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

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) have received an average recommendation of "Hold" from the five brokerages that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $6.06.

Several research analysts have weighed in on JRVR shares. Wall Street Zen raised 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 set a $8.00 target price on shares of James River Group in a report on Tuesday, May 6th.

James River Group Trading Down 0.9%

JRVR traded down $0.05 during trading on Wednesday, reaching $5.61. 133,353 shares of the company's stock were exchanged, compared to its average volume of 299,477. James River Group has a fifty-two week low of $3.00 and a fifty-two week high of $8.99. The firm has a market capitalization of $257.44 million, a PE ratio of -1.82 and a beta of 0.08. 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's fifty day moving average price is $5.62 and its 200-day moving average price is $4.88.

James River Group (NASDAQ:JRVR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The insurance provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05). James River Group had a negative net margin of 12.81% and a negative return on equity of 2.12%. The company had revenue of $172.29 million during the quarter, compared to the consensus estimate of $184.15 million. As a group, equities analysts forecast that James River Group will post -0.35 EPS for the current year.

James River Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 9th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.71%. James River Group's dividend payout ratio (DPR) is presently -1.29%.

Insider Transactions at James River Group

In related news, Director Peter B. Migliorato purchased 18,500 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was purchased at an average cost of $5.46 per share, with a total value of $101,010.00. Following the completion of the purchase, the director owned 39,201 shares in the company, valued at approximately $214,037.46. This trade represents a 89.37% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Todd Randell Sutherland purchased 17,000 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was bought at an average cost of $5.87 per share, with a total value of $99,790.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 64,625 shares of company stock worth $353,124. Company insiders own 16.50% of the company's stock.

Institutional Investors Weigh In On James River Group

Several hedge funds and other institutional investors have recently made changes to their positions in JRVR. Deutsche Bank AG purchased a new position in 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 fourth quarter worth about $41,000. ProShare Advisors LLC purchased a new stake in shares of James River Group during the 4th quarter worth approximately $51,000. Simplicity Wealth LLC purchased a new stake in shares of James River Group during the 1st quarter worth approximately $51,000. Finally, Quantbot Technologies LP raised its holdings in shares of James River Group by 24.8% in the 4th quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider's stock worth $61,000 after purchasing an additional 2,498 shares during the period. 95.21% of the stock is owned by institutional investors.

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.