ValuEngine downgraded shares of James River Group (NASDAQ:JRVR) from a buy rating to a hold rating in a report published on Wednesday morning.
JRVR has been the subject of several other reports. BidaskClub raised shares of James River Group from a hold rating to a buy rating in a research note on Wednesday, November 21st. Zacks Investment Research downgraded shares of James River Group from a buy rating to a hold rating in a research report on Wednesday, January 9th. B. Riley reissued a neutral rating on shares of James River Group in a research report on Friday, March 1st. Finally, Compass Point began coverage on shares of James River Group in a research report on Tuesday, January 15th. They set a buy rating and a $44.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $41.00.
JRVR opened at $39.74 on Wednesday. James River Group has a 1-year low of $34.08 and a 1-year high of $43.47. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 17.06 and a beta of 0.58.
James River Group (NASDAQ:JRVR) last posted its quarterly earnings results 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 company had revenue of $214.52 million during the quarter, compared to the consensus estimate of $214.20 million. On average, equities analysts predict that James River Group will post 2.53 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 11th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, March 8th. James River Group’s payout ratio is presently 51.50%.
In other news, insider Michael E. Crow sold 7,019 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were 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 available through this hyperlink. Insiders own 15.00% of the company’s stock.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of James River Group by 1.9% during the third quarter. Vanguard Group Inc. now owns 1,707,076 shares of the insurance provider’s stock worth $72,756,000 after acquiring an additional 31,445 shares in the last quarter. BlackRock Inc. boosted its holdings in James River Group by 1.4% during the third quarter. BlackRock Inc. now owns 4,213,604 shares of the insurance provider’s stock worth $179,583,000 after purchasing an additional 57,916 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in James River Group by 4.8% during the third quarter. Bank of New York Mellon Corp now owns 334,532 shares of the insurance provider’s stock worth $14,257,000 after purchasing an additional 15,380 shares during the last quarter. FMR LLC boosted its holdings in James River Group by 8.7% during the third quarter. FMR LLC now owns 626,765 shares of the insurance provider’s stock worth $26,712,000 after purchasing an additional 50,410 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in James River Group by 6.2% during the fourth quarter. Arizona State Retirement System now owns 46,127 shares of the insurance provider’s stock worth $1,685,000 after purchasing an additional 2,712 shares during the last quarter. 98.09% 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 property and liability insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.
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