James River Group Holdings, Ltd. (NASDAQ: JRVR) has received an average recommendation of “Moderate Buy” from the seven rating firms presently covering the firm, Bloomberg reports. One analyst has rated the stock with a sell rating, and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $31.40.
Several research analysts have commented on the stock. Barclays lifted their price objective on shares of 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 shares of James River Group from a “hold” rating to a “sell” rating in a research note on Saturday.
Institutional investors and hedge funds have recently modified their holdings of the stock. SeaCrest Wealth Management LLC bought a new position in James River Group during the 2nd quarter worth about $25,000. Point72 Hong Kong Ltd increased its holdings in James River Group by 218.7% during 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. Captrust Financial Advisors raised its stake in James River Group by 326.0% in the second quarter. Captrust Financial Advisors now owns 1,968 shares of the insurance provider’s stock worth $49,000 after buying an additional 1,506 shares in the last quarter. KBC Group NV purchased a new stake in James River Group during the second quarter worth $79,000. Finally, Mutual of America Capital Management LLC boosted its position in James River Group by 17.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 6,289 shares of the insurance provider’s stock valued at $156,000 after acquiring an additional 915 shares in the last quarter. Institutional investors own 99.58% of the company’s stock.
James River Group stock opened at $24.16 on Monday. The firm’s fifty-day moving average is $23.88, and its 200-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 company has a quick ratio of 0.60, a current ratio of 0.60, and a debt-to-equity ratio of 0.37. The company has a market cap of $904.79 million, a price-to-earnings ratio of -11.84, and a beta of 0.34.
James River Group (NASDAQ: JRVR) issued its quarterly earnings data on Monday, August 1st. The insurance provider reported $0.52 per share per quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $184.81 million for the quarter, compared to analysts’ expectations of $200.07 million. James River Group had a negative return on equity of 8.56% and a negative net margin of 9.55%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. Sell-side analysts forecast that James River Group will post 1.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. On Monday, September 12th, investors will be paid 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 is present -9.80%.
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 underwrite liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.