Keefe, Bruyette & Woods Has Lowered Expectations for James River Group (NASDAQ:JRVR) Stock Price

James River Group (NASDAQ:JRVR) had its price target reduced by investment analysts at Keefe, Bruyette & Woods from $6.00 to $5.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 24.69% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Citigroup reiterated a “hold” rating on shares of James River Group in a research note on Tuesday. JMP Securities cut their target price on James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a research note on Friday, December 20th. Compass Point cut their target price on James River Group from $7.75 to $6.25 and set a “buy” rating on the stock in a research note on Monday, March 10th. Truist Financial cut their target price on James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, StockNews.com cut James River Group from a “hold” rating to a “sell” rating in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.06.

James River Group Stock Performance

Shares of JRVR opened at $4.01 on Thursday. The business’s fifty day moving average price is $4.65 and its 200 day moving average price is $5.41. James River Group has a 12-month low of $3.00 and a 12-month high of $9.56. The stock has a market capitalization of $183.03 million, a PE ratio of -0.99 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.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.66). The firm had revenue of $126.71 million for the quarter, compared to the consensus estimate 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 last year, the business earned $0.33 earnings per share. Equities research analysts forecast that James River Group will post -0.35 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of JRVR. Los Angeles Capital Management LLC grew its holdings in James River Group by 36.0% during the third quarter. Los Angeles Capital Management LLC now owns 41,976 shares of the insurance provider’s stock worth $263,000 after acquiring an additional 11,106 shares during the period. Empowered Funds LLC grew its holdings in James River Group by 5.3% during the third quarter. Empowered Funds LLC now owns 112,641 shares of the insurance provider’s stock worth $706,000 after acquiring an additional 5,628 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in James River Group by 33.3% during the third quarter. Thompson Siegel & Walmsley LLC now owns 140,000 shares of the insurance provider’s stock worth $878,000 after acquiring an additional 35,000 shares during the period. BBR Partners LLC acquired a new position in James River Group during the third quarter worth about $219,000. Finally, RBF Capital LLC grew its holdings in James River Group by 4.2% during the third quarter. RBF Capital LLC now owns 1,073,828 shares of the insurance provider’s stock worth $6,733,000 after acquiring an additional 42,946 shares during the period. 95.21% of the stock is owned by institutional investors and hedge funds.

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.