Keefe, Bruyette & Woods Cuts James River Group (NASDAQ:JRVR) Price Target to $5.00

James River Group (NASDAQ:JRVR) had its price objective dropped by research analysts at Keefe, Bruyette & Woods from $6.00 to $5.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 21.65% from the stock’s current price.

Other research analysts have also issued reports about the company. JMP Securities reduced their price target on James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a research report on Friday, December 20th. StockNews.com cut James River Group from a “hold” rating to a “sell” rating in a report on Friday, March 7th. Truist Financial lowered their price target on James River Group from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Tuesday. Citigroup reiterated a “hold” rating on shares of James River Group in a research report on Tuesday. Finally, Compass Point decreased their price objective on shares of James River Group from $7.75 to $6.25 and set a “buy” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.06.

James River Group Price Performance

Shares of JRVR stock opened at $4.11 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38. James River Group has a 12 month low of $3.00 and a 12 month high of $9.56. The firm has a market cap of $187.60 million, a price-to-earnings ratio of -1.01 and a beta of 0.04. The stock has a 50-day moving average price of $4.69 and a 200 day moving average price of $5.43.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.66). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The business had revenue of $126.71 million for the quarter, compared to the consensus estimate of $159.91 million. During the same period last year, the firm earned $0.33 earnings per share. Research analysts expect that James River Group will post -0.35 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JRVR. Zimmer Partners LP acquired a new stake in shares of James River Group during the fourth quarter worth $1,343,000. ProShare Advisors LLC bought a new position in James River Group during the 4th quarter worth about $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of James River Group by 22.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,028 shares of the insurance provider’s stock valued at $102,000 after purchasing an additional 3,839 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of James River Group by 9.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,111,291 shares of the insurance provider’s stock valued at $5,412,000 after purchasing an additional 93,348 shares in the last quarter. Finally, Cantor Fitzgerald L. P. acquired a new position in shares of James River Group during the fourth quarter worth about $429,000. 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.