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

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) have been given an average recommendation of "Hold" by the five brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $6.06.

JRVR has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of James River Group from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Compass Point reduced their target price on shares of James River Group from $7.75 to $6.25 and set a "buy" rating for the company in a research note on Monday, March 10th. Truist Financial dropped their price target 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. Citigroup reissued a "hold" rating on shares of James River Group in a report on Tuesday, March 11th. Finally, Keefe, Bruyette & Woods reduced 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 research report on Thursday, March 13th.

Insider Transactions at James River Group

In other news, Director Christine Lasala acquired 29,125 shares of James River Group stock in a transaction that occurred on Monday, May 19th. The stock was purchased at an average cost of $5.23 per share, with a total value of $152,323.75. Following the completion of the acquisition, the director now owns 60,758 shares in the company, valued at $317,764.34. This trade represents a 92.07% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Todd Randell Sutherland bought 17,000 shares of the stock in a transaction on Monday, June 2nd. The stock was purchased at an average cost of $5.87 per share, for a total transaction of $99,790.00. Following the acquisition, the insider now directly owns 24,457 shares of the company's stock, valued at $143,562.59. The trade was a 227.97% 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 in the last ninety days. 16.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC grew its stake in James River Group by 8.1% in the 4th quarter. Renaissance Technologies LLC now owns 241,170 shares of the insurance provider's stock valued at $1,174,000 after acquiring an additional 18,170 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 purchasing an additional 3,839 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of James River Group by 14.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 617,071 shares of the insurance provider's stock valued at $3,005,000 after purchasing an additional 76,605 shares during the last quarter. Boston Partners purchased a new position in shares of James River Group during the 4th quarter worth approximately $2,578,000. Finally, Geode Capital Management LLC increased its stake in shares of James River Group by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 860,139 shares of the insurance provider's stock worth $4,190,000 after purchasing an additional 59,763 shares in the last quarter. Hedge funds and other institutional investors own 95.21% of the company's stock.

James River Group Stock Performance

Shares of JRVR traded down $0.09 during mid-day trading on Friday, hitting $5.77. 626,206 shares of the company's stock were exchanged, compared to its average volume of 315,196. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.47. James River Group has a fifty-two week low of $3.00 and a fifty-two week high of $8.99. The business's 50 day moving average is $5.17 and its two-hundred day moving average is $4.75. The firm has a market capitalization of $264.79 million, a P/E ratio of -1.87 and a beta of 0.08.

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 for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). The company had revenue of $172.29 million for the quarter, compared to analyst estimates of $184.15 million. James River Group had a negative return on equity of 2.12% and a negative net margin of 12.81%. On average, equities analysts expect that James River Group will post -0.35 earnings per share for the current 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 given a dividend of $0.01 per share. The ex-dividend date is Monday, June 9th. This represents a $0.04 annualized dividend and a dividend yield of 0.69%. James River Group's payout ratio is currently -1.29%.

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.