James River Group (NASDAQ:JRVR) Rating Lowered to Hold at Wall Street Zen

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

A number of other research firms have also weighed in on JRVR. Compass Point lowered shares of James River Group from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a research note on Tuesday, December 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of James River Group in a research report on Monday, December 29th. Zacks Research cut shares of James River Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Raymond James Financial set a $7.00 price target on James River Group in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.40.

James River Group Stock Down 1.3%

Shares of NASDAQ:JRVR opened at $6.66 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.64 and a current ratio of 0.64. James River Group has a 52-week low of $3.00 and a 52-week high of $6.89. The business’s 50 day simple moving average is $6.25 and its two-hundred day simple moving average is $5.78. The firm has a market cap of $306.16 million, a P/E ratio of -3.20 and a beta of -0.02.

James River Group (NASDAQ:JRVR) last issued its earnings results on Monday, November 3rd. The insurance provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. James River Group had a positive return on equity of 7.11% and a negative net margin of 7.64%.The company had revenue of $172.74 million for the quarter, compared to analyst estimates of $179.21 million. As a group, research analysts forecast that James River Group will post -0.35 EPS for the current fiscal year.

Hedge Funds Weigh In On James River Group

Institutional investors have recently added to or reduced their stakes in the stock. Zimmer Partners LP increased its holdings in James River Group by 53.8% during the third quarter. Zimmer Partners LP now owns 4,591,638 shares of the insurance provider’s stock worth $25,484,000 after buying an additional 1,605,828 shares during the last quarter. Geode Capital Management LLC grew its position in shares of James River Group by 10.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock valued at $5,875,000 after acquiring an additional 95,351 shares during the period. Boston Partners increased its stake in shares of James River Group by 7.9% during the 3rd quarter. Boston Partners now owns 739,621 shares of the insurance provider’s stock worth $4,105,000 after purchasing an additional 54,024 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of James River Group by 3.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 719,379 shares of the insurance provider’s stock worth $3,993,000 after purchasing an additional 23,226 shares during the last quarter. Finally, Cantor Fitzgerald L. P. raised its holdings in shares of James River Group by 37.5% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 434,657 shares of the insurance provider’s stock worth $2,412,000 after purchasing an additional 118,657 shares during the period. 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.