James River Group (NASDAQ:JRVR) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.55 and traded as low as $4.34. James River Group shares last traded at $4.45, with a volume of 457,286 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on JRVR shares. Citizens Jmp reissued a “market perform” rating on shares of James River Group in a report on Tuesday, May 5th. Weiss Ratings downgraded shares of James River Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 20th. Zacks Research lowered shares of James River Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. UBS Group cut James River Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $8.00 to $4.75 in a research note on Tuesday, May 19th. Finally, Citigroup downgraded James River Group from a “hold” rating to a “market perform” rating in a research report on Tuesday, May 5th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, James River Group currently has a consensus rating of “Reduce” and an average target price of $6.44.

James River Group Price Performance

The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.44. The business’s 50-day simple moving average is $4.55 and its 200 day simple moving average is $5.82. The firm has a market capitalization of $205.77 million, a P/E ratio of 13.09 and a beta of -0.15.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data 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 business had revenue of $151.38 million during the quarter, compared to the consensus estimate of $155.07 million. James River Group had a return on equity of 10.79% and a net margin of 4.34%. Sell-side analysts forecast that James River Group Holdings, Ltd. will post 0.8 earnings per share for the current year.

James River Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 8th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, June 8th. James River Group’s dividend payout ratio (DPR) is presently 11.76%.

Institutional Trading of James River Group

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in shares of James River Group by 22.0% during the first quarter. Bank of America Corp DE now owns 36,690 shares of the insurance provider’s stock valued at $231,000 after buying an additional 6,608 shares during the last quarter. RBF Capital LLC boosted its holdings in James River Group by 7.5% during the 1st quarter. RBF Capital LLC now owns 1,128,525 shares of the insurance provider’s stock valued at $7,110,000 after acquiring an additional 78,525 shares during the period. Quantinno Capital Management LP boosted its holdings in James River Group by 33.2% during the 1st quarter. Quantinno Capital Management LP now owns 102,164 shares of the insurance provider’s stock valued at $644,000 after acquiring an additional 25,473 shares during the period. Renaissance Technologies LLC grew its position in James River Group by 67.6% during the 1st quarter. Renaissance Technologies LLC now owns 43,400 shares of the insurance provider’s stock worth $273,000 after acquiring an additional 17,500 shares during the last quarter. Finally, Sei Investments Co. grew its position in James River Group by 75.8% during the 1st quarter. Sei Investments Co. now owns 83,400 shares of the insurance provider’s stock worth $525,000 after acquiring an additional 35,948 shares during the last quarter. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

James River Group Company Profile

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.