BidaskClub Lowers James River Group (NASDAQ:JRVR) to Hold

BidaskClub downgraded shares of James River Group (NASDAQ:JRVR) from a buy rating to a hold rating in a report released on Thursday morning, BidAskClub reports.

A number of other equities research analysts have also weighed in on JRVR. ValuEngine lowered shares of James River Group from a buy rating to a hold rating in a report on Thursday, August 1st. B. Riley set a $45.00 price objective on shares of James River Group and gave the company a hold rating in a report on Wednesday, August 7th. Finally, Zacks Investment Research upgraded shares of James River Group from a hold rating to a buy rating and set a $51.00 price objective on the stock in a report on Wednesday, May 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $43.75.

Shares of JRVR opened at $48.71 on Thursday. James River Group has a twelve month low of $34.08 and a twelve month high of $50.69. The firm’s fifty day simple moving average is $48.06 and its 200-day simple moving average is $43.81. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 19.26 and a beta of 0.50. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.12.



James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.02. James River Group had a net margin of 8.50% and a return on equity of 10.62%. The business had revenue of $220.37 million for the quarter, compared to analyst estimates of $218.10 million. On average, analysts predict that James River Group will post 2.67 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.30 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.46%. James River Group’s payout ratio is 51.50%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System grew its position in shares of James River Group by 0.6% in the 1st quarter. Arizona State Retirement System now owns 46,384 shares of the insurance provider’s stock valued at $1,859,000 after buying an additional 257 shares during the last quarter. 6 Meridian grew its position in shares of James River Group by 1.7% in the 2nd quarter. 6 Meridian now owns 17,884 shares of the insurance provider’s stock valued at $839,000 after buying an additional 307 shares during the last quarter. Mason Street Advisors LLC grew its position in shares of James River Group by 3.8% in the 1st quarter. Mason Street Advisors LLC now owns 9,657 shares of the insurance provider’s stock valued at $387,000 after buying an additional 355 shares during the last quarter. First Trust Advisors LP grew its position in shares of James River Group by 3.8% in the 2nd quarter. First Trust Advisors LP now owns 9,822 shares of the insurance provider’s stock valued at $461,000 after buying an additional 360 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. grew its position in shares of James River Group by 5.5% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 7,448 shares of the insurance provider’s stock valued at $299,000 after buying an additional 391 shares during the last quarter. 94.57% 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, provides specialty insurance and reinsurance services in the United States. Its Excess and Surplus Lines segment underwrites liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.

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