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

StockNews.com lowered shares of James River Group (NASDAQ:JRVR) from a hold rating to a sell rating in a report released on Wednesday morning.

Other research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reduced 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 report on Thursday, March 13th. JMP Securities decreased their target price on shares of 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. Compass Point dropped their price target on shares of James River Group from $7.75 to $6.25 and set a “buy” rating on the stock in a research report on Monday, March 10th. Citigroup reaffirmed a “hold” rating on shares of James River Group in a report on Tuesday, March 11th. Finally, Truist Financial lowered their target price on shares of James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.06.

James River Group Price Performance

Shares of NASDAQ:JRVR opened at $4.25 on Wednesday. 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 has a twelve month low of $3.00 and a twelve month high of $9.56. The company’s 50 day moving average is $4.51 and its 200 day moving average is $5.18. The company has a market cap of $193.99 million, a PE ratio of -1.05 and a beta of 0.04.

James River Group (NASDAQ:JRVR) last posted its earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.66). The business had revenue of $126.71 million for the quarter, compared to analyst estimates of $159.91 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. During the same quarter in the prior year, the firm earned $0.33 earnings per share. On average, sell-side analysts forecast that James River Group will post -0.35 EPS for the current year.

James River Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Monday, March 10th. James River Group’s payout ratio is -1.38%.

Institutional Trading of James River Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Zimmer Partners LP acquired a new stake in James River Group in the 4th quarter worth about $1,343,000. ProShare Advisors LLC acquired a new stake in shares of James River Group in the fourth quarter worth approximately $51,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of James River Group by 22.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,028 shares of the insurance provider’s stock worth $102,000 after purchasing an additional 3,839 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in James River Group by 9.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,111,291 shares of the insurance provider’s stock valued at $5,412,000 after purchasing an additional 93,348 shares during the last quarter. Finally, Cantor Fitzgerald L. P. purchased a new position in James River Group in the 4th quarter valued at $429,000. 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.