Keefe, Bruyette & Woods Issues Pessimistic Forecast for James River Group (NASDAQ:JRVR) Stock Price

James River Group (NASDAQ:JRVR) had its price target trimmed by Keefe, Bruyette & Woods from $6.00 to $5.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has a market perform rating on the insurance provider’s stock.

Several other research firms have also recently weighed in on JRVR. Truist Financial reduced their price objective on James River Group from $6.00 to $5.00 and set a “hold” rating for the company in a research report on Tuesday, March 11th. Citigroup reissued a “hold” rating on shares of James River Group in a report on Tuesday. Compass Point lowered their target price on James River Group from $7.75 to $6.25 and set a “buy” rating for the company in a research note on Monday, March 10th. JMP Securities lowered their target price on James River Group from $11.00 to $8.00 and set a “market outperform” rating for the company in a research note on Friday, December 20th. Finally, StockNews.com lowered James River Group from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.06.

James River Group Price Performance

NASDAQ JRVR opened at $4.01 on Thursday. The company has a 50 day simple moving average of $4.64 and a 200-day simple moving average of $5.37. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. 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.

James River Group (NASDAQ:JRVR) last released its quarterly earnings data on Monday, March 3rd. The insurance provider reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $126.71 million during the quarter, compared to analyst estimates of $159.91 million. During the same quarter in the prior year, the company posted $0.33 EPS. Equities research analysts predict that James River Group will post -0.35 earnings per share for the current fiscal year.

James River Group Announces Dividend

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

Institutional Investors Weigh In On James River Group

Institutional investors have recently bought and sold shares of the company. Aquatic Capital Management LLC bought a new stake in James River Group in the 4th quarter valued at approximately $41,000. ProShare Advisors LLC bought a new stake in James River Group in the 4th quarter valued at approximately $51,000. Quantbot Technologies LP lifted its stake in 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 in the last quarter. Intech Investment Management LLC bought a new stake in James River Group in the 4th quarter valued at approximately $68,000. Finally, SG Americas Securities LLC lifted its stake in 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 valued at $76,000 after acquiring an additional 4,586 shares in the last quarter. 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.