Analysts Set James River Group Holdings, Ltd. (NASDAQ:JRVR) Price Target at $6.44

James River Group Holdings, Ltd. (NASDAQ:JRVR) has earned a consensus rating of “Reduce” from the seven ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $6.4375.

Several brokerages have recently issued reports on JRVR. Zacks Research raised James River Group from a “strong sell” rating to a “hold” rating in a report on Monday. UBS Group lowered James River Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $8.00 to $4.75 in a research note on Tuesday, May 19th. Citigroup cut James River Group from a “hold” rating to a “market perform” rating in a report on Tuesday, May 5th. Weiss Ratings downgraded James River Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 20th. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of James River Group in a report on Tuesday, May 5th.

James River Group Trading Down 1.5%

Shares of JRVR opened at $4.52 on Friday. The firm has a market cap of $209.00 million, a P/E ratio of 13.29 and a beta of -0.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.64 and a quick ratio of 0.64. James River Group has a 1 year low of $3.76 and a 1 year high of $7.20. The company has a 50 day simple moving average of $4.25 and a two-hundred day simple moving average of $5.70.

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

James River Group Dividend Announcement

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

Institutional Investors Weigh In On James River Group

Hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc grew its stake in shares of James River Group by 176.0% in the 2nd quarter. Versant Capital Management Inc now owns 6,179 shares of the insurance provider’s stock worth $27,000 after buying an additional 3,940 shares in the last quarter. Clearstead Advisors LLC increased its holdings 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 purchased a new stake in shares of James River Group during the 3rd quarter valued at about $59,000. Cerity Partners LLC purchased a new stake in shares of James River Group during the 2nd quarter valued at about $61,000. Finally, M&T Bank Corp bought a new position in shares of James River Group in the 4th quarter valued at about $65,000. Hedge funds and other institutional investors own 95.21% of the company’s stock.

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.