Brokerages Set James River Group Holdings, Ltd. (NASDAQ:JRVR) Price Target at $11.17

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have earned an average rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $11.17.

JRVR has been the subject of a number of recent research reports. Compass Point reduced their target price on shares of James River Group from $12.50 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. JMP Securities reduced their target price on shares of James River Group from $14.00 to $11.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 6th. Finally, Truist Financial reduced their target price on shares of James River Group from $9.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th.

James River Group Stock Performance

NASDAQ:JRVR opened at $6.26 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.64 and a current ratio of 0.64. The company has a fifty day moving average of $7.31 and a two-hundred day moving average of $7.84. The stock has a market capitalization of $236.82 million, a PE ratio of -3.00 and a beta of 0.17. James River Group has a fifty-two week low of $6.14 and a fifty-two week high of $15.88.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings data on Monday, August 5th. The insurance provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). The company had revenue of $188.30 million for the quarter, compared to analyst estimates of $169.39 million. James River Group had a positive return on equity of 11.66% and a negative net margin of 12.79%. The business’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. As a group, research analysts forecast that James River Group will post 1.85 earnings per share for the current fiscal year.

James River Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Monday, September 16th. James River Group’s dividend payout ratio is currently -9.57%.

Institutional Investors Weigh In On James River Group

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of James River Group by 22.9% in the first quarter. Vanguard Group Inc. now owns 2,579,287 shares of the insurance provider’s stock valued at $23,987,000 after purchasing an additional 479,823 shares during the period. AQR Capital Management LLC boosted its stake in James River Group by 2,512.5% during the second quarter. AQR Capital Management LLC now owns 1,377,017 shares of the insurance provider’s stock worth $10,644,000 after buying an additional 1,324,309 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in James River Group by 11.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 576,293 shares of the insurance provider’s stock worth $5,325,000 after buying an additional 60,609 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in James River Group by 143.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 512,968 shares of the insurance provider’s stock worth $4,771,000 after buying an additional 302,257 shares during the period. Finally, Marshall Wace LLP boosted its stake in James River Group by 39.2% during the second quarter. Marshall Wace LLP now owns 469,963 shares of the insurance provider’s stock worth $3,633,000 after buying an additional 132,300 shares during the period. 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, 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.