James River Group (NASDAQ:JRVR) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• James River Group shares fell below their 200-day moving average, trading as low as $4.70 versus the $5.45 average, with 157,221 shares changing hands.
• Analyst sentiment remains cautious: six analysts rate the stock “Hold” and one rates it “Sell,” resulting in a consensus “Reduce” rating and an average price target of $6.44.
• Institutional investors own 95.21% of the company, while James River Group has a market capitalization of approximately $217 million and a price-to-earnings ratio of 13.82.

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.45 and traded as low as $4.70. James River Group shares last traded at $4.70, with a volume of 157,221 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently commented on JRVR shares. Zacks Research raised James River Group from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. Citizens Jmp reaffirmed a "market perform" rating on shares of James River Group in a research note on Tuesday, May 5th. Citigroup lowered shares of James River Group from a "hold" rating to a "market perform" rating in a research report on Tuesday, May 5th. Wall Street Zen raised shares of James River Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 14th. Finally, Weiss Ratings lowered shares of James River Group from a "sell (d+)" rating to a "sell (d)" rating in a report on Wednesday, May 20th. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $6.44.

James River Group Stock Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market cap of $217.33 million, a PE ratio of 13.82 and a beta of -0.20. The business has a 50 day moving average price of $4.36 and a two-hundred day moving average price of $5.45.

Institutional Investors Weigh In On James River Group

A number of large investors have recently added to or reduced their stakes in JRVR. Wealth Enhancement Advisory Services LLC boosted its position in shares of James River Group by 13.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,142 shares of the insurance provider's stock valued at $93,000 after purchasing an additional 1,772 shares in the last quarter. Cerity Partners LLC lifted its position in James River Group by 15.5% during the fourth quarter. Cerity Partners LLC now owns 15,388 shares of the insurance provider's stock valued at $98,000 after buying an additional 2,062 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of James River Group by 2.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 97,492 shares of the insurance provider's stock valued at $571,000 after buying an additional 2,357 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of James River Group by 13.0% during the 1st quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider's stock valued at $106,000 after buying an additional 2,918 shares in the last quarter. Finally, Barclays PLC grew its position in shares of James River Group by 6.1% in the 4th quarter. Barclays PLC now owns 60,941 shares of the insurance provider's stock worth $388,000 after buying an additional 3,528 shares during the period. Institutional investors own 95.21% of the company's stock.

About James River Group

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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