Insider Buying: James River Group Holdings, Ltd. (NASDAQ:JRVR) Insider Purchases 17,000 Shares of Stock

James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) insider Todd Randell Sutherland bought 17,000 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was acquired at an average price of $5.87 per share, for a total transaction of $99,790.00. Following the purchase, the insider now directly owns 24,457 shares in the company, valued at approximately $143,562.59. The trade was a 227.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

James River Group Stock Performance

James River Group stock traded up $0.07 during midday trading on Friday, reaching $5.93. The stock had a trading volume of 677,321 shares, compared to its average volume of 318,677. The firm has a market capitalization of $272.15 million, a PE ratio of -1.46 and a beta of 0.08. James River Group Holdings, Ltd. has a 12 month low of $3.00 and a 12 month high of $8.99. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38. The firm's 50-day moving average price is $4.82 and its 200 day moving average price is $4.66.

James River Group (NASDAQ:JRVR - Get Free Report) last posted its quarterly 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 business had revenue of $172.29 million during the quarter, compared to the consensus estimate of $184.15 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. As a group, research analysts predict that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current fiscal year.

James River Group Announces Dividend

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

Institutional Investors Weigh In On James River Group

Institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG bought a new stake in shares of James River Group during the 1st quarter valued at $25,000. Aquatic Capital Management LLC purchased a new position in James River Group during the 4th quarter valued at about $41,000. ProShare Advisors LLC purchased a new position in James River Group during the 4th quarter valued at about $51,000. Simplicity Wealth LLC bought a new stake in shares of James River Group during the first quarter valued at about $51,000. Finally, Sowell Financial Services LLC purchased a new stake in shares of James River Group in the first quarter worth about $55,000. Hedge funds and other institutional investors own 95.21% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on JRVR shares. Citigroup restated a "hold" rating on shares of James River Group in a research note on Tuesday, March 11th. JMP Securities restated a "market outperform" rating and set a $8.00 price objective on shares of James River Group in a report on Tuesday, May 6th. Truist Financial dropped their target price on shares of James River Group from $6.00 to $5.00 and set a "hold" rating on the stock in a research note on Tuesday, March 11th. Wall Street Zen upgraded shares of James River Group from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Compass Point lowered their price target on shares of James River Group from $7.75 to $6.25 and set a "buy" rating on the stock in a report on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $6.06.

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.