James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives Consensus Recommendation of “Hold” from Analysts

James River Group Holdings, Ltd. (NASDAQ:JRVR) has received a consensus rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $6.40.

Several equities analysts have recently issued reports on the company. Zacks Research lowered James River Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Raymond James Financial set a $7.00 price objective on shares of James River Group in a research note on Tuesday, December 16th. Compass Point cut shares of James River Group from a “buy” rating to a “neutral” rating and set a $7.00 target price on the stock. in a research note on Tuesday, December 16th. Wall Street Zen downgraded shares of James River Group from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of James River Group in a report on Monday, December 29th.

Institutional Trading of James River Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Zimmer Partners LP increased its stake in shares of James River Group by 53.8% in the third quarter. Zimmer Partners LP now owns 4,591,638 shares of the insurance provider’s stock valued at $25,484,000 after buying an additional 1,605,828 shares during the period. Geode Capital Management LLC grew its holdings in James River Group by 10.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock worth $5,875,000 after acquiring an additional 95,351 shares during the last quarter. Boston Partners grew its holdings in James River Group by 7.9% during the 3rd quarter. Boston Partners now owns 739,621 shares of the insurance provider’s stock worth $4,105,000 after acquiring an additional 54,024 shares during the last quarter. Dimensional Fund Advisors LP increased its position in James River Group by 3.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 719,379 shares of the insurance provider’s stock valued at $3,993,000 after acquiring an additional 23,226 shares during the period. Finally, Cantor Fitzgerald L. P. raised its stake in shares of James River Group by 37.5% during the third quarter. Cantor Fitzgerald L. P. now owns 434,657 shares of the insurance provider’s stock valued at $2,412,000 after acquiring an additional 118,657 shares during the last quarter. 95.21% of the stock is currently owned by institutional investors.

James River Group Stock Up 3.0%

Shares of NASDAQ JRVR opened at $6.95 on Thursday. The stock’s fifty day moving average is $6.41 and its 200 day moving average is $5.85. The stock has a market capitalization of $319.46 million, a P/E ratio of -3.34 and a beta of -0.04. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.64 and a current ratio of 0.64. James River Group has a 52 week low of $3.00 and a 52 week high of $7.03.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings results on Monday, November 3rd. The insurance provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The company had revenue of $172.74 million during the quarter, compared to the consensus estimate of $179.21 million. James River Group had a negative net margin of 7.64% and a positive return on equity of 7.11%. Sell-side analysts forecast that James River Group will post -0.35 earnings per share for the current fiscal year.

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.