James River Group (NASDAQ:JRVR) Stock Price Crosses Below 50 Day Moving Average - Time to Sell?

Key Points

• James River Group shares fell below their 50-day moving average, trading as low as $3.38 and last changing hands at $3.44, compared with a 50-day average of $4.17.
• Analyst sentiment remains cautious: six analysts rate the stock Hold and one rates it Sell, producing a consensus rating of “Reduce.” Truist and UBS also cut their price targets to $5.00 and $4.00, respectively.
• The company missed quarterly earnings expectations, reporting $0.20 per share versus the $0.24 consensus estimate, though revenue of $161.34 million exceeded forecasts. James River declared a quarterly dividend of $0.01 per share, yielding about 1.2% annually.

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) passed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $4.17 and traded as low as $3.38. James River Group shares last traded at $3.44, with a volume of 337,138 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on JRVR shares. Truist Financial reduced their price target on James River Group from $6.00 to $5.00 and set a "hold" rating on the stock in a report on Wednesday, August 12th. Zacks Research upgraded shares of James River Group from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. Wall Street Zen upgraded James River Group from a "sell" rating to a "hold" rating in a research note on Sunday, June 14th. Weiss Ratings upgraded 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 lowered their price target on James River Group from $4.75 to $4.00 and set a "neutral" rating for the company in a report on Monday, August 17th. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $5.75.

James River Group Price Performance

The company has a market capitalization of $159.10 million, a price-to-earnings ratio of 9.05 and a beta of -0.21. The stock's 50-day simple moving average is $4.17 and its two-hundred day simple moving average is $4.74. 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 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.04). James River Group had a return on equity of 9.93% and a net margin of 4.68%.The firm had revenue of $161.34 million for the quarter, compared to analysts' expectations of $135.50 million. Equities research analysts predict that James River Group Holdings, Ltd. will post 0.65 earnings per share for the current year.

James River Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 15th. James River Group's dividend payout ratio (DPR) is presently 10.53%.

Institutional Trading of James River Group

Several hedge funds have recently made changes to their positions in the business. Donald Smith & CO. Inc. purchased a new stake in shares of James River Group in the second quarter valued at $10,738,000. Enstar Group LTD purchased a new stake in James River Group during the 4th quarter worth about $16,477,000. Bank of New York Mellon Corp acquired a new position in James River Group in the 2nd quarter valued at about $562,000. Hillsdale Investment Management Inc. raised its stake in James River Group by 45.5% in the 1st quarter. Hillsdale Investment Management Inc. now owns 448,860 shares of the insurance provider's stock valued at $2,828,000 after purchasing an additional 140,400 shares during the last quarter. Finally, Bronte Capital Management Pty Ltd. lifted its holdings in James River Group by 174.3% in the 1st quarter. Bronte Capital Management Pty Ltd. now owns 338,961 shares of the insurance provider's stock valued at $2,135,000 after purchasing an additional 215,386 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company's stock.

James River Group Company Profile

James River Group Holdings, Ltd. is a Bermuda-based specialty insurance holding company that operates primarily through insurance subsidiaries in the United States. The company provides specialty property and casualty insurance and reinsurance products for businesses and other insurance organizations.

James River's operations have included excess and surplus lines, specialty admitted insurance and casualty reinsurance. Its products are designed for risks that may not be readily served by standard insurance markets and have included commercial automobile liability, general liability, workers' compensation and other casualty coverages.

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