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

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

A number of other equities analysts have also recently issued reports on the company. UBS Group cut James River Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $8.00 to $4.75 in a report on Tuesday, May 19th. Citizens Jmp reiterated a “market perform” rating on shares of James River Group in a research report on Tuesday, May 5th. Truist Financial upped their price target on James River Group from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Weiss Ratings lowered James River Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 20th. Finally, Zacks Research lowered James River Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $6.44.

James River Group Price Performance

Shares of JRVR opened at $3.96 on Friday. James River Group has a 12-month low of $3.76 and a 12-month high of $7.20. The business has a 50-day simple moving average of $5.23 and a two-hundred day simple moving average of $6.01. 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 stock has a market cap of $183.11 million, a PE ratio of 11.65 and a beta of -0.16.

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

Institutional Investors Weigh In On James River Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Clearstead Advisors LLC boosted its position in shares of James River Group by 173.9% during the 4th quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 4,909 shares in the last quarter. PharVision Advisers LLC bought a new stake in shares of James River Group during the 3rd quarter valued at about $59,000. R Squared Ltd bought a new stake in shares of James River Group during the 3rd quarter valued at about $60,000. Cerity Partners LLC bought 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 stake in shares of James River Group during the 4th quarter valued at about $65,000. Institutional investors own 95.21% of the company’s stock.

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.