James River Group (NASDAQ:JRVR) Given Market Outperform Rating at JMP Securities

JMP Securities restated their market outperform rating on shares of James River Group (NASDAQ:JRVR) in a research note issued to investors on Monday, Benzinga reports. They currently have a $15.00 price objective on the insurance provider’s stock.

Several other equities analysts also recently issued reports on the stock. UBS Group cut their price objective on shares of James River Group from $34.00 to $15.00 and set a buy rating on the stock in a report on Tuesday, March 5th. Compass Point upgraded James River Group from a neutral rating to a buy rating and set a $12.00 target price on the stock in a research report on Friday, March 22nd. Truist Financial dropped their target price on James River Group from $15.00 to $11.00 and set a hold rating on the stock in a research report on Friday, March 1st. Finally, Keefe, Bruyette & Woods dropped their target price on James River Group from $11.00 to $9.00 and set a market perform rating on the stock in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $12.33.

James River Group Stock Performance

Shares of James River Group stock opened at $8.57 on Monday. The company has a market capitalization of $322.75 million, a PE ratio of -3.79 and a beta of 0.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.55 and a current ratio of 0.55. The company has a 50-day simple moving average of $9.18 and a two-hundred day simple moving average of $10.21. James River Group has a one year low of $6.35 and a one year high of $22.15.

James River Group (NASDAQ:JRVR) last announced its earnings results on Wednesday, February 28th. The insurance provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10). The firm had revenue of $218.10 million during the quarter, compared to the consensus estimate of $216.80 million. James River Group had a positive return on equity of 13.75% and a negative net margin of 10.80%. Research analysts expect that James River Group will post 1.75 EPS for the current fiscal year.

James River Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were given a $0.05 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.20 annualized dividend and a yield of 2.33%. James River Group’s dividend payout ratio is presently -8.85%.

Institutional Investors Weigh In On James River Group

Several hedge funds have recently bought and sold shares of JRVR. BlackRock Inc. lifted its position in shares of James River Group by 0.4% during the 3rd quarter. BlackRock Inc. now owns 5,471,279 shares of the insurance provider’s stock valued at $124,799,000 after buying an additional 19,789 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of James River Group by 8.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,583,161 shares of the insurance provider’s stock valued at $74,924,000 after buying an additional 274,337 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of James River Group by 3.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,325,366 shares of the insurance provider’s stock valued at $82,403,000 after buying an additional 113,805 shares in the last quarter. Vanguard Group Inc. raised its stake in James River Group by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 2,539,486 shares of the insurance provider’s stock valued at $62,827,000 after purchasing an additional 98,880 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in James River Group by 20.7% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,997,793 shares of the insurance provider’s stock valued at $30,666,000 after purchasing an additional 342,090 shares during the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

James River Group Company Profile

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.