James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives $6.06 Average PT from Analysts

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) have received a consensus recommendation of "Hold" from the five analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $6.06.

A number of analysts have recently issued reports on JRVR shares. Wall Street Zen raised shares of 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 price target on shares of James River Group in a research report on Tuesday, May 6th.

Insider Buying and Selling

In other news, insider Todd Randell Sutherland acquired 17,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were purchased at an average price of $5.87 per share, for a total transaction of $99,790.00. Following the completion of the acquisition, the insider owned 24,457 shares of the company's stock, valued at approximately $143,562.59. This represents a 227.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christine Lasala acquired 29,125 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was purchased at an average price of $5.23 per share, for a total transaction of $152,323.75. Following the acquisition, the director directly owned 60,758 shares of the company's stock, valued at $317,764.34. The trade was a 92.07% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 64,625 shares of company stock worth $353,124. Insiders own 16.50% of the company's stock.

Hedge Funds Weigh In On 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 position in James River Group during the first quarter valued at approximately $25,000. Aquatic Capital Management LLC acquired a new position in James River Group during the fourth quarter valued at approximately $41,000. ProShare Advisors LLC bought a new stake in shares of James River Group in the fourth quarter valued at approximately $51,000. Simplicity Wealth LLC bought a new stake in shares of James River Group in the first quarter valued at approximately $51,000. Finally, Sowell Financial Services LLC bought a new stake in shares of James River Group in the first quarter valued at approximately $55,000. Institutional investors and hedge funds own 95.21% of the company's stock.

James River Group Stock Down 0.3%

Shares of NASDAQ JRVR traded down $0.02 during mid-day trading on Wednesday, reaching $5.64. The company had a trading volume of 32,408 shares, compared to its average volume of 298,832. The stock has a fifty day moving average of $5.60 and a two-hundred day moving average of $4.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $259.00 million, a price-to-earnings ratio of -1.83 and a beta of 0.08. James River Group has a 12-month low of $3.00 and a 12-month high of $8.99.

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 analysts' consensus estimates of $0.24 by ($0.05). The company had revenue of $172.29 million during the quarter, compared to analysts' expectations of $184.15 million. James River Group had a negative return on equity of 2.12% and a negative net margin of 12.81%. As a group, equities research analysts expect that James River Group will post -0.35 EPS for the current year.

James River Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 9th were issued a $0.01 dividend. The ex-dividend date was Monday, June 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.71%. James River Group's dividend 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.