James River Group (NASDAQ:JRVR) Share Price Crosses Below Fifty Day Moving Average - Time to Sell?

Key Points

• Shares crossed below their 50-day moving average, trading as low as $6.13 and last at $6.29 versus the 50-day MA of $6.64 on Thursday, a potential short-term technical negative.
• Analysts are mixed but cautious: the consensus rating is Hold with a $7.25 consensus price target (one Buy, four Hold), and recent quarterly results missed EPS by $0.01 ($0.30 vs. $0.31) and slightly missed revenue estimates.
• Company fundamentals include a market cap of $289.2M, a PE ratio of 8.62, and a small quarterly dividend of $0.01 (annualized yield ~0.6%), while institutional ownership is high (~95%).

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.64 and traded as low as $6.13. James River Group shares last traded at $6.29, with a volume of 192,979 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JRVR. Truist Financial boosted their price objective 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. Compass Point cut James River Group from a "buy" rating to a "neutral" rating and set a $7.00 target price for the company. in a research note on Tuesday, December 16th. Zacks Research cut shares of James River Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 5th. Raymond James Financial set a $7.00 price target on shares of James River Group in a report on Tuesday, December 16th. Finally, Wall Street Zen upgraded shares of James River Group from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.25.

James River Group Trading Up 1.8%

The company has a market cap of $289.15 million, a PE ratio of 8.62 and a beta of -0.06. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.65 and a current ratio of 0.65. The company has a 50 day simple moving average of $6.64 and a two-hundred day simple moving average of $6.07.

James River Group (NASDAQ:JRVR - Get Free Report) last posted its quarterly earnings results on Monday, March 2nd. The insurance provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.01). James River Group had a return on equity of 12.01% and a net margin of 6.90%.The company had revenue of $167.75 million during the quarter, compared to analysts' expectations of $171.98 million. Sell-side analysts forecast that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.6%. James River Group's dividend payout ratio (DPR) is 5.48%.

Hedge Funds Weigh In On James River Group

Hedge funds have recently modified their holdings of the stock. Clearstead Advisors LLC raised its holdings in shares of James River Group by 173.9% during the fourth 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 in the last quarter. PharVision Advisers LLC purchased a new position in James River Group in the third quarter valued at about $59,000. R Squared Ltd acquired a new position in James River Group in the 3rd quarter worth about $60,000. Cerity Partners LLC purchased a new stake in shares of James River Group during the 2nd quarter worth about $61,000. Finally, M&T Bank Corp purchased a new stake in shares of James River Group during the 4th quarter worth about $65,000. 95.21% of the stock is owned by institutional investors and hedge funds.

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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