James River Group (NASDAQ:JRVR) Given "Market Outperform" Rating at JMP Securities

James River Group (NASDAQ:JRVR - Get Free Report)'s stock had its "market outperform" rating reaffirmed by equities research analysts at JMP Securities in a report released on Monday, Benzinga reports. They presently have a $15.00 price target on the insurance provider's stock. JMP Securities' target price points to a potential upside of 75.03% from the stock's previous close.

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

James River Group Stock Up 1.3 %

James River Group stock traded up $0.11 during trading hours on Monday, hitting $8.57. The stock had a trading volume of 486,310 shares, compared to its average volume of 1,307,666. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $322.75 million, a P/E ratio of -3.79 and a beta of 0.18. James River Group has a 12-month low of $6.35 and a 12-month high of $22.15. The stock's 50-day moving average price is $9.18 and its 200-day moving average price is $10.21.

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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $216.80 million. Equities research analysts anticipate that James River Group will post 1.75 EPS for the current fiscal year.

Institutional Investors Weigh In On James River Group

A number of institutional investors and hedge funds have recently modified their holdings of JRVR. Lazard Asset Management LLC bought a new stake in shares of James River Group during the 2nd quarter worth about $30,000. Federated Hermes Inc. acquired a new stake in James River Group during the 3rd quarter valued at $37,000. Point72 Hong Kong Ltd increased its stake in shares of James River Group by 218.7% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,654 shares of the insurance provider's stock valued at $41,000 after buying an additional 1,135 shares during the period. Tower Research Capital LLC TRC lifted its holdings in James River Group by 839.5% during the first quarter. Tower Research Capital LLC TRC now owns 2,236 shares of the insurance provider's stock worth $46,000 after acquiring an additional 1,998 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of James River Group in the 1st quarter valued at about $48,000. 95.21% of the stock is owned by institutional investors and hedge funds.

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.