Brokerages Set James River Group Holdings, Ltd. (NASDAQ:JRVR) Price Target at $6.06

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) has received an average recommendation of "Hold" from the five brokerages that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $6.06.

JRVR has been the topic of a number of research analyst reports. StockNews.com downgraded James River Group from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. Truist Financial dropped their price target on James River Group from $6.00 to $5.00 and set a "hold" rating on the stock in a research report on Tuesday, March 11th. Citigroup restated a "hold" rating on shares of James River Group in a research note on Tuesday, March 11th. Keefe, Bruyette & Woods decreased their target price on shares of James River Group from $6.00 to $5.00 and set a "market perform" rating on the stock in a research report on Thursday, March 13th. Finally, Compass Point reduced their price target on James River Group from $7.75 to $6.25 and set a "buy" rating on the stock in a report on Monday, March 10th.

Institutional Investors Weigh In On James River Group

Several large investors have recently modified their holdings of JRVR. Gallatin Point Capital LLC acquired a new position in James River Group during the fourth quarter worth about $28,535,000. Boston Partners acquired a new position in shares of James River Group in the 4th quarter valued at about $2,578,000. Price T Rowe Associates Inc. MD increased its position in James River Group by 101.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 850,526 shares of the insurance provider's stock worth $4,144,000 after buying an additional 428,636 shares during the period. Zimmer Partners LP bought a new stake in James River Group during the fourth quarter worth approximately $1,343,000. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of James River Group by 9.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,111,291 shares of the insurance provider's stock valued at $5,412,000 after acquiring an additional 93,348 shares in the last quarter. Hedge funds and other institutional investors own 95.21% of the company's stock.

James River Group Price Performance

James River Group stock traded down $0.08 during trading hours on Friday, reaching $4.74. 26,612 shares of the stock were exchanged, compared to its average volume of 342,340. James River Group has a twelve month low of $3.00 and a twelve month high of $9.13. The company has a market cap of $216.35 million, a P/E ratio of -1.17 and a beta of 0.02. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average of $4.23 and a two-hundred day moving average of $4.75.

James River Group (NASDAQ:JRVR - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The insurance provider reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). The company had revenue of $172.29 million during the quarter, compared to analyst estimates of $184.15 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. Equities analysts expect that James River Group will post -0.35 EPS for the current fiscal year.

James River Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Monday, June 9th. James River Group's payout ratio is -1.29%.

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.