James River Group Holdings, Ltd. (NASDAQ:JRVR) Given Average Rating of “Hold” by Brokerages

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $6.06.

A number of research firms recently issued reports on JRVR. Truist Financial decreased their price target on shares of James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Tuesday, March 11th. JMP Securities reaffirmed a “market outperform” rating and set a $8.00 price target on shares of James River Group in a research note on Tuesday, May 6th. Compass Point cut their price target on shares of James River Group from $7.75 to $6.25 and set a “buy” rating on the stock in a report on Monday, March 10th. Citigroup reissued a “hold” rating on shares of James River Group in a research report on Tuesday, March 11th. Finally, Wall Street Zen lowered James River Group from a “hold” rating to a “sell” rating in a research report on Saturday.

James River Group Trading Down 1.3%

JRVR stock opened at $5.44 on Tuesday. 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 1-year low of $3.00 and a 1-year high of $8.99. The business has a 50 day simple moving average of $4.51 and a two-hundred day simple moving average of $4.60. The company has a market capitalization of $249.66 million, a price-to-earnings ratio of -1.34 and a beta of 0.02.

James River Group (NASDAQ:JRVR) last issued its earnings results 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). 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 positive return on equity of 3.90% and a negative net margin of 20.84%. Research analysts anticipate that James River Group will post -0.35 EPS for the current fiscal year.

James River Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 9th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Monday, June 9th. James River Group’s dividend payout ratio (DPR) is presently -1.29%.

Insiders Place Their Bets

In other news, Director Peter B. Migliorato purchased 18,500 shares of the firm’s stock in a transaction on Tuesday, May 20th. The stock was acquired at an average cost of $5.46 per share, with a total value of $101,010.00. Following the completion of the transaction, the director now owns 39,201 shares in the company, valued at $214,037.46. This represents a 89.37% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christine Lasala bought 29,125 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average cost of $5.23 per share, with a total value of $152,323.75. Following the transaction, the director now directly owns 60,758 shares of the company’s stock, valued at $317,764.34. The trade was a 92.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 16.50% of the company’s stock.

Institutional Trading of James River Group

Institutional investors have recently made changes to their positions in the business. Deutsche Bank AG purchased a new position in James River Group in the 1st quarter worth $25,000. Aquatic Capital Management LLC purchased a new position in shares of James River Group during the fourth quarter worth $41,000. ProShare Advisors LLC acquired a new position in James River Group during the fourth quarter valued at $51,000. Simplicity Wealth LLC purchased a new stake in shares of James River Group in the first quarter worth about $51,000. Finally, Quantbot Technologies LP increased its holdings 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 purchasing an additional 2,498 shares in the last quarter. 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.