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

Key Points

• James River Group Holdings, Ltd. (NASDAQ:JRVR) has received an average rating of "Hold" from five ratings firms, with a 12-month target price set at $6.0625.
• The company reported $0.23 earnings per share, exceeding analysts' expectations of $0.22, while experiencing revenue of $152.61 million compared to a consensus estimate of $176.46 million.
• James River Group has declared a quarterly dividend of $0.01 per share, which will be paid to stockholders on September 30th, representing an annualized yield of 0.7%.

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) has earned an average rating of "Hold" from the five ratings firms that are presently covering the stock, 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 12-month target price among analysts that have issued ratings on the stock in the last year is $6.0625.

A number of equities research analysts have recently weighed in on JRVR shares. Wall Street Zen upgraded James River Group from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. JMP Securities reissued a "market outperform" rating and issued a $8.00 target price on shares of James River Group in a research note on Tuesday, May 6th.

James River Group Trading Down 2.6%

JRVR stock opened at $5.60 on Friday. The company has a market cap of $257.15 million, a P/E ratio of -1.77 and a beta of 0.06. James River Group has a twelve month low of $3.00 and a twelve month high of $7.80. The company has a quick ratio of 0.65, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $5.72 and a 200-day moving average of $4.98.

James River Group (NASDAQ:JRVR - Get Free Report) last released its earnings results on Monday, August 4th. The insurance provider reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. The company had revenue of $152.61 million during the quarter, compared to the consensus estimate of $176.46 million. James River Group had a negative return on equity of 1.97% and a negative net margin of 13.50%. As a group, equities research analysts expect that James River Group will post -0.35 EPS for the current year.

James River Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.7%. James River Group's payout ratio is -1.27%.

Insider Activity

In other James River Group news, Director Peter B. Migliorato purchased 18,500 shares of the stock in a transaction on Tuesday, May 20th. The stock was bought at an average cost of $5.46 per share, for a total transaction of $101,010.00. Following the completion of the acquisition, the director directly owned 39,201 shares of the company's stock, valued at $214,037.46. The trade was a 89.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christine Lasala purchased 29,125 shares of the stock in a transaction on Monday, May 19th. The stock was acquired at an average price of $5.23 per share, with a total value of $152,323.75. Following the completion of the acquisition, the director directly owned 60,758 shares of the company's stock, valued at approximately $317,764.34. This represents a 92.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 64,625 shares of company stock valued at $353,124 in the last quarter. Company insiders own 16.50% of the company's stock.

Institutional Investors Weigh In On James River Group

Large investors have recently modified their holdings of the business. Deutsche Bank AG bought a new stake in shares of James River Group in the first quarter worth about $25,000. Aquatic Capital Management LLC bought a new stake in shares of James River Group in the fourth quarter worth about $41,000. ProShare Advisors LLC bought a new stake in shares of James River Group in the fourth quarter worth about $51,000. Simplicity Wealth LLC bought a new stake in shares of James River Group in the first quarter worth about $51,000. Finally, Sowell Financial Services LLC acquired a new position in shares of James River Group during the first quarter worth about $55,000. 95.21% of the stock is currently owned by institutional investors.

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.

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