James River Group (NASDAQ:JRVR) Share Price Passes Below Fifty Day Moving Average - Should You Sell?

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report)'s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.38 and traded as low as $4.01. James River Group shares last traded at $4.03, with a volume of 280,633 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on JRVR shares. Zacks Research upgraded shares of James River Group from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. Truist Financial lowered their price target on shares of James River Group from $6.00 to $5.00 and set a "hold" rating for the company in a report on Wednesday, August 12th. Wall Street Zen raised shares of James River Group from a "sell" rating to a "hold" rating in a research report on Sunday, June 14th. Weiss Ratings raised shares of James River Group from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Finally, UBS Group reduced their price objective on shares of James River Group from $4.75 to $4.00 and set a "neutral" rating on the stock in a research note on Monday, August 17th. Six investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $5.75.

James River Group Price Performance

The company has a 50 day moving average of $4.38 and a 200 day moving average of $5.03. The stock has a market capitalization of $186.35 million, a price-to-earnings ratio of 10.61 and a beta of -0.21. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.43.

James River Group (NASDAQ:JRVR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). The business had revenue of $161.34 million during the quarter, compared to analyst estimates of $135.50 million. James River Group had a return on equity of 9.93% and a net margin of 4.68%. As a group, equities research analysts forecast that James River Group Holdings, Ltd. will post 0.65 EPS for the current fiscal year.

James River Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. James River Group's dividend payout ratio (DPR) is currently 10.53%.

Institutional Investors Weigh In On James River Group

Institutional investors have recently bought and sold shares of the stock. Zimmer Partners LP raised its stake in James River Group by 53.8% during the third quarter. Zimmer Partners LP now owns 4,591,638 shares of the insurance provider's stock worth $25,484,000 after purchasing an additional 1,605,828 shares during the period. Enstar Group LTD purchased a new stake in shares of James River Group during the 4th quarter valued at $16,477,000. Donald Smith & CO. Inc. purchased a new stake in shares of James River Group during the 2nd quarter valued at $10,738,000. RBF Capital LLC grew its stake in shares of James River Group by 7.5% during the 1st quarter. RBF Capital LLC now owns 1,128,525 shares of the insurance provider's stock valued at $7,110,000 after buying an additional 78,525 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of James River Group by 10.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider's stock worth $5,875,000 after buying an additional 95,351 shares during the last quarter. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

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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