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

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

A number of other research analysts also recently weighed in on JRVR. Keefe, Bruyette & Woods cut their price target on 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. Citigroup reissued a "hold" rating on shares of James River Group in a research note on Tuesday, March 11th. Compass Point dropped their price target on 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 restated a "market outperform" rating and issued a $8.00 price objective on shares of James River Group in a report on Tuesday, May 6th. Finally, Truist Financial reduced their price target on James River Group from $6.00 to $5.00 and set a "hold" rating for the company in a report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $6.06.

James River Group Price Performance

NASDAQ JRVR traded down $0.19 during trading hours on Friday, reaching $6.00. 46,295 shares of the company's stock were exchanged, compared to its average volume of 325,008. The stock has a market cap of $275.13 million, a PE ratio of -1.48 and a beta of 0.02. James River Group has a one year low of $3.00 and a one year high of $8.99. The firm has a fifty day moving average of $4.58 and a 200-day moving average of $4.61. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38.

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). The business had revenue of $172.29 million for the quarter, compared to the consensus estimate of $184.15 million. James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. On average, equities research analysts predict that James River Group will post -0.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other James River Group news, Director Christine Lasala bought 29,125 shares of the firm's stock in a transaction on Monday, May 19th. The shares were purchased at an average price of $5.23 per share, for a total transaction of $152,323.75. Following the completion of the transaction, the director now directly owns 60,758 shares in the company, valued at approximately $317,764.34. The trade was a 92.07% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Peter B. Migliorato purchased 18,500 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was purchased at an average price of $5.46 per share, with a total value of $101,010.00. Following the completion of the purchase, the director now directly owns 39,201 shares in the company, valued at $214,037.46. The trade was a 89.37% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 16.50% of the company's stock.

Institutional Trading of James River Group

Several hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake in James River Group by 41.6% during the 4th quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider's stock valued at $76,000 after purchasing an additional 4,586 shares during the last quarter. 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 purchasing an additional 18,170 shares during the period. Empowered Funds LLC raised its holdings in shares of James River Group by 4.9% in the 4th quarter. Empowered Funds LLC now owns 118,194 shares of the insurance provider's stock worth $576,000 after purchasing an additional 5,553 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of James River Group by 14.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 617,071 shares of the insurance provider's stock worth $3,005,000 after purchasing an additional 76,605 shares during the period. Finally, Boston Partners bought a new stake in shares of James River Group in the 4th quarter worth approximately $2,578,000. 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.