James River Group (NASDAQ:JRVR) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

James River Group Holdings, Ltd. (NASDAQ:JRVR) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.45 and traded as low as $4.70. James River Group shares last traded at $4.70, with a volume of 157,221 shares changing hands.

Wall Street Analysts Forecast Growth

JRVR has been the topic of several recent research reports. Wall Street Zen upgraded James River Group from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Zacks Research upgraded James River Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Citizens Jmp reissued a “market perform” rating on shares of James River Group in a report on Tuesday, May 5th. UBS Group cut James River Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $8.00 to $4.75 in a research note on Tuesday, May 19th. Finally, Citigroup downgraded James River Group from a “hold” rating to a “market perform” rating in a report on Tuesday, May 5th. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $6.44.

James River Group Stock Performance

The business has a 50-day simple moving average of $4.36 and a 200 day simple moving average of $5.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market cap of $217.33 million, a PE ratio of 13.82 and a beta of -0.20.

Institutional Investors Weigh In On James River Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in shares of James River Group by 176.0% in the second quarter. Versant Capital Management Inc now owns 6,179 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 3,940 shares during the period. Clearstead Advisors LLC raised its position in shares of James River Group by 173.9% during the 4th quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 4,909 shares during the period. M&T Bank Corp bought a new stake in shares of James River Group during the 4th quarter valued at $65,000. Cerity Partners LLC purchased a new position in shares of James River Group during the 2nd quarter valued at $61,000. Finally, PharVision Advisers LLC purchased a new position in shares of James River Group during the 3rd quarter valued at $59,000. Institutional investors own 95.21% of the company’s stock.

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.