James River Group (NASDAQ:JRVR) Price Target Cut to $6.25 by Analysts at Compass Point

James River Group (NASDAQ:JRVR) had its price target lowered by equities researchers at Compass Point from $7.75 to $6.25 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the insurance provider’s stock. Compass Point’s price target points to a potential upside of 58.63% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. StockNews.com cut James River Group from a “hold” rating to a “sell” rating in a report on Friday, March 7th. JMP Securities lowered their price target 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 Up 0.3 %

Shares of NASDAQ JRVR opened at $3.94 on Monday. James River Group has a 52 week low of $3.00 and a 52 week high of $9.56. The business has a 50-day simple moving average of $4.69 and a two-hundred day simple moving average of $5.43. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38. The company has a market cap of $179.84 million, a P/E ratio of -0.97 and a beta of 0.04.

James River Group (NASDAQ:JRVR) last issued its earnings results on Monday, March 3rd. The insurance provider reported ($0.99) 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 company had revenue of $126.71 million during the quarter, compared to the consensus estimate of $159.91 million. During the same quarter in the prior year, the business earned $0.33 EPS. Research analysts anticipate that James River Group will post -0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On James River Group

A number of large investors have recently modified their holdings of JRVR. Gallatin Point Capital LLC bought a new position in James River Group during the 4th quarter worth approximately $28,535,000. Boston Partners bought a new position in James River Group during the 4th quarter worth approximately $2,578,000. Price T Rowe Associates Inc. MD grew its position in 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 acquiring an additional 428,636 shares during the last quarter. Zimmer Partners LP bought a new position in James River Group during the 4th quarter worth approximately $1,343,000. Finally, D. E. Shaw & Co. Inc. grew its position in James River Group by 9.2% during the 4th 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 during the last quarter. 95.21% of the stock is owned by hedge funds and other institutional investors.

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.