James River Group (NASDAQ:JRVR) Share Price Crosses Above 50 Day Moving Average - Should You Sell?

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.66 and traded as high as $5.88. James River Group shares last traded at $5.85, with a volume of 177,531 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on JRVR shares. JMP Securities reissued a "market outperform" rating and set a $8.00 price target on shares of James River Group in a research report on Tuesday, May 6th. Wall Street Zen raised shares of James River Group from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $6.06.

James River Group Stock Up 0.5%

The firm has a 50 day simple moving average of $5.72 and a two-hundred day simple moving average of $4.92. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $263.43 million, a P/E ratio of -1.86 and a beta of 0.08.

James River Group (NASDAQ:JRVR - Get Free Report) last announced its earnings results 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. On average, equities research analysts expect that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current year.

James River Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 9th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.04 annualized dividend and a yield of 0.70%. James River Group's payout ratio is currently -1.29%.

Insider Activity at James River Group

In other news, Director Peter B. Migliorato acquired 18,500 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was bought at an average cost of $5.46 per share, for a total transaction of $101,010.00. Following the completion of the transaction, the director owned 39,201 shares of the company's stock, valued at $214,037.46. The trade was a 89.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christine Lasala bought 29,125 shares of the business's stock in a transaction on Monday, May 19th. The stock was purchased at an average cost of $5.23 per share, with a total value of $152,323.75. Following the purchase, the director owned 60,758 shares of the company's stock, valued at $317,764.34. This represents a 92.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 64,625 shares of company stock worth $353,124. 16.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of JRVR. Jane Street Group LLC boosted its holdings in shares of James River Group by 13.0% during the 1st quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider's stock valued at $106,000 after acquiring an additional 2,918 shares during the last quarter. Zimmer Partners LP grew its holdings in James River Group by 684.4% during the first quarter. Zimmer Partners LP now owns 2,162,484 shares of the insurance provider's stock valued at $9,082,000 after purchasing an additional 1,886,781 shares during the period. Interval Partners LP purchased a new stake in James River Group in the 1st quarter worth approximately $275,000. Fuller & Thaler Asset Management Inc. lifted its holdings in James River Group by 0.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,057,300 shares of the insurance provider's stock valued at $8,641,000 after purchasing an additional 11,001 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of James River Group during the 1st quarter valued at $455,000. 95.21% of the stock is owned by hedge funds and other 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.