James River Group (NASDAQ:JRVR) Rating Lowered to Sell at StockNews.com

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

JRVR has been the topic of several other reports. Truist Financial dropped their price objective 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 dropped their price target on shares of 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. Citigroup reiterated a “hold” rating on shares of James River Group in a research note on Tuesday, March 11th. Compass Point lowered their price objective on shares of James River Group from $7.75 to $6.25 and set a “buy” rating on the stock in a research report on Monday, March 10th. Finally, JMP Securities cut their target price on shares of James River Group from $11.00 to $8.00 and set a “market outperform” rating for the company in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, James River Group has a consensus rating of “Hold” and an average price target of $6.06.

James River Group Trading Up 0.2 %

Shares of NASDAQ JRVR opened at $4.18 on Wednesday. The firm’s 50 day moving average price is $4.53 and its 200-day moving average price is $5.20. 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. The company has a market cap of $190.79 million, a PE ratio of -1.03 and a beta of 0.04.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share 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 analysts’ expectations of $159.91 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. On average, equities research analysts expect that James River Group will post -0.35 EPS for the current fiscal year.

James River Group Dividend Announcement

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

Institutional Trading of James River Group

Large investors have recently added to or reduced their stakes in the business. Gallatin Point Capital LLC bought a new position in James River Group in the fourth quarter worth approximately $28,535,000. T. Rowe Price Investment Management Inc. increased its stake in shares of James River Group by 2.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,739,840 shares of the insurance provider’s stock worth $18,214,000 after purchasing an additional 83,839 shares in the last quarter. RBF Capital LLC raised its holdings in James River Group by 3.7% in the 4th quarter. RBF Capital LLC now owns 1,113,149 shares of the insurance provider’s stock worth $5,421,000 after purchasing an additional 39,321 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in James River Group by 9.2% in 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 purchasing an additional 93,348 shares during the period. Finally, Geode Capital Management LLC lifted its position in James River Group by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 860,139 shares of the insurance provider’s stock valued at $4,190,000 after purchasing an additional 59,763 shares in the last quarter. 95.21% of the stock is currently owned by institutional investors.

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.