Weiss Ratings Reiterates "Sell (D-)" Rating for James River Group (NASDAQ:JRVR)

Key Points

• Weiss Ratings has reiterated a "Sell (D-)" rating for James River Group (NASDAQ:JRVR), indicating ongoing concerns about the company's performance.
• Zacks Research has downgraded James River Group from a "strong-buy" to a "hold" rating, while consensus analyst ratings average out to a "hold" with a target price of $6.06.
• James River Group reported earnings of $0.23 per share for the latest quarter, slightly surpassing analyst estimates but falling short on revenue expectations, highlighting a negative net margin of 13.50%.

James River Group (NASDAQ:JRVR - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities researchers at Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

Separately, Zacks Research cut James River Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, James River Group has an average rating of "Hold" and a consensus target price of $6.06.

James River Group Stock Performance

NASDAQ JRVR traded up $0.17 during trading on Tuesday, hitting $5.38. The company's stock had a trading volume of 53,703 shares, compared to its average volume of 265,538. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average price of $5.56 and a 200 day moving average price of $5.33. The firm has a market cap of $247.05 million, a P/E ratio of -1.70 and a beta of 0.01. James River Group has a 52 week low of $3.00 and a 52 week high of $7.19.

James River Group (NASDAQ:JRVR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The insurance provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. The business had revenue of $152.61 million for the quarter, compared to analysts' expectations of $176.46 million. James River Group had a negative return on equity of 1.97% and a negative net margin of 13.50%. Equities research analysts forecast that James River Group will post -0.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its stake in James River Group by 2.5% in the second quarter. Ameriprise Financial Inc. now owns 97,492 shares of the insurance provider's stock valued at $571,000 after purchasing an additional 2,357 shares in the last quarter. Jane Street Group LLC raised its holdings in James River Group by 13.0% in the 1st quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider's stock valued at $106,000 after acquiring an additional 2,918 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in James River Group by 43.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 13,211 shares of the insurance provider's stock valued at $77,000 after acquiring an additional 3,971 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in shares of James River Group by 11.2% in the 2nd quarter. Bridgeway Capital Management LLC now owns 57,800 shares of the insurance provider's stock valued at $339,000 after purchasing an additional 5,800 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in shares of James River Group in the 1st quarter valued at $25,000. 95.21% of the stock is currently owned by institutional investors.

James River Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.