James River Group Holdings Ltd (NASDAQ: JRVR) stock jumped 4.35% on Friday to $8.87 against a previous-day closing price of $8.50. With 0.64 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.28 million shares. During the session, the Insurance – Specialty company that operates in wider Financial sector, reached to the highest price of $8.90 whereas the lowest price it dropped to was $8.48. The 52-week range on JRVR shows that it touched its highest point at $24.92 and its lowest point at $8.15 during that stretch. It currently has a 1-year price target of $13.10. With its current market cap of 333.87 million, JRVR has annualized dividend of $0.20 while the current yield stands at 2.25%. Beta for the stock currently stands at 0.21.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JRVR was down-trending over the past week, with a drop of -3.90%, but this was down by -38.62% over a month. Three-month performance dropped to -40.75% while six-month performance fell -58.65%. The stock lost -63.68% in the past year, while it has lost -57.58% so far this year. A look at the trailing 12-month EPS for JRVR yields 1.52 with Next year EPS estimates of 1.96. For the next quarter, that number is 0.49. This implies an EPS growth rate of 174.84% for this year and -3.00% for next year. EPS is expected to grow by 6.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -16.33%.
Float and Shares Shorts:
At present, 37.47 million JRVR shares are outstanding with a float of 36.36 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.39 million, which was 1.03% higher than short shares on Sep 28, 2023. In addition to Mr. Frank N. D’Orazio as the firm’s CEO & Director, Ms. Sarah Casey Doran serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 98.84% of JRVR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 60.89% of JRVR, in contrast to 34.41% held by mutual funds. Shares owned by individuals account for 21.34%. As the largest shareholder in JRVR with 13.57% of the stake, BlackRock Fund Advisors holds 5,105,488 shares worth 5,105,488. A second-largest stockholder of JRVR, T. Rowe Price Investment Manageme, holds 3,656,491 shares, controlling over 9.72% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in JRVR, holding 2,363,145 shares or 6.28% stake. With a 6.70% stake in JRVR, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 2,522,021 shares are owned by the mutual fund manager. The T Rowe Price Small Cap Value Fund, which owns about 6.05% of JRVR stock, is the second-largest Mutual Fund holder. It holds 2,275,010 shares valued at 31.28 million. Undiscovered Managers Behavioral holds 4.37% of the stake in JRVR, owning 1,645,154 shares worth 22.62 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JRVR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With JRVR analysts setting a high price target of $15.00 and a low target of $9.50, the average target price over the next 12 months is $13.10. Based on these targets, JRVR could surge 69.11% to reach the target high and rise by 7.1% to reach the target low. Reaching the average price target will result in a growth of 47.69% from current levels.
Dividends & Yield:
In terms of dividends, JRVR has a current ratio of $0.2, which is $0.2 over the trailing 12-months, while a dividend of $0.94 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and JRVR currently yields $2.25. In the past year, JRVR’s dividend yield has been $2.25, but when looking at the stock over the past five years, its yield has been $2.66. Accordingly, JRVR has a current buyback yield of $0.27. This was $0.27 for the TTM, and it was $0.25 for the past five years.
Summary of Insider Activity:
Insiders traded JRVR stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 3,825 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 22 over the past year. The total number of shares bought during that period was 96,579 while 31,919 shares were sold.
