Insider Trading Report: James River Group Holdings (JRVR)

Sundar Srinivasan, a director at James River Group Holdings (JRVR), recently added 12,500 shares. The buy increased the director’s stake by 217 percent, and came to a total price of $254,000.

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  • Other company insiders have also been buyers recently as well, with another director buying 4,150 shares, one picking up 2,000 shares, and the company President and CEO making a 12,450 share buy.

    Insiders were last buyers back in November, although at a smaller scale than the current cluster of buys. Over the past three years, there have been small amounts of both insider buys and sales, much smaller than the current purchases.

    Overall, insiders own about 3.1 percent of the company.

    The insurance and reinsurance company has seen shares slide 55 percent in the past year, as the company has reported several net losses, even as revenue has risen by 7 percent over the same time.

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  • Action to take: Shares are back to their lowest levels since 2014, around the time the company went public. The stock trades at 9 times forward earnings, and the dividend yield is about 1 percent to start from here. If earnings rebound, shares likely are due for a sizeable jump as well.

    Traders could fare well with the August $22.50 calls if the stock starts to rebound in the coming months. The option last had a bid/ask spread near $2.00, and is an at-the-money trade. A mid-to-high double-digit return is possible on a rebound in shares.


    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

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