James River Group (NASDAQ:JRVR) Stock Breaks Above 50 Day Moving Average – Time to Sell?

James River Group Holdings, Ltd. (NASDAQ:JRVR)’s stock price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $3.85 and traded as high as $4.00. James River Group shares last traded at $3.87, with a volume of 234,979 shares.

Wall Street Analyst Weigh In

Several equities analysts have commented on JRVR shares. Zacks Research upgraded James River Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings upgraded shares of James River Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Truist Financial lowered their target price on James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday, August 12th. Finally, UBS Group reduced their target price on shares of James River Group from $4.75 to $4.00 and set a “neutral” rating for the company in a research report on Monday, August 17th. Six investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $5.75.

James River Group Trading Up 3.6%

The stock has a 50 day moving average of $3.84 and a 200 day moving average of $4.41. The firm has a market cap of $185.46 million, a P/E ratio of 10.55 and a beta of -0.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.63 and a quick ratio of 0.63.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Tuesday, August 11th. The insurance provider reported $0.20 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $161.34 million for the quarter, compared to the consensus estimate of $135.50 million. As a group, equities research analysts predict that James River Group Holdings, Ltd. will post 0.65 EPS for the current year.

James River Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.04 dividend on an annualized basis and a yield of 1.0%. James River Group’s dividend payout ratio (DPR) is presently 10.53%.

Institutional Investors Weigh In On James River Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Donald Smith & CO. Inc. purchased a new position in shares of James River Group during the 2nd quarter valued at about $10,738,000. RBF Capital LLC grew its holdings in shares of James River Group by 7.5% during the 1st quarter. RBF Capital LLC now owns 1,128,525 shares of the insurance provider’s stock worth $7,110,000 after purchasing an additional 78,525 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of James River Group by 9.5% in the first quarter. Dimensional Fund Advisors LP now owns 845,243 shares of the insurance provider’s stock valued at $5,325,000 after buying an additional 73,231 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in James River Group by 45.5% in the 1st quarter. Hillsdale Investment Management Inc. now owns 448,860 shares of the insurance provider’s stock valued at $2,828,000 after buying an additional 140,400 shares during the period. Finally, Bronte Capital Management Pty Ltd. raised its holdings in James River Group by 174.3% in the first quarter. Bronte Capital Management Pty Ltd. now owns 338,961 shares of the insurance provider’s stock valued at $2,135,000 after acquiring an additional 215,386 shares in the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

About James River Group

James River Group Holdings, Ltd. (NASDAQ: JRVR) is a specialty insurance holding company that provides commercial casualty coverage and reinsurance through its operating subsidiaries. The company focuses on markets that are often underserved by standard insurance carriers, offering customized underwriting solutions for specialized risks.

Its insurance operations have included excess and surplus lines, specialty admitted insurance, and casualty reinsurance. Products and services have historically included commercial general liability, excess liability, workers’ compensation, and other specialty casualty coverages.