By otakuyassine3@gmail.com 
Intech Investment Management LLC bought a new position in James River Group Holdings, Ltd. (NASDAQ:JRVR – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,006 shares of the insurance provider’s stock, valued at approximately $68,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Rhumbline Advisers grew its stake in James River Group by 4.1% in the 4th quarter. Rhumbline Advisers now owns 55,967 shares of the insurance provider’s stock valued at $273,000 after buying an additional 2,179 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of James River Group by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 195,791 shares of the insurance provider’s stock valued at $1,228,000 after purchasing an additional 3,433 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of James River Group by 41.6% during the 4th quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 4,586 shares during the period. Empowered Funds LLC lifted its holdings in James River Group by 4.9% during the 4th quarter. Empowered Funds LLC now owns 118,194 shares of the insurance provider’s stock worth $576,000 after purchasing an additional 5,553 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in James River Group by 7.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 150,000 shares of the insurance provider’s stock worth $730,000 after purchasing an additional 10,000 shares during the period. Institutional investors own 95.21% of the company’s stock.
Analyst Upgrades and Downgrades
JRVR has been the topic of a number of recent analyst reports. Truist Financial lowered their price target on shares of James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. JMP Securities lowered their target price on shares of James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a research note on Friday, December 20th. Citigroup restated a “hold” rating on shares of James River Group in a research report on Tuesday, March 11th. Compass Point lowered their price objective on James River Group from $7.75 to $6.25 and set a “buy” rating on the stock in a research report on Monday, March 10th. Finally, Keefe, Bruyette & Woods reduced their target price on James River Group from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, James River Group presently has an average rating of “Hold” and a consensus target price of $6.06.
Read Our Latest Report on JRVR
James River Group Stock Performance
James River Group stock opened at $4.25 on Friday. James River Group Holdings, Ltd. has a fifty-two week low of $3.00 and a fifty-two week high of $9.56. The firm’s fifty day moving average price is $4.51 and its 200-day moving average price is $5.18. The stock has a market cap of $193.99 million, a P/E ratio of -1.05 and a beta of 0.04. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.65 and a current ratio of 0.65.
James River Group (NASDAQ:JRVR – Get Free Report) last issued its quarterly earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.66). The firm had revenue of $126.71 million for the quarter, compared to the consensus estimate of $159.91 million. James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. During the same period last year, the firm earned $0.33 EPS. On average, equities research analysts expect that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current fiscal year.
James River Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Monday, March 10th. James River Group’s payout ratio is currently -1.38%.
James River Group Profile
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.
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