James River Group (NASDAQ:JRVR) Price Target Cut to $6.25 by Analysts at Compass Point

James River Group (NASDAQ:JRVR) had its target price reduced by Compass Point from $7.75 to $6.25 in a report published on Monday morning,Benzinga reports. Compass Point currently has a buy rating on the insurance provider’s stock.

JRVR has been the subject of a number of other reports. StockNews.com cut James River Group from a “hold” rating to a “sell” rating in a report on Friday. JMP Securities cut their target price on James River Group from $11.00 to $8.00 and set a “market outperform” rating for the company in a research note on Friday, December 20th.

James River Group Trading Down 3.4 %

Shares of JRVR opened at $3.93 on Monday. James River Group has a 1-year low of $3.00 and a 1-year high of $9.56. The company has a market capitalization of $179.38 million, a P/E ratio of -0.97 and a beta of 0.04. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. The firm’s 50 day simple moving average is $4.72 and its 200 day simple moving average is $5.48.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings data on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.66). James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. The company had revenue of $126.71 million for the quarter, compared to analysts’ expectations of $159.91 million. During the same quarter last year, the business posted $0.33 EPS. Sell-side analysts forecast that James River Group will post -0.35 earnings per share for the current fiscal year.

James River Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.02%. James River Group’s dividend payout ratio (DPR) is currently -1.38%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Aquatic Capital Management LLC bought a new position in James River Group during the 4th quarter worth approximately $41,000. ProShare Advisors LLC purchased a new stake in shares of James River Group during the fourth quarter valued at approximately $51,000. Quantbot Technologies LP grew its holdings in shares of James River Group by 24.8% in the fourth quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 2,498 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of James River Group in the fourth quarter worth $68,000. Finally, SG Americas Securities LLC increased its stake in shares of James River Group by 41.6% in the fourth quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock worth $76,000 after buying an additional 4,586 shares during the period. 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, 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.