James River Group (NASDAQ:JRVR) Rating Lowered to "Sell" at Wall Street Zen

James River Group (NASDAQ:JRVR - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Other equities research analysts have also issued research reports about the stock. Citigroup restated a "hold" rating on shares of James River Group in a report on Tuesday, March 11th. Keefe, Bruyette & Woods cut their target price on shares of James River Group from $6.00 to $5.00 and set a "market perform" rating on the stock in a research note on Thursday, March 13th. Compass Point reduced their target price on James River Group from $7.75 to $6.25 and set a "buy" rating for the company in a report on Monday, March 10th. Truist Financial lowered their price target on James River Group from $6.00 to $5.00 and set a "hold" rating on the stock in a report on Tuesday, March 11th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, James River Group presently has a consensus rating of "Hold" and an average target price of $6.06.

James River Group Trading Up 6.8%

Shares of James River Group stock traded up $0.39 on Friday, reaching $6.05. 435,487 shares of the company were exchanged, compared to its average volume of 324,824. 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 $277.42 million, a price-to-earnings ratio of -1.49 and a beta of 0.02. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average price of $4.54 and a 200-day moving average price of $4.60.

James River Group (NASDAQ:JRVR - Get Free Report) last issued its quarterly earnings results 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). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The company had revenue of $172.29 million during the quarter, compared to analysts' expectations of $184.15 million. On average, analysts expect that James River Group will post -0.35 EPS for the current year.

Insider Activity

In other James River Group news, Director Christine Lasala acquired 29,125 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was purchased at an average cost of $5.23 per share, for a total transaction of $152,323.75. Following the completion of the acquisition, the director now owns 60,758 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Also, Director Peter B. Migliorato purchased 18,500 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were bought at an average price of $5.46 per share, with a total value of $101,010.00. Following the purchase, the director now owns 39,201 shares in the company, valued at $214,037.46. This represents a 89.37% increase in their position. The disclosure for this purchase can be found here. 16.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On James River Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers boosted its stake in James River Group by 4.1% during the fourth quarter. Rhumbline Advisers now owns 55,967 shares of the insurance provider's stock worth $273,000 after buying an additional 2,179 shares in the last quarter. Quantbot Technologies LP increased its stake in 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. Jane Street Group LLC raised its position in James River Group by 13.0% in the first quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider's stock worth $106,000 after purchasing an additional 2,918 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in James River Group by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 195,791 shares of the insurance provider's stock valued at $1,228,000 after purchasing an additional 3,433 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of James River Group by 22.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,028 shares of the insurance provider's stock worth $102,000 after buying an additional 3,839 shares in the last quarter. Institutional investors own 95.21% of the company's stock.

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.