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

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) have received an average rating of "Hold" from the five brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $6.06.

JRVR has been the topic of several research reports. Wall Street Zen raised James River Group from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Compass Point cut 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 research note on Monday, March 10th. JMP Securities reissued a "market outperform" rating and issued a $8.00 price objective on shares of James River Group in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods dropped their price objective on shares of James River Group from $6.00 to $5.00 and set a "market perform" rating for the company in a report on Thursday, March 13th. Finally, Truist Financial reduced 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 report on Tuesday, March 11th.

James River Group Trading Up 3.5%

Shares of JRVR stock traded up $0.20 during trading hours on Friday, hitting $5.85. The company had a trading volume of 544,996 shares, compared to its average volume of 315,540. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $268.46 million, a PE ratio of -1.89 and a beta of 0.08. The company's fifty day moving average is $5.19 and its 200 day moving average is $4.76. James River Group has a fifty-two week low of $3.00 and a fifty-two week high of $8.99.

James River Group (NASDAQ:JRVR - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The insurance provider reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). James River Group had a negative return on equity of 2.12% and a negative net margin of 12.81%. The firm had revenue of $172.29 million for the quarter, compared to analyst estimates of $184.15 million. 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Monday, June 9th. James River Group's payout ratio is presently -1.29%.

Insider Transactions at James River Group

In other James River Group news, insider Todd Randell Sutherland acquired 17,000 shares of the stock in a transaction dated Monday, June 2nd. The stock was acquired at an average cost of $5.87 per share, with a total value of $99,790.00. Following the transaction, the insider now owns 24,457 shares in the company, valued at $143,562.59. The trade was a 227.97% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter B. Migliorato acquired 18,500 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was acquired at an average price of $5.46 per share, for a total transaction of $101,010.00. Following the acquisition, the director now owns 39,201 shares in the company, valued at approximately $214,037.46. The trade was a 89.37% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 64,625 shares of company stock valued at $353,124. 16.50% of the stock is currently owned by corporate insiders.

Institutional Trading of James River Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG acquired a new stake in shares of James River Group during the first quarter worth about $25,000. Aquatic Capital Management LLC purchased a new position in James River Group during the 4th quarter worth approximately $41,000. ProShare Advisors LLC acquired a new position in James River Group during the fourth quarter worth approximately $51,000. Simplicity Wealth LLC purchased a new stake in James River Group in the first quarter valued at approximately $51,000. Finally, Quantbot Technologies LP boosted its holdings in shares of James River Group by 24.8% in the fourth quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider's stock valued at $61,000 after acquiring an additional 2,498 shares during the period. 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.