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

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) have earned a consensus recommendation of "Hold" from the five research firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $6.06.

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods decreased their price objective 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. Compass Point cut their price objective on James River Group from $7.75 to $6.25 and set a "buy" rating on the stock in a research report on Monday, March 10th. Citigroup reissued a "hold" rating on shares of James River Group in a research report on Tuesday, March 11th. Wall Street Zen lowered James River Group from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $8.00 price target on shares of James River Group in a research note on Tuesday, May 6th.

James River Group Price Performance

NASDAQ:JRVR traded down $0.10 during trading hours on Tuesday, reaching $6.08. 429,616 shares of the company traded hands, compared to its average volume of 326,454. The firm's 50-day moving average is $4.58 and its 200-day moving average is $4.61. The stock has a market cap of $279.03 million, a P/E ratio of -1.50 and a beta of 0.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. James River Group has a 1-year low of $3.00 and a 1-year high of $8.99.

James River Group (NASDAQ:JRVR - Get Free Report) last posted its quarterly earnings data 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). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The business had revenue of $172.29 million for the quarter, compared to analyst estimates of $184.15 million. Equities research analysts expect that James River Group will post -0.35 earnings per share for the current fiscal year.

James River Group Dividend Announcement

The business 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 is Monday, June 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.66%. James River Group's payout ratio is currently -1.29%.

Insider Buying and Selling at James River Group

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

Hedge Funds Weigh In On James River Group

A number of hedge funds and other institutional investors have recently bought and sold shares of JRVR. SG Americas Securities LLC boosted its position in shares of James River Group by 41.6% during the fourth quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider's stock worth $76,000 after buying an additional 4,586 shares during the period. Renaissance Technologies LLC boosted its position in shares of James River Group by 8.1% during the fourth quarter. Renaissance Technologies LLC now owns 241,170 shares of the insurance provider's stock worth $1,174,000 after buying an additional 18,170 shares during the period. Empowered Funds LLC boosted its position in shares of James River Group by 4.9% during the fourth quarter. Empowered Funds LLC now owns 118,194 shares of the insurance provider's stock worth $576,000 after buying an additional 5,553 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of James River Group by 14.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 617,071 shares of the insurance provider's stock worth $3,005,000 after buying an additional 76,605 shares during the period. Finally, Boston Partners acquired a new position in shares of James River Group during the fourth quarter worth approximately $2,578,000. 95.21% of the stock is currently owned by institutional investors and hedge funds.

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.