Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $47.00.

A number of equities research analysts recently weighed in on JRVR shares. Zacks Investment Research cut James River Group Holdings from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. BidaskClub cut James River Group Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $42.00 price target on shares of James River Group Holdings in a research note on Friday.

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James River Group Holdings (NASDAQ JRVR) traded down 0.20% during trading on Friday, hitting $40.18. 6,152 shares of the stock were exchanged. The stock’s 50-day moving average price is $39.87 and its 200-day moving average price is $40.92. The firm has a market cap of $1.19 billion, a PE ratio of 15.13 and a beta of 0.55. James River Group Holdings has a 12-month low of $33.96 and a 12-month high of $46.20.

James River Group Holdings (NASDAQ:JRVR) last posted its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by $0.04. James River Group Holdings had a net margin of 11.45% and a return on equity of 10.80%. The business had revenue of $202.40 million during the quarter, compared to the consensus estimate of $169.83 million. During the same quarter last year, the company posted $0.46 EPS. The firm’s revenue was up 50.5% on a year-over-year basis. On average, equities analysts expect that James River Group Holdings will post $2.50 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 11th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Friday, September 8th. James River Group Holdings’s dividend payout ratio is 45.28%.

In other James River Group Holdings news, Director Bryan Martin sold 4,250,000 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $39.41, for a total value of $167,492,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 41.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC raised its position in shares of James River Group Holdings by 0.8% in the second quarter. FMR LLC now owns 2,649,141 shares of the insurance provider’s stock worth $105,250,000 after buying an additional 21,164 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in James River Group Holdings by 7.4% in the first quarter. Frontier Capital Management Co. LLC now owns 1,574,274 shares of the insurance provider’s stock valued at $67,473,000 after buying an additional 108,650 shares during the period. Vanguard Group Inc. raised its stake in James River Group Holdings by 27.1% in the second quarter. Vanguard Group Inc. now owns 894,726 shares of the insurance provider’s stock valued at $35,548,000 after buying an additional 190,928 shares during the period. Goldman Sachs Group Inc. raised its stake in James River Group Holdings by 4,472.7% in the second quarter. Goldman Sachs Group Inc. now owns 853,306 shares of the insurance provider’s stock valued at $33,902,000 after buying an additional 834,645 shares during the period. Finally, OppenheimerFunds Inc. raised its stake in James River Group Holdings by 3.6% in the first quarter. OppenheimerFunds Inc. now owns 637,558 shares of the insurance provider’s stock valued at $27,325,000 after buying an additional 22,147 shares during the period. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

About James River Group Holdings

James River Group Holdings, Ltd. (JRG Holdings) is an insurance and reinsurance holding company. The Company operates through four segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. The Excess and Surplus Lines segment offers commercial excess and surplus lines liability and excess property insurance products.

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