James River Group Holdings, Ltd. (NASDAQ:JRVR) Given Average Recommendation of "Hold" by Analysts

Key Points

• James River Group Holdings, Ltd. has received an average recommendation of "Hold" from five analysts, with three holding and two buying ratings. The average 12-month target price is $6.0625.
• Several hedge funds have increased their stakes in the company, leading to institutional investors owning 95.21% of the stock.
• James River Group announced a quarterly dividend of $0.01 per share, which will be paid on September 30th, representing an annualized dividend yield of 0.7%.

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) have earned a consensus recommendation of "Hold" from the five analysts that are covering the stock, Marketbeat.com 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 target price among analysts that have covered the stock in the last year is $6.0625.

Separately, Wall Street Zen upgraded James River Group from a "sell" rating to a "hold" rating in a report on Friday, June 6th.

Institutional Trading of James River Group

Several hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in shares of James River Group by 43.0% in the second quarter. BNP Paribas Financial Markets now owns 13,211 shares of the insurance provider's stock valued at $77,000 after buying an additional 3,971 shares during the period. Bridgeway Capital Management LLC raised its stake in shares of James River Group by 11.2% during the 2nd quarter. Bridgeway Capital Management LLC now owns 57,800 shares of the insurance provider's stock valued at $339,000 after purchasing an additional 5,800 shares during the period. Ameriprise Financial Inc. raised its stake in shares of James River Group by 2.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 97,492 shares of the insurance provider's stock valued at $571,000 after purchasing an additional 2,357 shares during the period. Jane Street Group LLC raised its stake in shares of James River Group by 46.9% during the 2nd quarter. Jane Street Group LLC now owns 37,151 shares of the insurance provider's stock valued at $218,000 after purchasing an additional 11,854 shares during the period. Finally, Cerity Partners LLC bought a new stake in shares of James River Group during the 2nd quarter valued at $61,000. 95.21% of the stock is currently owned by institutional investors.

James River Group Stock Up 3.1%

Shares of NASDAQ:JRVR opened at $5.58 on Thursday. The firm has a market cap of $256.23 million, a P/E ratio of -1.77 and a beta of 0.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.63 and a current ratio of 0.63. James River Group has a 52-week low of $3.00 and a 52-week high of $7.19. The business's 50 day simple moving average is $5.69 and its two-hundred day simple moving average is $5.10.

James River Group (NASDAQ:JRVR - Get Free Report) last announced its earnings results on Monday, August 4th. The insurance provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $152.61 million for the quarter, compared to analysts' expectations of $176.46 million. James River Group had a negative return on equity of 1.97% and a negative net margin of 13.50%. As a group, research analysts forecast that James River Group will post -0.35 EPS for the current fiscal year.

James River Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.01 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.7%. James River Group's payout ratio is presently -1.27%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.