James River Group (NASDAQ:JRVR) Issues Earnings Results, Misses Expectations By $0.04 EPS

James River Group (NASDAQ:JRVR) posted its earnings results on Monday. The insurance provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.04), FiscalAI reports. James River Group had a net margin of 4.34% and a return on equity of 10.79%.

James River Group Trading Down 3.4%

Shares of NASDAQ JRVR traded down $0.16 during midday trading on Monday, reaching $4.54. 200,027 shares of the stock were exchanged, compared to its average volume of 330,760. The stock has a 50 day moving average price of $4.36 and a 200-day moving average price of $5.44. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $209.93 million, a P/E ratio of 13.35 and a beta of -0.20. James River Group has a 52-week low of $3.76 and a 52-week high of $7.20.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Citizens Jmp reaffirmed a “market perform” rating on shares of James River Group in a report on Tuesday, May 5th. Citigroup downgraded James River Group from a “hold” rating to a “market perform” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded James River Group from a “sell” rating to a “hold” rating in a report on Sunday, June 14th. Zacks Research raised James River Group from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, UBS Group cut James River Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $8.00 to $4.75 in a report on Tuesday, May 19th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, James River Group presently has an average rating of “Reduce” and an average target price of $6.44.

Institutional Trading of James River Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cerity Partners LLC raised its position in James River Group by 15.5% in the 4th quarter. Cerity Partners LLC now owns 15,388 shares of the insurance provider’s stock valued at $98,000 after purchasing an additional 2,062 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of James River Group by 2.5% during the second quarter. Ameriprise Financial Inc. now owns 97,492 shares of the insurance provider’s stock worth $571,000 after purchasing an additional 2,357 shares during the last quarter. Jane Street Group LLC increased its stake in shares of James River Group by 13.0% in the first quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider’s stock valued at $106,000 after buying an additional 2,918 shares in the last quarter. Barclays PLC increased its stake in shares of James River Group by 6.1% in the fourth quarter. Barclays PLC now owns 60,941 shares of the insurance provider’s stock valued at $388,000 after buying an additional 3,528 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of James River Group by 43.0% in the second quarter. BNP Paribas Financial Markets now owns 13,211 shares of the insurance provider’s stock valued at $77,000 after buying an additional 3,971 shares during the last quarter. 95.21% of the stock is owned by hedge funds and other institutional investors.

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.