James River Group (NASDAQ:JRVR) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

James River Group Holdings, Ltd. (NASDAQ:JRVR) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.64 and traded as low as $6.13. James River Group shares last traded at $6.29, with a volume of 192,979 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on JRVR shares. Wall Street Zen raised shares of James River Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Compass Point downgraded shares of James River Group from a “buy” rating to a “neutral” rating and set a $7.00 target price for the company. in a research report on Tuesday, December 16th. Truist Financial increased their price target on shares of James River Group from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Zacks Research downgraded shares of James River Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Raymond James Financial set a $7.00 price objective on shares of James River Group in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.25.

James River Group Stock Performance

The stock has a fifty day moving average price of $6.64 and a 200 day moving average price of $6.07. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.42. The firm has a market cap of $289.15 million, a price-to-earnings ratio of 8.62 and a beta of -0.06.

James River Group (NASDAQ:JRVR) last posted its earnings results on Monday, March 2nd. The insurance provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $167.75 million during the quarter, compared to analyst estimates of $171.98 million. James River Group had a return on equity of 12.01% and a net margin of 6.90%. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, March 13th. James River Group’s payout ratio is presently 5.48%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JRVR. Boston Partners raised its holdings in James River Group by 34.0% in the 2nd quarter. Boston Partners now owns 685,597 shares of the insurance provider’s stock worth $4,018,000 after acquiring an additional 173,981 shares during the period. Kennedy Capital Management LLC boosted its holdings in James River Group by 47.8% during the second quarter. Kennedy Capital Management LLC now owns 432,568 shares of the insurance provider’s stock valued at $2,535,000 after acquiring an additional 139,883 shares during the period. Cantor Fitzgerald L. P. boosted its holdings in James River Group by 37.5% during the third quarter. Cantor Fitzgerald L. P. now owns 434,657 shares of the insurance provider’s stock valued at $2,412,000 after acquiring an additional 118,657 shares during the period. Bronte Capital Management Pty Ltd. acquired a new stake in shares of James River Group in the fourth quarter valued at about $786,000. Finally, PFG Investments LLC acquired a new stake in shares of James River Group in the fourth quarter valued at about $71,000. 95.21% of the stock is currently owned by institutional investors and hedge funds.

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.