Brokerages Set James River Group Holdings, Ltd. (NASDAQ:JRVR) PT at $6.06

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $6.06.

A number of analysts recently commented on the company. Truist Financial dropped their price target on James River Group from $6.00 to $5.00 and set a "hold" rating on the stock in a report on Tuesday, March 11th. Compass Point dropped their price target on James River Group from $7.75 to $6.25 and set a "buy" rating on the stock in a report on Monday, March 10th. Citigroup reiterated a "hold" rating on shares of James River Group in a report on Tuesday, March 11th. Keefe, Bruyette & Woods dropped their price target on James River Group from $6.00 to $5.00 and set a "market perform" rating on the stock in a report on Thursday, March 13th. Finally, Wall Street Zen lowered James River Group from a "hold" rating to a "sell" rating in a report on Saturday, May 24th.

Insider Buying and Selling at James River Group

In related news, Director Christine Lasala acquired 29,125 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were bought at an average cost of $5.23 per share, for a total transaction of $152,323.75. Following the purchase, the director now owns 60,758 shares in the company, valued at $317,764.34. This trade represents a 92.07% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter B. Migliorato acquired 18,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were bought at an average price of $5.46 per share, for a total transaction of $101,010.00. Following the completion of the purchase, the director now owns 39,201 shares in the company, valued at $214,037.46. This trade represents a 89.37% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 16.50% of the company's stock.

Institutional Trading of James River Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Gallatin Point Capital LLC purchased a new position in James River Group during the fourth quarter worth about $28,535,000. T. Rowe Price Investment Management Inc. grew its position in James River Group by 2.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,739,840 shares of the insurance provider's stock worth $18,214,000 after buying an additional 83,839 shares in the last quarter. Zimmer Partners LP grew its position in James River Group by 684.4% during the first quarter. Zimmer Partners LP now owns 2,162,484 shares of the insurance provider's stock worth $9,082,000 after buying an additional 1,886,781 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in James River Group by 0.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,057,300 shares of the insurance provider's stock worth $8,641,000 after buying an additional 11,001 shares in the last quarter. Finally, RBF Capital LLC grew its position in James River Group by 3.7% during the fourth quarter. RBF Capital LLC now owns 1,113,149 shares of the insurance provider's stock worth $5,421,000 after buying an additional 39,321 shares in the last quarter. 95.21% of the stock is currently owned by institutional investors.

James River Group Stock Down 2.5%

Shares of NASDAQ:JRVR traded down $0.15 during mid-day trading on Tuesday, hitting $5.93. 224,756 shares of the company traded hands, compared to its average volume of 319,805. The stock has a market cap of $272.15 million, a P/E ratio of -1.46 and a beta of 0.02. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. James River Group has a 12-month low of $3.00 and a 12-month high of $8.99. The stock has a 50-day moving average price of $4.66 and a two-hundred day moving average price of $4.62.

James River Group (NASDAQ:JRVR - Get Free Report) last announced its earnings results on Monday, May 5th. The insurance provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). The company had revenue of $172.29 million for the quarter, compared to analysts' expectations of $184.15 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. On average, equities research analysts forecast that James River Group will post -0.35 earnings per share for the current year.

James River Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.04 annualized dividend and a dividend yield of 0.67%. James River Group's payout ratio is presently -1.29%.

About James River Group

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.