James River Group Holdings, Ltd. (NASDAQ:JRVR) has received a consensus rating of “Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $56.20.
Several equities analysts have recently issued reports on JRVR shares. Zacks Investment Research upgraded shares of James River Group from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Tuesday, March 2nd. Compass Point upped their price objective on shares of James River Group from $56.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 6th. Finally, TheStreet downgraded shares of James River Group from a “b” rating to a “c+” rating in a report on Thursday, February 25th.
JRVR stock opened at $47.13 on Monday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 32.06 and a beta of 0.48. The firm has a 50-day simple moving average of $46.98 and a two-hundred day simple moving average of $47.85. James River Group has a one year low of $28.03 and a one year high of $57.41. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.67 and a current ratio of 0.67.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Monday, March 15th were issued a $0.30 dividend. The ex-dividend date was Friday, March 12th. This represents a $1.20 annualized dividend and a yield of 2.55%. James River Group’s dividend payout ratio (DPR) is presently 85.71%.
A number of large investors have recently modified their holdings of the stock. Confluence Investment Management LLC increased its holdings in James River Group by 4.5% in the 1st quarter. Confluence Investment Management LLC now owns 138,573 shares of the insurance provider’s stock worth $6,322,000 after buying an additional 5,986 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of James River Group during the 4th quarter worth approximately $492,000. Norges Bank acquired a new stake in shares of James River Group during the 4th quarter worth approximately $2,251,000. Squarepoint Ops LLC acquired a new stake in shares of James River Group during the 4th quarter worth approximately $511,000. Finally, Morgan Stanley grew its stake in shares of James River Group by 9.4% during the 4th quarter. Morgan Stanley now owns 106,696 shares of the insurance provider’s stock worth $5,245,000 after purchasing an additional 9,207 shares during the period. Institutional investors own 97.63% of the company’s stock.
James River Group Company Profile
James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. It operates through Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.
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