James River Group (NASDAQ:JRVR) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

James River Group Holdings, Ltd. (NASDAQ:JRVR) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.62 and traded as high as $6.89. James River Group shares last traded at $6.79, with a volume of 349,960 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of James River Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of James River Group in a research report on Monday, December 8th. Compass Point cut James River Group from a “buy” rating to a “neutral” rating in a research report on Tuesday. Finally, Wall Street Zen downgraded James River Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.06.

James River Group Stock Performance

The firm has a market capitalization of $312.14 million, a price-to-earnings ratio of -3.26 and a beta of 0.01. The firm’s 50-day moving average price is $5.62 and its two-hundred day moving average price is $5.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.64 and a current ratio of 0.64.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings results on Monday, November 3rd. The insurance provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The firm had revenue of $172.74 million during the quarter, compared to analysts’ expectations of $179.21 million. James River Group had a negative net margin of 7.64% and a positive return on equity of 7.11%. Sell-side analysts predict that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current year.

James River Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, December 15th. James River Group’s dividend payout ratio is -1.92%.

Institutional Investors Weigh In On James River Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cantor Fitzgerald L. P. grew its holdings in shares of James River Group by 37.5% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 434,657 shares of the insurance provider’s stock worth $2,412,000 after purchasing an additional 118,657 shares during the last quarter. PharVision Advisers LLC acquired a new position in James River Group in the third quarter valued at about $59,000. Zimmer Partners LP boosted its position in James River Group by 53.8% in the third quarter. Zimmer Partners LP now owns 4,591,638 shares of the insurance provider’s stock valued at $25,484,000 after buying an additional 1,605,828 shares in the last quarter. Brooklyn Investment Group grew its stake in James River Group by 1,340.7% during the third quarter. Brooklyn Investment Group now owns 39,231 shares of the insurance provider’s stock worth $218,000 after buying an additional 36,508 shares during the last quarter. Finally, Two Sigma Investments LP grew its stake in James River Group by 30.2% during the third quarter. Two Sigma Investments LP now owns 275,753 shares of the insurance provider’s stock worth $1,530,000 after buying an additional 63,914 shares during the last quarter. 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.