James River Group (NASDAQ:JRVR) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of James River Group (NASDAQ:JRVR) from a buy rating to a hold rating in a report issued on Sunday morning.

JRVR has been the subject of several other reports. Zacks Research cut shares of James River Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Raymond James Financial set a $7.00 target price on shares of James River Group in a research report on Tuesday, December 16th. Compass Point lowered James River Group from a “buy” rating to a “neutral” rating and set a $7.00 price target for the company. in a report on Tuesday, December 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of James River Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.40.

James River Group Stock Performance

Shares of James River Group stock opened at $6.66 on Friday. The stock’s fifty day moving average is $6.25 and its two-hundred day moving average is $5.79. The company has a market capitalization of $306.16 million, a PE ratio of -3.20 and a beta of -0.02. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.45. James River Group has a 52 week low of $3.00 and a 52 week high of $6.89.

James River Group (NASDAQ:JRVR) last released its earnings results on Monday, November 3rd. The insurance provider reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.06. The business had revenue of $172.74 million during the quarter, compared to the consensus estimate of $179.21 million. James River Group had a positive return on equity of 7.11% and a negative net margin of 7.64%. As a group, analysts expect that James River Group will post -0.35 earnings per share for the current year.

James River Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.6%. James River Group’s payout ratio is -1.92%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Sowell Financial Services LLC lifted its stake in shares of James River Group by 76.6% during the 4th quarter. Sowell Financial Services LLC now owns 26,496 shares of the insurance provider’s stock worth $169,000 after purchasing an additional 11,496 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in James River Group by 87.1% in the fourth quarter. FNY Investment Advisers LLC now owns 44,767 shares of the insurance provider’s stock worth $284,000 after purchasing an additional 20,844 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of James River Group by 13.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,142 shares of the insurance provider’s stock valued at $93,000 after buying an additional 1,772 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of James River Group by 81.5% during the third quarter. JPMorgan Chase & Co. now owns 156,324 shares of the insurance provider’s stock valued at $868,000 after buying an additional 70,183 shares during the last quarter. Finally, Cantor Fitzgerald L. P. boosted its holdings in shares of James River Group by 37.5% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 434,657 shares of the insurance provider’s stock valued at $2,412,000 after buying an additional 118,657 shares in the last quarter. 95.21% of the stock is owned by institutional investors.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.