James River Group (NASDAQ:JRVR) Receives "Market Perform" Rating from Citizens Jmp

Key Points

• Citizens Jmp reissued a "Market Perform" rating on James River Group (NASDAQ:JRVR); the sell‑side consensus is a Hold with an average price target of $7.25 after mixed analyst moves (upgrades from Wall Street Zen and downgrades from Zacks and Citigroup).
• James River Group reported Q1 EPS of $0.12, missing consensus of $0.27 and revenue of $151.38M versus $155.07M expected, while the stock trades around $6.13 with a market cap of $281.8M and a P/E of 8.4.
• Institutional investors own about 95.21% of the company; the balance sheet shows modest leverage (debt/equity 0.42) but low liquidity (current ratio 0.65), which may constrain flexibility.

James River Group (NASDAQ:JRVR - Get Free Report)'s stock had its "market perform" rating reissued by Citizens Jmp in a research report issued on Tuesday, Marketbeat.com reports.

Several other research analysts have also issued reports on JRVR. Zacks Research lowered shares of James River Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 5th. Truist Financial lifted their price target on James River Group from $6.00 to $7.00 and gave the stock a "hold" rating in a research note on Tuesday, March 3rd. Wall Street Zen upgraded James River Group from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Weiss Ratings raised James River Group from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, April 21st. Finally, Citigroup lowered James River Group from a "hold" rating to a "market perform" rating in a research note on Tuesday. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $7.25.

James River Group Price Performance

JRVR stock opened at $6.13 on Tuesday. The firm has a 50 day moving average of $6.40 and a 200-day moving average of $6.23. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.42. James River Group has a 12 month low of $4.54 and a 12 month high of $7.20. The firm has a market capitalization of $281.79 million, a P/E ratio of 8.40 and a beta of -0.03.

James River Group (NASDAQ:JRVR - Get Free Report) last posted its earnings results on Monday, May 4th. The insurance provider reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.15). James River Group had a return on equity of 12.01% and a net margin of 6.90%.The firm had revenue of $151.38 million for the quarter, compared to the consensus estimate of $155.07 million. As a group, sell-side analysts predict that James River Group will post 1.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On James River Group

Institutional investors have recently added to or reduced their stakes in the company. Clearstead Advisors LLC grew its holdings in James River Group by 173.9% in the 4th quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider's stock worth $49,000 after acquiring an additional 4,909 shares during the last quarter. PharVision Advisers LLC purchased a new stake in shares of James River Group during the third quarter worth about $59,000. R Squared Ltd purchased a new stake in shares of James River Group during the third quarter worth about $60,000. Cerity Partners LLC bought a new stake in shares of James River Group in the second quarter worth about $61,000. Finally, M&T Bank Corp bought a new stake in shares of James River Group in the fourth quarter worth about $65,000. Hedge funds and other institutional investors own 95.21% of the company's stock.

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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