James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives $6.06 Consensus Price Target from Analysts

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) have earned a consensus rating of "Hold" from the five analysts that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $6.06.

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

James River Group Stock Performance

JRVR stock traded up $0.12 during mid-day trading on Friday, reaching $4.91. 334,463 shares of the stock traded hands, compared to its average volume of 343,517. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average of $4.23 and a two-hundred day moving average of $4.77. The firm has a market capitalization of $224.11 million, a PE ratio of -1.21 and a beta of 0.02. James River Group has a 52 week low of $3.00 and a 52 week high of $9.13.

James River Group (NASDAQ:JRVR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The insurance provider reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. As a group, equities analysts predict that James River Group will post -0.35 EPS for the current fiscal year.

James River Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Monday, March 10th. James River Group's dividend payout ratio is -1.38%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Aquatic Capital Management LLC bought a new position in James River Group in the fourth quarter valued at about $41,000. ProShare Advisors LLC acquired a new position in James River Group during the 4th quarter valued at about $51,000. Simplicity Wealth LLC bought a new position in shares of James River Group in the 1st quarter valued at about $51,000. Quantbot Technologies LP boosted its stake in shares of James River Group by 24.8% in the 4th quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider's stock valued at $61,000 after purchasing an additional 2,498 shares during the last quarter. Finally, Sowell Financial Services LLC acquired a new stake in shares of James River Group during the 1st quarter worth approximately $55,000. 95.21% of the stock is currently owned by institutional investors.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, 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.