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

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) have been given an average recommendation of “Hold” by the five research firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $6.0625.

Several research analysts recently issued reports on JRVR shares. JMP Securities reissued a “market outperform” rating and set a $8.00 target price on shares of James River Group in a research note on Tuesday, May 6th. Wall Street Zen raised shares of James River Group from a “sell” rating to a “hold” rating in a research report on Friday, June 6th.

James River Group Trading Down 2.4%

NASDAQ JRVR opened at $5.72 on Friday. The stock has a market capitalization of $262.66 million, a P/E ratio of -1.81 and a beta of 0.06. The business has a 50 day simple moving average of $5.72 and a 200 day simple moving average of $5.01. 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 one year low of $3.00 and a one year high of $7.80.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings results on Monday, August 4th. The insurance provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $152.61 million for the quarter, compared to analysts’ expectations of $176.46 million. James River Group had a negative return on equity of 1.97% and a negative net margin of 13.50%. Research analysts expect that James River Group will post -0.35 earnings per share for the current year.

James River Group Announces Dividend

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

Insider Activity at James River Group

In other James River Group news, Director Christine Lasala purchased 29,125 shares of the firm’s stock in a transaction on Monday, May 19th. The stock was acquired at an average price of $5.23 per share, for a total transaction of $152,323.75. Following the purchase, the director owned 60,758 shares of the company’s stock, valued at $317,764.34. This trade represents a 92.07% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Todd Randell Sutherland acquired 17,000 shares of the stock in a transaction on Monday, June 2nd. The shares were acquired at an average price of $5.87 per share, for a total transaction of $99,790.00. Following the acquisition, the insider owned 24,457 shares of the company’s stock, valued at approximately $143,562.59. The trade was a 227.97% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 64,625 shares of company stock valued at $353,124. 16.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On James River Group

Several large investors have recently added to or reduced their stakes in JRVR. Deutsche Bank AG bought a new stake in James River Group during the 1st quarter worth approximately $25,000. Aquatic Capital Management LLC bought a new stake in James River Group during the fourth quarter worth $41,000. ProShare Advisors LLC purchased a new stake in James River Group in the 4th quarter valued at $51,000. Simplicity Wealth LLC bought a new position in James River Group during the 1st quarter valued at $51,000. Finally, Sowell Financial Services LLC bought a new position in James River Group during the 1st quarter valued at $55,000. Institutional investors 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.