Brokerages Set James River Group Holdings, Ltd. (NASDAQ:JRVR) Price Target at $6.06

James River Group Holdings, Ltd. (NASDAQ:JRVR) has earned an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $6.06.

JRVR has been the topic of a number of analyst reports. JMP Securities reiterated a “market outperform” rating and set a $8.00 price objective on shares of James River Group in a research report on Tuesday, May 6th. Wall Street Zen upgraded James River Group from a “sell” rating to a “hold” rating in a research report on Friday, June 6th.

Insider Buying and Selling at James River Group

In other James River Group news, Director Peter B. Migliorato bought 18,500 shares of James River Group stock in a transaction on Tuesday, May 20th. The shares were bought at an average price of $5.46 per share, for a total transaction of $101,010.00. Following the completion of the transaction, the director directly owned 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 at this link. Also, insider Todd Randell Sutherland bought 17,000 shares of James River Group stock in a transaction on Monday, June 2nd. The stock was acquired at an average price of $5.87 per share, for a total transaction of $99,790.00. Following the transaction, the insider directly owned 24,457 shares of the company’s stock, valued at approximately $143,562.59. This trade represents a 227.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 64,625 shares of company stock worth $353,124 over the last quarter. 16.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On James River Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG purchased a new stake in shares of James River Group in the 1st quarter valued at $25,000. Aquatic Capital Management LLC purchased a new stake in shares of James River Group in the 4th quarter valued at $41,000. ProShare Advisors LLC purchased a new stake in shares of James River Group in the 4th quarter valued at $51,000. Simplicity Wealth LLC purchased a new stake in shares of James River Group in the 1st quarter valued at $51,000. Finally, Sowell Financial Services LLC purchased a new stake in shares of James River Group in the 1st quarter valued at $55,000. Hedge funds and other institutional investors own 95.21% of the company’s stock.

James River Group Stock Performance

NASDAQ JRVR opened at $5.61 on Wednesday. The company has a market cap of $257.44 million, a PE ratio of -1.82 and a beta of 0.08. The stock’s 50 day simple moving average is $5.62 and its 200-day simple moving average is $4.88. James River Group has a 1-year low of $3.00 and a 1-year high of $8.99. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.65 and a quick ratio of 0.65.

James River Group (NASDAQ:JRVR) last released its 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). James River Group had a negative net margin of 12.81% and a negative return on equity of 2.12%. The firm had revenue of $172.29 million during the quarter, compared to analysts’ expectations of $184.15 million. As a group, equities research analysts anticipate that James River Group will post -0.35 EPS for the current fiscal year.

James River Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 9th were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.71%. James River Group’s dividend payout ratio is currently -1.29%.

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.