James River Group’s (JRVR) Market Perform Rating Reiterated at Citizens Jmp

James River Group (NASDAQ:JRVR)‘s stock had its “market perform” rating reaffirmed by analysts at Citizens Jmp in a note issued to investors on Tuesday, Marketbeat reports.

A number of other brokerages have also weighed in on JRVR. Citigroup lowered shares of James River Group from a “hold” rating to a “market perform” rating in a research note on Tuesday. Truist Financial increased their price target on shares of James River Group from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Weiss Ratings raised James River Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, April 21st. Zacks Research downgraded James River Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Wall Street Zen raised James River Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat, James River Group presently has an average rating of “Hold” and a consensus price target of $7.25.

James River Group Price Performance

Shares of James River Group stock opened at $6.13 on Tuesday. The business has a 50 day moving average of $6.40 and a 200 day moving average of $6.23. James River Group has a 52 week low of $4.54 and a 52 week high of $7.20. The company has a market cap of $281.79 million, a PE ratio of 8.40 and a beta of -0.03. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.42.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Monday, May 4th. The insurance provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.15). The company had revenue of $151.38 million during the quarter, compared to the consensus estimate of $155.07 million. James River Group had a net margin of 6.90% and a return on equity of 12.01%. As a group, equities research analysts forecast that James River Group will post 1.2 earnings per share for the current year.

Institutional Trading of James River Group

Several hedge funds and other institutional investors have recently made changes to their positions in JRVR. Jane Street Group LLC raised its stake in James River Group by 13.0% during the first quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider’s stock valued at $106,000 after buying an additional 2,918 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of James River Group by 10.5% in the second quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock worth $5,875,000 after acquiring an additional 95,351 shares during the last quarter. Invesco Ltd. increased its holdings in shares of James River Group by 7.6% during the second quarter. Invesco Ltd. now owns 298,243 shares of the insurance provider’s stock valued at $1,748,000 after acquiring an additional 20,954 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of James River Group by 26.2% during the second quarter. First Trust Advisors LP now owns 148,153 shares of the insurance provider’s stock valued at $868,000 after acquiring an additional 30,802 shares in the last quarter. Finally, Cerity Partners LLC purchased a new position in shares of James River Group in the 2nd quarter worth about $61,000. Hedge funds and other institutional investors own 95.21% of the company’s stock.

James River Group Company Profile

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.