James River Group (NASDAQ:JRVR) Shares Down 3.6%

James River Group Holdings, Ltd. (NASDAQ:JRVRGet Rating) was down 3.6% on Friday . The company traded as low as $21.10 and last traded at $21.10. Approximately 5,736 shares changed hands during trading, a decline of 96% from the average daily volume of 142,055 shares. The stock had previously closed at $21.88.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Compass Point lowered James River Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $30.00 to $28.50 in a report on Wednesday, November 2nd. StockNews.com upgraded shares of James River Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 8th. Finally, Barclays lowered their target price on James River Group from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, October 14th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $29.90.

James River Group Price Performance

The firm has a market capitalization of $788.91 million, a P/E ratio of -13.25 and a beta of 0.40. The business has a 50-day moving average of $22.41 and a 200 day moving average of $23.17. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42.

James River Group (NASDAQ:JRVRGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The insurance provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $201.23 million during the quarter, compared to the consensus estimate of $203.00 million. James River Group had a negative return on equity of 2.76% and a negative net margin of 7.33%. On average, sell-side analysts predict that James River Group Holdings, Ltd. will post 1.8 earnings per share for the current fiscal year.

James River Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Monday, December 12th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, December 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.95%. James River Group’s dividend payout ratio (DPR) is currently -12.58%.

Insider Transactions at James River Group

In other news, Director Kirstin Gould acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The shares were acquired at an average price of $23.05 per share, for a total transaction of $69,150.00. Following the completion of the purchase, the director now owns 9,589 shares in the company, valued at $221,026.45. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On James River Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. increased its holdings in shares of James River Group by 163.8% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,380,574 shares of the insurance provider’s stock worth $34,155,000 after purchasing an additional 857,178 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of James River Group by 663.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 524,500 shares of the insurance provider’s stock worth $12,997,000 after purchasing an additional 455,800 shares during the period. Jennison Associates LLC increased its holdings in shares of James River Group by 64.8% in the third quarter. Jennison Associates LLC now owns 1,092,412 shares of the insurance provider’s stock worth $24,918,000 after purchasing an additional 429,730 shares during the period. Wellington Management Group LLP increased its holdings in shares of James River Group by 41.9% in the first quarter. Wellington Management Group LLP now owns 934,787 shares of the insurance provider’s stock worth $23,126,000 after purchasing an additional 275,981 shares during the period. Finally, Driehaus Capital Management LLC bought a new position in James River Group in the second quarter valued at $6,556,000. Institutional investors own 99.69% of the company’s stock.

James River Group Company Profile

(Get Rating)

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. It operates through Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.

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