James River Group Holdings, Ltd. (NASDAQ:JRVR) Given Average Recommendation of “Hold” by Brokerages

James River Group Holdings, Ltd. (NASDAQ:JRVR) has earned an average recommendation of “Hold” from the six research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $11.17.

Several equities research analysts have issued reports on the company. Truist Financial dropped their price objective on James River Group from $9.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. JMP Securities dropped their price target on shares of James River Group from $14.00 to $11.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 6th. Finally, Compass Point cut their price target on shares of James River Group from $12.50 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th.

Institutional Trading of James River Group

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of James River Group in the 3rd quarter worth about $69,000. Sei Investments Co. acquired a new position in James River Group in the second quarter valued at approximately $83,000. Simplicity Wealth LLC bought a new position in shares of James River Group during the second quarter valued at approximately $93,000. Levin Capital Strategies L.P. acquired a new stake in shares of James River Group during the 1st quarter worth approximately $93,000. Finally, Pallas Capital Advisors LLC bought a new stake in shares of James River Group in the 2nd quarter worth approximately $170,000. Institutional investors own 95.21% of the company’s stock.

James River Group Trading Up 2.2 %

NASDAQ JRVR opened at $6.60 on Wednesday. The stock has a market cap of $249.65 million, a P/E ratio of -3.16 and a beta of 0.16. The company’s fifty day simple moving average is $6.82 and its 200-day simple moving average is $7.66. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.37. James River Group has a 52 week low of $6.12 and a 52 week high of $15.47.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings data on Monday, August 5th. The insurance provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). James River Group had a positive return on equity of 11.66% and a negative net margin of 12.79%. The firm had revenue of $188.30 million during the quarter, compared to analyst estimates of $169.39 million. During the same quarter in the prior year, the firm earned $0.53 EPS. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. Equities research analysts predict that James River Group will post 1.85 EPS for the current fiscal year.

James River Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Monday, September 16th. James River Group’s dividend payout ratio (DPR) is presently -9.57%.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.