James River Group (NASDAQ:JRVR) Shares Cross Below Fifty Day Moving Average of $9.27

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.27 and traded as low as $8.65. James River Group shares last traded at $8.82, with a volume of 510,221 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. UBS Group decreased their target price on James River Group from $34.00 to $15.00 and set a "buy" rating on the stock in a report on Tuesday, March 5th. Keefe, Bruyette & Woods dropped their target price on shares of James River Group from $11.00 to $9.00 and set a "market perform" rating for the company in a research note on Thursday, March 7th. Truist Financial lowered their target price on James River Group from $15.00 to $11.00 and set a "hold" rating for the company in a research note on Friday, March 1st. Finally, Compass Point upgraded shares of James River Group from a "neutral" rating to a "buy" rating and set a $12.00 price target for the company in a research report on Friday, March 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $12.33.

James River Group Price Performance

The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $9.24 and a 200-day moving average of $10.41. The firm has a market capitalization of $319.36 million, a P/E ratio of -3.75 and a beta of 0.18.

James River Group (NASDAQ:JRVR - Get Free Report) last announced its earnings results on Wednesday, February 28th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.10). James River Group had a negative net margin of 10.80% and a positive return on equity of 13.75%. The business had revenue of $218.10 million during the quarter, compared to the consensus estimate of $216.80 million. On average, sell-side analysts predict that James River Group Holdings, Ltd. will post 1.75 EPS for the current year.

James River Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.36%. James River Group's payout ratio is presently -8.85%.

Institutional Investors Weigh In On James River Group

Large investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC bought a new stake in James River Group during the second quarter worth about $30,000. Federated Hermes Inc. bought a new stake in shares of James River Group during the 3rd quarter worth approximately $37,000. Point72 Hong Kong Ltd boosted its position in shares of James River Group by 218.7% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,654 shares of the insurance provider's stock worth $41,000 after acquiring an additional 1,135 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in James River Group by 839.5% in the first quarter. Tower Research Capital LLC TRC now owns 2,236 shares of the insurance provider's stock valued at $46,000 after acquiring an additional 1,998 shares during the last quarter. Finally, Quarry LP acquired a new position in James River Group during the first quarter valued at approximately $48,000. Institutional investors and hedge funds own 95.21% of the company's stock.

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.