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

Key Points

• James River Group Holdings, Ltd. has received a consensus rating of "Hold" from six brokerages, with one sell rating, three hold ratings, and two buy ratings.
• The average 1-year target price for James River stock is $6.0625, while the company reported a negative net margin of 13.50% for the last quarter.
• Recently, the company declared a quarterly dividend of $0.01 per share, yielding 0.7%, with a dividend payout ratio of -1.27%.

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) has been given a consensus rating of "Hold" by the six brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $6.0625.

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of James River Group in a research note on Saturday, September 27th. Wall Street Zen raised James River Group from a "sell" rating to a "hold" rating in a research note on Friday, June 6th.

Institutional Trading of James River Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JRVR. ProShare Advisors LLC purchased a new stake in James River Group in the fourth quarter worth $51,000. Simplicity Wealth LLC purchased a new stake in shares of James River Group in the 1st quarter worth about $51,000. Sowell Financial Services LLC purchased a new stake in shares of James River Group in the 1st quarter worth about $55,000. FNY Investment Advisers LLC purchased a new stake in James River Group in the first quarter worth about $102,000. Finally, Bank of New York Mellon Corp lifted its holdings in James River Group by 6.7% in the first quarter. Bank of New York Mellon Corp now owns 98,867 shares of the insurance provider's stock worth $415,000 after buying an additional 6,206 shares during the period. Hedge funds and other institutional investors own 95.21% of the company's stock.

James River Group Price Performance

JRVR stock traded up $0.04 during midday trading on Friday, reaching $5.59. The company had a trading volume of 130,527 shares, compared to its average volume of 207,847. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.63. James River Group has a 1 year low of $3.00 and a 1 year high of $7.19. The company has a market capitalization of $256.69 million, a P/E ratio of -1.77 and a beta of 0.01. The firm has a 50-day moving average price of $5.60 and a 200-day moving average price of $5.26.

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, topping the consensus estimate of $0.22 by $0.01. James River Group had a negative net margin of 13.50% and a negative return on equity of 1.97%. The company had revenue of $152.61 million during the quarter, compared to analyst estimates of $176.46 million. On average, research analysts anticipate that James River Group will post -0.35 earnings per share for the current fiscal year.

James River Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, September 15th. James River Group's dividend payout ratio is currently -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.

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