James River Group Holdings, Ltd. (NASDAQ:JRVR) Receives $6.06 Consensus PT from Brokerages

James River Group Holdings, Ltd. (NASDAQ:JRVR) has been given a consensus rating of “Hold” by the five analysts that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $6.0625.

A number of analysts recently commented on the company. Wall Street Zen raised James River Group from a “sell” rating to a “hold” rating in a research report on Friday, June 6th. JMP Securities reaffirmed a “market outperform” rating and set a $8.00 target price on shares of James River Group in a research report on Tuesday, May 6th.

Insider Buying and Selling at James River Group

In other James River Group news, Director Peter B. Migliorato bought 18,500 shares of the business’s stock in a transaction on Tuesday, May 20th. The stock was purchased 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Christine Lasala purchased 29,125 shares of the stock in a transaction dated Monday, May 19th. The stock was acquired at an average cost of $5.23 per share, for a total transaction of $152,323.75. Following the transaction, the director owned 60,758 shares of the company’s stock, valued at approximately $317,764.34. This trade represents a 92.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 64,625 shares of company stock worth $353,124 over the last ninety days. 16.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of JRVR. Raymond James Financial Inc. purchased a new position in James River Group during the 4th quarter valued at about $84,000. JPMorgan Chase & Co. boosted its position in shares of James River Group by 29.6% in the fourth quarter. JPMorgan Chase & Co. now owns 253,680 shares of the insurance provider’s stock valued at $1,235,000 after acquiring an additional 57,889 shares during the period. Geode Capital Management LLC grew its stake in James River Group by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 860,139 shares of the insurance provider’s stock valued at $4,190,000 after acquiring an additional 59,763 shares in the last quarter. Wells Fargo & Company MN increased its holdings in James River Group by 52.9% during the 4th quarter. Wells Fargo & Company MN now owns 22,026 shares of the insurance provider’s stock worth $107,000 after acquiring an additional 7,625 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in James River Group by 8.1% in the 4th quarter. Renaissance Technologies LLC now owns 241,170 shares of the insurance provider’s stock worth $1,174,000 after purchasing an additional 18,170 shares in the last quarter. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

James River Group Stock Performance

NASDAQ JRVR opened at $5.75 on Friday. The company has a fifty day moving average price of $5.72 and a 200-day moving average price of $4.99. The firm has a market cap of $264.04 million, a price-to-earnings ratio of -1.82 and a beta of 0.06. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.63. James River Group has a 1 year low of $3.00 and a 1 year high of $7.80.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings data on Monday, August 4th. The insurance provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. James River Group had a negative net margin of 13.50% and a negative return on equity of 1.97%. The firm had revenue of $152.61 million during the quarter, compared to analyst estimates of $176.46 million. As a group, equities research analysts predict that James River Group will post -0.35 EPS for the current fiscal year.

James River Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.01 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.7%. James River Group’s payout ratio is presently -1.27%.

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.