James River Group Holdings, Ltd. (NASDAQ:JRVR) Given Average Rating of "Hold" by Brokerages

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) has been given a consensus recommendation of "Hold" by the seven research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $6.40.Get James River Group alerts:Don't Overlook Hidden Gem Kinsale As Rallies To New HighsSeveral equities analysts recently weighed in on JRVR shares. Compass Point lowered shares of James River Group from a "buy" rating to a "neutral" rating and set a $7.00 target price on the stock. in a report on Tuesday. Weiss Ratings reiterated a "sell (d-)" rating on shares of James River Group in a research report on Monday. Raymond James Financial set a $7.00 price objective on James River Group in a research report on Tuesday. Wall Street Zen downgraded James River Group from a "buy" rating to a "hold" rating in a report on Saturday, December 6th. Finally, Zacks Research upgraded shares of James River Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 4th.Read Our Latest Analysis on JRVRJames River Group Stock PerformanceJames River Group Stock is Worth Taking a Closer LookShares of NASDAQ JRVR traded up $0.03 during trading on Wednesday, reaching $6.64. 34,514 shares of the company traded hands, compared to its average volume of 256,337. James River Group has a 12-month low of $3.00 and a 12-month high of $6.89. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.45. The stock has a market cap of $305.01 million, a P/E ratio of -3.20 and a beta of 0.01. The firm's fifty day simple moving average is $5.65 and its 200 day simple moving average is $5.65. James River Group (NASDAQ:JRVR - Get Free Report) last posted its quarterly earnings results on Monday, November 3rd. The insurance provider reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.06. James River Group had a negative net margin of 7.64% and a positive return on equity of 7.11%. The firm had revenue of $172.74 million for the quarter, compared to analyst estimates of $179.21 million. As a group, research analysts anticipate that James River Group will post -0.35 earnings per share for the current fiscal year. James River Group Dividend AnnouncementThe company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, December 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.6%. James River Group's payout ratio is currently -1.92%. Hedge Funds Weigh In On James River GroupSeveral large investors have recently modified their holdings of the business. Cantor Fitzgerald L. P. increased its holdings in shares of James River Group by 37.5% in the third quarter. Cantor Fitzgerald L. P. now owns 434,657 shares of the insurance provider's stock worth $2,412,000 after buying an additional 118,657 shares during the period. PharVision Advisers LLC purchased a new stake in James River Group in the 3rd quarter worth approximately $59,000. Zimmer Partners LP increased its holdings in James River Group by 53.8% in the 3rd quarter. Zimmer Partners LP now owns 4,591,638 shares of the insurance provider's stock valued at $25,484,000 after acquiring an additional 1,605,828 shares during the last quarter. Brooklyn Investment Group increased its stake in James River Group by 1,340.7% during the third quarter. Brooklyn Investment Group now owns 39,231 shares of the insurance provider's stock worth $218,000 after acquiring an additional 36,508 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in James River Group by 30.2% during the 3rd quarter. Two Sigma Investments LP now owns 275,753 shares of the insurance provider's stock valued at $1,530,000 after acquiring an additional 63,914 shares during the period. Hedge funds and other institutional investors own 95.21% of the company's stock. James River Group Company Profile (Get Free Report)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.Read MoreFive stocks we like better than James River GroupHow to Invest in Insurance Companies: A Guide 3 Tech Stocks Down Over 60%—Which One Is Worth Buying?How to Effectively Use the MarketBeat Ratings Screener25 Years Later, Cisco Finally Recovers From the Dot-Com Crash2 Rising CRM Platform Stocks That Can Surge Higher in 2025 AI Chips Can’t Exist Without These 2 Underrated Tech GiantsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in James River Group Right Now?Before you consider James River Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and James River Group wasn't on the list.While James River Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here