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

James River Group Holdings, Ltd. (NASDAQ:JRVR) has been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $6.40.

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

James River Group Stock Performance

JRVR traded up $0.09 during trading hours on Monday, hitting $7.09. The stock had a trading volume of 34,659 shares, compared to its average volume of 250,809. James River Group has a 1 year low of $3.00 and a 1 year high of $7.14. The company’s fifty day simple moving average is $6.61 and its 200 day simple moving average is $5.98. The stock has a market cap of $325.90 million, a PE ratio of -3.42 and a beta of -0.04. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.45.

Hedge Funds Weigh In On James River Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its position 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 acquiring an additional 2,918 shares during the period. Boston Partners boosted its position in shares of James River Group by 34.0% during the second quarter. Boston Partners now owns 685,597 shares of the insurance provider’s stock valued at $4,018,000 after buying an additional 173,981 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of James River Group by 10.5% in the second 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 period. Brandywine Global Investment Management LLC bought a new stake in James River Group in the 2nd quarter worth approximately $99,000. Finally, Invesco Ltd. increased its position in James River Group by 7.6% during the second quarter. Invesco Ltd. now owns 298,243 shares of the insurance provider’s stock valued at $1,748,000 after acquiring an additional 20,954 shares during the last quarter. 95.21% of the stock is currently 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.