Several other research firms also recently weighed in on JRVR. ValuEngine raised James River Group from a hold rating to a buy rating in a research note on Tuesday, March 5th. Zacks Investment Research downgraded James River Group from a hold rating to a strong sell rating in a research note on Saturday, March 2nd. Compass Point started coverage on James River Group in a research note on Tuesday, January 15th. They issued a buy rating and a $44.00 price objective for the company. Finally, B. Riley reaffirmed a neutral rating on shares of James River Group in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. James River Group currently has a consensus rating of Hold and an average price target of $39.75.
JRVR opened at $39.28 on Friday. James River Group has a 12 month low of $34.08 and a 12 month high of $43.47. The company has a market capitalization of $1.17 billion, a PE ratio of 16.86 and a beta of 0.58. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.17.
James River Group (NASDAQ:JRVR) last released its quarterly earnings data on Thursday, February 21st. The insurance provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.09). James River Group had a net margin of 7.21% and a return on equity of 10.15%. The firm had revenue of $214.52 million during the quarter, compared to analysts’ expectations of $214.20 million. As a group, research analysts forecast that James River Group will post 2.53 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 11th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.05%. The ex-dividend date was Friday, March 8th. James River Group’s payout ratio is currently 51.50%.
In other James River Group news, insider Michael E. Crow sold 7,019 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $40.69, for a total transaction of $285,603.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.50% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can increased its position in James River Group by 88.9% during the fourth quarter. Bank of Montreal Can now owns 752 shares of the insurance provider’s stock worth $28,000 after buying an additional 354 shares in the last quarter. Meeder Asset Management Inc. increased its position in James River Group by 1,221.7% during the fourth quarter. Meeder Asset Management Inc. now owns 912 shares of the insurance provider’s stock worth $33,000 after buying an additional 843 shares in the last quarter. PNC Financial Services Group Inc. increased its position in James River Group by 38.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 972 shares of the insurance provider’s stock worth $35,000 after buying an additional 271 shares in the last quarter. Quantamental Technologies LLC purchased a new position in James River Group during the fourth quarter worth $89,000. Finally, Hsbc Holdings PLC increased its position in James River Group by 11.7% during the fourth quarter. Hsbc Holdings PLC now owns 5,724 shares of the insurance provider’s stock worth $209,000 after buying an additional 600 shares in the last quarter. 97.86% of the stock is owned by 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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