James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives Average Rating of "Reduce" from Brokerages

Key Points

• Analyst sentiment remains cautious: Seven brokerages give James River Group an average “Reduce” rating, with one sell and six hold ratings. The average 12-month price target is $5.75, compared with the stock’s recent price of $4.07.
• Quarterly results were mixed: The insurer reported $0.20 in EPS, below the $0.24 consensus estimate, while revenue of $161.34 million exceeded expectations of $135.50 million.
• The company declared a small dividend: James River Group will pay a quarterly dividend of $0.01 per share, equivalent to an annualized $0.04 dividend and a 1.0% yield.

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) has been assigned an average rating of "Reduce" from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $5.75.

A number of brokerages have commented on JRVR. Wall Street Zen upgraded shares of James River Group from a "sell" rating to a "hold" rating in a report on Sunday, June 14th. Weiss Ratings raised James River Group from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. Zacks Research upgraded James River Group from a "strong sell" rating to a "hold" rating in a research note on Monday, July 6th. UBS Group reduced their price target on James River Group from $4.75 to $4.00 and set a "neutral" rating for the company in a report on Monday, August 17th. Finally, Citigroup lowered James River Group from a "hold" rating to a "market perform" rating in a research note on Tuesday, May 5th.

James River Group Stock Up 0.5%

Shares of JRVR traded up $0.02 during midday trading on Monday, reaching $4.07. 9,581 shares of the company were exchanged, compared to its average volume of 328,957. The stock has a 50-day moving average price of $4.39 and a 200-day moving average price of $5.26. The company has a market cap of $188.20 million, a price-to-earnings ratio of 10.71 and a beta of -0.20. James River Group has a 1-year low of $3.76 and a 1-year high of $7.20. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.43.

James River Group (NASDAQ:JRVR - Get Free Report) last posted its earnings results on Tuesday, August 11th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). James River Group had a net margin of 4.68% and a return on equity of 9.93%. The company had revenue of $161.34 million during the quarter, compared to analyst estimates of $135.50 million. Research analysts expect that James River Group will post 0.65 earnings per share for the current year.

James River Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 15th. James River Group's dividend payout ratio is 10.53%.

Hedge Funds Weigh In On James River Group

Several large investors have recently added to or reduced their stakes in JRVR. Versant Capital Management Inc lifted its position in shares of James River Group by 176.0% in the 2nd quarter. Versant Capital Management Inc now owns 6,179 shares of the insurance provider's stock worth $27,000 after buying an additional 3,940 shares during the last quarter. Clearstead Advisors LLC grew its position in shares of James River Group by 173.9% during the 4th quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider's stock valued at $49,000 after buying an additional 4,909 shares during the last quarter. PharVision Advisers LLC acquired a new stake in James River Group during the third quarter worth about $59,000. Cerity Partners LLC bought a new position in James River Group in the second quarter worth about $61,000. Finally, M&T Bank Corp bought a new position in James River Group in the fourth quarter worth about $65,000. 95.21% of the stock is currently owned by institutional investors.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.

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