James River Group’s director Peter Migliorato buys shares worth $101,076

In a recent financial move, Peter B. Migliorato, a director at James River Group Holdings, Ltd. (NASDAQ:JRVR), has acquired 18,500 common shares of the company. The transaction, which took place on May 20, 2025, was conducted at a weighted average price of $5.4636 per share, resulting in a total purchase value of approximately $101,076. Following this acquisition, Migliorato now holds 39,201 shares directly in the company. The timing of this purchase coincides with the stock’s strong performance, showing a ~13% gain over the past week. According to InvestingPro analysis, the stock is currently trading below its Fair Value, with analyst targets ranging from $5 to $8.

The shares were purchased in multiple transactions, with prices ranging from $5.38 to $5.51. Migliorato has committed to providing detailed information about the number of shares bought at each price upon request. This purchase reflects Migliorato’s ongoing investment in James River Group Holdings, a Bermuda-based insurance holding company. InvestingPro data reveals 13 additional key insights about JRVR’s financial health and market position, available in the comprehensive Pro Research Report, which provides deep-dive analysis of over 1,400 US stocks.

In other recent news, James River Group Holdings reported first-quarter operating earnings per share of $0.19, falling short of both JMP Securities’ forecast of $0.32 and the consensus estimate of $0.27. Despite this, the accident year loss ratio was better than expected at 65%, although the expense ratio and net investment income did not meet projections. Meanwhile, Keefe, Bruyette & Woods adjusted their price target for James River stock to $5.00 from $6.00, maintaining a Market Perform rating, citing anticipated slowdowns in premium growth and rising expense ratios. In leadership news, Todd Sutherland was appointed President of the Excess and Surplus Lines segment, succeeding Richard Schmitzer, who will retire later this year. James River also disclosed a minor $483,625 adjustment to a previous transaction’s closing purchase price after a resolved dispute. Additionally, shareholders have raised concerns over management bonuses, questioning the decision amid a significant decline in share price and book value. These developments come as the company continues to navigate financial and operational challenges.

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