James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives $6.06 Consensus Target Price from Brokerages

James River Group Holdings, Ltd. (NASDAQ:JRVR) has been given an average recommendation of “Hold” by the five analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $6.06.

Several analysts have weighed in on the company. StockNews.com cut James River Group from a “hold” rating to a “sell” rating in a report on Friday, March 7th. Citigroup reaffirmed a “hold” rating on shares of James River Group in a research note on Tuesday. Truist Financial dropped their price target on James River Group from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Tuesday, March 11th. JMP Securities dropped their price target 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. Finally, Compass Point dropped their price target on James River Group from $7.75 to $6.25 and set a “buy” rating for the company in a research note on Monday, March 10th.

James River Group Stock Performance

NASDAQ:JRVR opened at $4.01 on Thursday. The business’s 50-day moving average price is $4.64 and its two-hundred day moving average price is $5.37. James River Group has a twelve month low of $3.00 and a twelve month high of $9.56. The stock has a market cap of $183.03 million, a P/E ratio of -0.99 and a beta of 0.04. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results 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 business had revenue of $126.71 million during the quarter, compared to analysts’ expectations of $159.91 million. During the same period in the previous year, the business earned $0.33 EPS. As a group, equities analysts predict that James River Group will post -0.35 EPS for the current fiscal year.

James River Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, March 10th. This represents a $0.04 annualized dividend and a yield of 1.00%. James River Group’s payout ratio is -1.38%.

Institutional Trading of James River Group

Several institutional investors have recently added to or reduced their stakes in the business. Gallatin Point Capital LLC bought a new stake in James River Group in the 4th quarter worth $28,535,000. T. Rowe Price Investment Management Inc. grew its holdings in James River Group by 2.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,739,840 shares of the insurance provider’s stock worth $18,214,000 after acquiring an additional 83,839 shares during the last quarter. RBF Capital LLC grew its holdings in James River Group by 3.7% in the 4th quarter. RBF Capital LLC now owns 1,113,149 shares of the insurance provider’s stock worth $5,421,000 after acquiring an additional 39,321 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in James River Group by 9.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,111,291 shares of the insurance provider’s stock worth $5,412,000 after acquiring an additional 93,348 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in James River Group by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 860,139 shares of the insurance provider’s stock worth $4,190,000 after acquiring an additional 59,763 shares during the last quarter. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

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.