James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives Consensus Recommendation of "Hold" from 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 recommendation of "Hold" from the five brokerages that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $6.0625.

Several brokerages have commented on JRVR. Wall Street Zen upgraded shares of James River Group from a "sell" rating to a "hold" rating in a report on Friday, June 6th. JMP Securities reaffirmed a "market outperform" rating and issued a $8.00 target price on shares of James River Group in a research report on Tuesday, May 6th.

James River Group Stock Down 1.8%

JRVR stock traded down $0.11 during mid-day trading on Friday, reaching $5.89. 99,827 shares of the company traded hands, compared to its average volume of 265,857. James River Group has a fifty-two week low of $3.00 and a fifty-two week high of $7.80. The firm's 50 day moving average price is $5.72 and its 200 day moving average price is $5.00. The stock has a market cap of $270.47 million, a price-to-earnings ratio of -1.86 and a beta of 0.06. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.46.

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

James River Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th. James River Group's dividend payout ratio (DPR) is presently -1.27%.

Insider Buying and Selling at James River Group

In related news, Director Christine Lasala purchased 29,125 shares of the company's stock in a transaction on Monday, May 19th. The stock was acquired at an average cost of $5.23 per share, for a total transaction of $152,323.75. Following the completion of the transaction, the director directly owned 60,758 shares in the company, valued at approximately $317,764.34. The trade was a 92.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Peter B. Migliorato acquired 18,500 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was acquired at an average price of $5.46 per share, with a total value of $101,010.00. Following the acquisition, the director directly owned 39,201 shares of the company's stock, valued at approximately $214,037.46. This represents a 89.37% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 64,625 shares of company stock valued at $353,124 over the last ninety days. Corporate insiders own 16.50% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its stake in shares of James River Group by 13.0% during the 1st quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider's stock worth $106,000 after purchasing an additional 2,918 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in James River Group by 22.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,028 shares of the insurance provider's stock valued at $102,000 after acquiring an additional 3,839 shares in the last quarter. Deutsche Bank AG acquired a new stake in James River Group in the first quarter valued at approximately $25,000. Bank of New York Mellon Corp grew its position in shares of James River Group by 6.7% during the first quarter. Bank of New York Mellon Corp now owns 98,867 shares of the insurance provider's stock worth $415,000 after buying an additional 6,206 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of James River Group by 52.9% during the fourth quarter. Wells Fargo & Company MN now owns 22,026 shares of the insurance provider's stock worth $107,000 after buying an additional 7,625 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company's stock.

James River Group Company Profile

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.