James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives $5.75 Average Target Price from Analysts

James River Group Holdings, Ltd. (NASDAQ:JRVR) has been given a consensus rating of “Reduce” by the seven analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $5.75.

A number of analysts recently weighed in on the stock. Citigroup downgraded shares of James River Group from a “hold” rating to a “market perform” rating in a research report on Tuesday, May 5th. Zacks Research raised shares of James River Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen raised James River Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Weiss Ratings upgraded James River Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Finally, UBS Group decreased their target price on James River Group from $4.75 to $4.00 and set a “neutral” rating for the company in a research note on Monday, August 17th.

James River Group Price Performance

NASDAQ:JRVR opened at $4.14 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.43. James River Group has a 12-month low of $3.76 and a 12-month high of $7.20. The stock’s fifty day simple moving average is $4.40 and its 200-day simple moving average is $5.17. The firm has a market capitalization of $191.43 million, a P/E ratio of 10.90 and a beta of -0.20.

James River Group (NASDAQ:JRVR) last released its quarterly earnings data on Tuesday, August 11th. The insurance provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). James River Group had a net margin of 4.68% and a return on equity of 9.93%. The company had revenue of $161.34 million during the quarter, compared to the consensus estimate of $135.50 million. Equities research analysts expect that James River Group will post 0.65 earnings per share for the current year.

James River Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.01 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. James River Group’s payout ratio is currently 10.53%.

Institutional Trading of James River Group

Several hedge funds have recently bought and sold shares of JRVR. Enstar Group LTD bought a new stake in James River Group in the 4th quarter valued at $16,477,000. Donald Smith & CO. Inc. bought a new position in James River Group during the 2nd quarter worth about $10,738,000. Zimmer Partners LP increased its holdings in James River Group by 53.8% during the 3rd quarter. Zimmer Partners LP now owns 4,591,638 shares of the insurance provider’s stock worth $25,484,000 after purchasing an additional 1,605,828 shares in the last quarter. Flax Pond Capital LLC bought a new position in James River Group during the 4th quarter worth about $3,427,000. Finally, Kennedy Capital Management LLC acquired a new stake in shares of James River Group in the 4th quarter valued at about $3,117,000. 95.21% of the stock is currently owned by institutional investors and hedge funds.

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.