StockNews.com Downgrades James River Group (NASDAQ:JRVR) to Sell

James River Group (NASDAQ:JRVR) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

Separately, JMP Securities dropped their price objective on James River Group from $11.00 to $8.00 and set a “market outperform” rating for the company in a research report on Friday, December 20th.

James River Group Trading Up 0.5 %

James River Group stock opened at $4.07 on Friday. The stock has a market cap of $185.77 million, a PE ratio of -1.00 and a beta of 0.04. The stock has a 50-day moving average price of $4.72 and a 200 day moving average price of $5.49. James River Group has a 52 week low of $3.00 and a 52 week high of $9.56. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38.

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

Institutional Trading of James River Group

Hedge funds have recently added to or reduced their stakes in the business. Aquatic Capital Management LLC acquired a new stake in James River Group in the 4th quarter worth about $41,000. ProShare Advisors LLC acquired a new position in shares of James River Group in the 4th quarter valued at about $51,000. Quantbot Technologies LP lifted its stake in shares of James River Group by 24.8% in the 4th quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 2,498 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of James River Group in the 4th quarter valued at about $68,000. Finally, SG Americas Securities LLC lifted its stake in shares of James River Group by 41.6% in the 4th quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 4,586 shares in the last quarter. 95.21% of the stock is owned by institutional investors and hedge funds.

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.