James River Group (NASDAQ:JRVR) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of James River Group (NASDAQ:JRVR) from a hold rating to a sell rating in a report issued on Tuesday.

A number of other research analysts also recently issued reports on JRVR. Compass Point reduced their price objective on James River Group from $7.75 to $6.25 and set a “buy” rating for the company in a research note on Monday, March 10th. Truist Financial reduced their price objective on James River Group from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Tuesday, March 11th. Citigroup reiterated a “hold” rating on shares of James River Group in a research note on Tuesday, March 11th. JMP Securities cut their price target on James River Group from $11.00 to $8.00 and set a “market outperform” rating for the company in a research note on Friday, December 20th. Finally, Keefe, Bruyette & Woods cut their price target on James River Group from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, James River Group presently has an average rating of “Hold” and an average target price of $6.06.

James River Group Trading Down 0.3 %

Shares of James River Group stock opened at $3.90 on Tuesday. The stock has a fifty day simple moving average of $4.57 and a 200 day simple moving average of $5.29. James River Group has a 12-month low of $3.00 and a 12-month high of $9.56. The company has a market capitalization of $178.01 million, a P/E ratio of -0.96 and a beta of 0.04. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $126.71 million for the quarter, compared to the consensus estimate of $159.91 million. During the same quarter last year, the company posted $0.33 EPS. On average, sell-side analysts anticipate that James River Group will post -0.35 earnings per share for the current fiscal year.

James River Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.04 dividend on an annualized basis and a yield of 1.03%. James River Group’s dividend payout ratio (DPR) is -1.38%.

Institutional Trading of James River Group

A number of institutional investors have recently added to or reduced their stakes in JRVR. Los Angeles Capital Management LLC raised its holdings in shares of James River Group by 36.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 41,976 shares of the insurance provider’s stock valued at $263,000 after acquiring an additional 11,106 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of James River Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 112,641 shares of the insurance provider’s stock valued at $706,000 after acquiring an additional 5,628 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of James River Group by 33.3% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 140,000 shares of the insurance provider’s stock valued at $878,000 after acquiring an additional 35,000 shares in the last quarter. BBR Partners LLC purchased a new stake in shares of James River Group in the 3rd quarter valued at about $219,000. Finally, RBF Capital LLC raised its holdings in shares of James River Group by 4.2% in the 3rd quarter. RBF Capital LLC now owns 1,073,828 shares of the insurance provider’s stock valued at $6,733,000 after acquiring an additional 42,946 shares in the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

James River Group Company Profile

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.