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

James River Group Holdings Ltd (NASDAQ:JRVR) has been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $49.33.

Several research analysts recently issued reports on the stock. TheStreet upgraded shares of James River Group from a “c” rating to a “b” rating in a research report on Wednesday. B. Riley upped their price target on shares of James River Group from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. BidaskClub lowered shares of James River Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Keefe, Bruyette & Woods upped their price target on shares of James River Group from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. Finally, SunTrust Banks upped their price target on shares of James River Group from $42.00 to $53.00 and gave the company a “hold” rating in a research report on Wednesday, July 15th.

In related news, Director Janet Raye Cowell sold 1,115 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $39.38, for a total value of $43,908.70. Following the completion of the transaction, the director now directly owns 5,792 shares of the company’s stock, valued at $228,088.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO J Adam Abram purchased 15,384 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was bought at an average cost of $33.51 per share, with a total value of $515,517.84. Following the completion of the purchase, the chief executive officer now owns 470,616 shares of the company’s stock, valued at $15,770,342.16. The disclosure for this purchase can be found here. Corporate insiders own 3.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd increased its stake in shares of James River Group by 892.1% during the fourth quarter. Point72 Hong Kong Ltd now owns 883 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 794 shares in the last quarter. Quadrant Capital Group LLC bought a new position in shares of James River Group during the fourth quarter valued at approximately $43,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of James River Group by 141.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,107 shares of the insurance provider’s stock valued at $185,000 after purchasing an additional 2,403 shares in the last quarter. Amalgamated Bank increased its stake in shares of James River Group by 7.0% during the fourth quarter. Amalgamated Bank now owns 5,377 shares of the insurance provider’s stock valued at $222,000 after purchasing an additional 352 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of James River Group during the second quarter valued at approximately $228,000. 95.55% of the stock is owned by institutional investors.

Shares of NASDAQ:JRVR opened at $46.32 on Tuesday. James River Group has a 52-week low of $25.34 and a 52-week high of $52.18. The firm has a fifty day moving average of $44.92 and a 200 day moving average of $39.81. The firm has a market capitalization of $1.41 billion, a PE ratio of -220.56 and a beta of 0.52. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.75.

James River Group (NASDAQ:JRVR) last announced its earnings results on Wednesday, July 29th. The insurance provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08. James River Group had a negative net margin of 0.38% and a positive return on equity of 4.42%. The company had revenue of $186.75 million during the quarter, compared to analyst estimates of $188.85 million. On average, sell-side analysts forecast that James River Group will post 1.86 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, September 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.59%. James River Group’s dividend payout ratio is currently 85.71%.

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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