Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR – Get Rating) have been given an average recommendation of "Moderate Buy" by the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $31.40.
JRVR has been the topic of a number of research reports. Barclays upped their price target on James River Group from $24.00 to $25.00 and gave the stock a "maintains" rating in a research note on Thursday, August 4th. StockNews.com cut James River Group from a "hold" rating to a "sell" rating in a research note on Saturday, September 10th.
Get James River Group alerts:James River Group Stock Up 0.3 %
NASDAQ:JRVR opened at $24.08 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.37. The stock's fifty day moving average is $23.87 and its two-hundred day moving average is $23.83. James River Group has a 52 week low of $19.76 and a 52 week high of $39.60. The stock has a market capitalization of $901.80 million, a price-to-earnings ratio of -11.80 and a beta of 0.34.
James River Group (NASDAQ:JRVR – Get Rating) last released its quarterly earnings results on Monday, August 1st. The insurance provider reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. James River Group had a negative return on equity of 8.56% and a negative net margin of 9.55%. The company had revenue of $184.81 million for the quarter, compared to analysts' expectations of $200.07 million. During the same period in the prior year, the firm earned $0.54 earnings per share. The firm's revenue was down 3.5% compared to the same quarter last year. Research analysts anticipate that James River Group will post 1.95 EPS for the current year.James River Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Monday, September 12th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Friday, September 9th. James River Group's dividend payout ratio (DPR) is presently -9.80%.
Hedge Funds Weigh In On James River Group
Large investors have recently bought and sold shares of the business. SeaCrest Wealth Management LLC purchased a new position in James River Group in the second quarter valued at $25,000. Point72 Hong Kong Ltd increased its holdings in James River Group by 218.7% in the second quarter. Point72 Hong Kong Ltd now owns 1,654 shares of the insurance provider's stock valued at $41,000 after buying an additional 1,135 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of James River Group by 326.0% during the second quarter. Captrust Financial Advisors now owns 1,968 shares of the insurance provider's stock worth $49,000 after purchasing an additional 1,506 shares during the last quarter. KBC Group NV purchased a new position in shares of James River Group during the second quarter worth about $79,000. Finally, Mutual of America Capital Management LLC grew its holdings in shares of James River Group by 17.0% during the second quarter. Mutual of America Capital Management LLC now owns 6,289 shares of the insurance provider's stock worth $156,000 after purchasing an additional 915 shares during the last quarter. Hedge funds and other institutional investors own 99.58% of the company's stock.
James River Group Company Profile
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James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. It operates through Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.
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