James River Group (NASDAQ:JRVR) Downgraded by Wall Street Zen to "Sell"

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 note issued to investors on Saturday.

Other analysts have also issued reports about the stock. Truist Financial reduced their price target on shares of James River Group from $6.00 to $5.00 and set a "hold" rating for the company in a research note on Tuesday, March 11th. Keefe, Bruyette & Woods reduced their price target on shares of James River Group from $6.00 to $5.00 and set a "market perform" rating for the company in a research note on Thursday, March 13th. Compass Point reduced their price target 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. Citigroup reaffirmed a "hold" rating on shares of James River Group in a research note on Tuesday, March 11th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $8.00 price target 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 issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $6.06.

James River Group Stock Performance

Shares of NASDAQ:JRVR traded up $0.22 during trading on Friday, reaching $5.66. 215,924 shares of the company's stock traded hands, compared to its average volume of 324,243. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. James River Group has a 12 month low of $3.00 and a 12 month high of $8.99. The company has a 50 day moving average of $4.51 and a 200-day moving average of $4.60. The stock has a market capitalization of $259.75 million, a P/E ratio of -1.40 and a beta of 0.02.

James River Group (NASDAQ:JRVR - Get Free Report) last posted its 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 firm had revenue of $172.29 million for the quarter, compared to analyst estimates of $184.15 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. On average, equities analysts expect that James River Group will post -0.35 EPS for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On James River Group

Large investors have recently made changes to their positions in the company. Deutsche Bank AG acquired a new stake in shares of James River Group during the first quarter valued at approximately $25,000. Aquatic Capital Management LLC acquired a new stake in shares of James River Group during the fourth quarter valued at approximately $41,000. ProShare Advisors LLC acquired a new stake in shares of James River Group during the fourth quarter valued at approximately $51,000. Simplicity Wealth LLC acquired a new stake in shares of James River Group during the first quarter valued at approximately $51,000. Finally, Quantbot Technologies LP raised its holdings in shares of James River Group by 24.8% during 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. Institutional investors and hedge funds 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.