Wall Street Zen Upgrades James River Group (NASDAQ:JRVR) to "Hold"

James River Group (NASDAQ:JRVR - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday.

Several other research firms have also weighed in on JRVR. 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 report on Tuesday, March 11th. 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 report on Monday, March 10th. JMP Securities reissued a "market outperform" rating and issued a $8.00 price objective on shares of James River Group in a report on Tuesday, May 6th. Keefe, Bruyette & Woods decreased their price objective on James River Group from $6.00 to $5.00 and set a "market perform" rating for the company in a report on Thursday, March 13th. Finally, Citigroup reissued a "hold" rating on shares of James River Group in a report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $6.06.

James River Group Stock Performance

Shares of NASDAQ:JRVR traded up $0.07 during midday trading on Friday, reaching $5.93. The company had a trading volume of 677,321 shares, compared to its average volume of 318,677. The stock has a market cap of $272.15 million, a P/E ratio of -1.46 and a beta of 0.08. The company's 50 day moving average price is $4.82 and its 200 day moving average price is $4.66. 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 has a 52-week low of $3.00 and a 52-week high of $8.99.

James River Group (NASDAQ:JRVR - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The insurance provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.05). The company had revenue of $172.29 million for the quarter, compared to the consensus estimate of $184.15 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. As a group, sell-side analysts anticipate that James River Group will post -0.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other James River Group news, insider Todd Randell Sutherland acquired 17,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were bought at an average price of $5.87 per share, for a total transaction of $99,790.00. Following the completion of the transaction, the insider now owns 24,457 shares of the company's stock, valued at approximately $143,562.59. This represents a 227.97% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christine Lasala purchased 29,125 shares of the company's stock in a transaction dated Monday, May 19th. The shares were acquired at an average price of $5.23 per share, with a total value of $152,323.75. Following the transaction, the director now owns 60,758 shares in the company, valued at approximately $317,764.34. The trade was a 92.07% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 64,625 shares of company stock worth $353,124 in the last three months. 16.50% of the stock is currently owned by corporate insiders.

Institutional Trading of James River Group

A number of large investors have recently modified their holdings of the business. Rhumbline Advisers boosted its position in shares of James River Group by 4.1% during the 4th quarter. Rhumbline Advisers now owns 55,967 shares of the insurance provider's stock valued at $273,000 after acquiring an additional 2,179 shares during the last quarter. Quantbot Technologies LP boosted its position in shares of James River Group by 24.8% during the 4th 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 last quarter. Jane Street Group LLC boosted its position 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of James River Group by 22.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,028 shares of the insurance provider's stock valued at $102,000 after acquiring an additional 3,839 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in James River Group by 41.6% in the 4th quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider's stock worth $76,000 after buying an additional 4,586 shares during the last quarter. Institutional investors 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.