1,113,149 shares of the insurance provider’s stock worth $5,421,000 after acquiring an additional 39,321 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in 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 worth $5,412,000 after acquiring an additional 93,348 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in James River Group by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 860,139 shares of the insurance provider’s stock worth $4,190,000 after acquiring an additional 59,763 shares in the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

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.