James River Group (NASDAQ:JRVR) Raised to “Hold” at Wall Street Zen

James River Group (NASDAQ:JRVR) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

A number of other equities research analysts have also weighed in on JRVR. Citigroup lowered shares of James River Group from a “hold” rating to a “market perform” rating in a report on Tuesday, May 5th. Weiss Ratings lowered shares of James River Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 20th. Truist Financial raised their price target on shares of James River Group from $6.00 to $7.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. UBS Group lowered shares of James River Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $8.00 to $4.75 in a report on Tuesday, May 19th. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of James River Group in a report on Tuesday, May 5th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $6.44.

James River Group Stock Performance

Shares of JRVR opened at $4.19 on Friday. The company’s 50 day simple moving average is $5.02 and its 200 day simple moving average is $5.96. The company has a market capitalization of $193.73 million, a price-to-earnings ratio of 12.32 and a beta of -0.16. James River Group has a 1 year low of $3.76 and a 1 year high of $7.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.64.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Monday, May 4th. The insurance provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.15). The firm had revenue of $151.38 million for the quarter, compared to analyst estimates of $155.07 million. James River Group had a net margin of 4.34% and a return on equity of 10.79%. On average, sell-side analysts predict that James River Group will post 0.8 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JRVR. Clearstead Advisors LLC lifted its position in shares of James River Group by 173.9% in the 4th quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider’s stock worth $49,000 after buying an additional 4,909 shares during the last quarter. PharVision Advisers LLC bought a new position in shares of James River Group in the 3rd quarter worth about $59,000. R Squared Ltd bought a new position in shares of James River Group in the 3rd quarter worth about $60,000. Cerity Partners LLC bought a new stake in James River Group in the 2nd quarter valued at about $61,000. Finally, M&T Bank Corp bought a new stake in James River Group in the 4th quarter valued at about $65,000. 95.21% of the stock is currently owned by 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.