James River Group (NASDAQ:JRVR) Reaches New 52-Week Low at $20.15

James River Group Holdings, Ltd. (NASDAQ:JRVR – Get Rating) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $20.15 and last traded at $20.44, with a volume of 648364 shares changing hands. The stock had previously closed at $21.69.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JRVR. Barclays boosted their price target on James River Group from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 1st. StockNews.com assumed coverage on James River Group in a research note on Thursday. They issued a “hold” rating on the stock.

James River Group Price Performance

The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $22.37 and a two-hundred day moving average price of $22.83. The company has a market capitalization of $766.91 million, a price-to-earnings ratio of 34.64 and a beta of 0.39.

James River Group (NASDAQ:JRVR – Get Rating) last issued its earnings results on Monday, February 27th. The insurance provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. James River Group had a return on equity of 12.58% and a net margin of 3.16%. The company had revenue of $225.71 million for the quarter, compared to analyst estimates of $212.47 million. During the same period in the prior year, the firm earned ($1.81) earnings per share. James River Group’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, research analysts anticipate that James River Group Holdings, Ltd. will post 2.15 EPS for the current year.

James River Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Monday, March 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, March 10th. James River Group’s payout ratio is 33.90%.

Institutional Investors Weigh In On James River Group

Several institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its holdings in James River Group by 4.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,924 shares of the insurance provider’s stock worth $291,000 after buying an additional 548 shares in the last quarter. Texas Permanent School Fund grew its holdings in James River Group by 2.4% during the second quarter. Texas Permanent School Fund now owns 27,068 shares of the insurance provider’s stock worth $671,000 after buying an additional 630 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in James River Group by 17.0% during the second quarter. Mutual of America Capital Management LLC now owns 6,289 shares of the insurance provider’s stock worth $156,000 after buying an additional 915 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in James River Group during the second quarter worth $25,000. Finally, Yousif Capital Management LLC grew its holdings in James River Group by 3.0% during the first quarter. Yousif Capital Management LLC now owns 34,965 shares of the insurance provider’s stock worth $865,000 after buying an additional 1,027 shares in the last quarter. Institutional investors own 99.69% of the company’s stock.

James River Group Company Profile

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James River Group Holdings Ltd. engages in the ownership and operation of a group of specialty insurance and reinsurance companies. It operates through the following segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. The Excess and Surplus Lines segment offers E&S commercial lines liability and property insurance products.