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

James River Group (NASDAQ:JRVR - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Friday.

A number of other research firms have also recently weighed in on JRVR. Truist Financial dropped their price objective on shares of James River Group from $6.00 to $5.00 and set a "hold" rating on the stock in a report on Tuesday, March 11th. JMP Securities restated a "market outperform" rating and issued a $8.00 target price on shares of James River Group in a research report on Tuesday, May 6th. Compass Point lowered their target price on James River Group from $7.75 to $6.25 and set a "buy" rating on the stock in a research report on Monday, March 10th. Citigroup restated a "hold" rating on shares of James River Group in a research report on Tuesday, March 11th. Finally, Keefe, Bruyette & Woods lowered their target price on James River Group from $6.00 to $5.00 and set a "market perform" rating on the stock in a research report on Thursday, March 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, James River Group has an average rating of "Hold" and an average target price of $6.06.

James River Group Stock Performance

Shares of James River Group stock traded down $0.08 on Friday, reaching $5.85. 179,894 shares of the company were exchanged, compared to its average volume of 318,122. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.65 and a current ratio of 0.65. The company's 50-day moving average is $4.85 and its two-hundred day moving average is $4.67. The firm has a market cap of $268.47 million, a price-to-earnings ratio of -1.44 and a beta of 0.08. James River Group has a 1-year low of $3.00 and a 1-year high of $8.99.

James River Group (NASDAQ:JRVR - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $172.29 million during the quarter, compared to analyst estimates of $184.15 million. As a group, research analysts expect that James River Group will post -0.35 earnings per share for the current fiscal year.

Insider Buying and Selling at James River Group

In other James River Group news, Director Christine Lasala acquired 29,125 shares of the stock in a transaction dated Monday, May 19th. The shares were bought at an average price of $5.23 per share, with a total value of $152,323.75. Following the purchase, the director now directly 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 Securities & Exchange Commission, which is available through this link. Also, insider Todd Randell Sutherland acquired 17,000 shares of the stock in a transaction dated Monday, June 2nd. The stock was acquired at an average cost of $5.87 per share, for a total transaction of $99,790.00. Following the purchase, the insider now directly owns 24,457 shares in the company, valued at approximately $143,562.59. The trade was a 227.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 64,625 shares of company stock valued at $353,124. Company insiders own 16.50% of the company's stock.

Hedge Funds Weigh In On James River Group

Several hedge funds have recently made changes to their positions in the business. Jane Street Group LLC grew its holdings in shares of James River Group by 13.0% in the 1st quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider's stock worth $106,000 after acquiring an additional 2,918 shares during the last quarter. Zimmer Partners LP grew its holdings in shares of James River Group by 684.4% in the 1st quarter. Zimmer Partners LP now owns 2,162,484 shares of the insurance provider's stock worth $9,082,000 after acquiring an additional 1,886,781 shares during the last quarter. Interval Partners LP acquired a new position in shares of James River Group in the 1st quarter worth $275,000. Fuller & Thaler Asset Management Inc. grew its holdings in shares of James River Group by 0.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,057,300 shares of the insurance provider's stock worth $8,641,000 after acquiring an additional 11,001 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of James River Group in the 1st quarter worth $455,000. 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.