Jump Financial LLC reduced its stake in James River Group Holdings, Ltd. (NASDAQ:JRVR – Free Report) by 15.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,700 shares of the insurance provider’s stock after selling 4,106 shares during the quarter. Jump Financial LLC owned about 0.06% of James River Group worth $348,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. increased its position in shares of James River Group by 163.8% during 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 buying an additional 857,178 shares during the period. Wellington Management Group LLP grew its holdings in James River Group by 41.9% during the 1st quarter. Wellington Management Group LLP now owns 934,787 shares of the insurance provider’s stock worth $23,126,000 after acquiring an additional 275,981 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of James River Group by 8.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,583,161 shares of the insurance provider’s stock worth $74,924,000 after acquiring an additional 274,337 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of James River Group by 1,833.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 271,682 shares of the insurance provider’s stock valued at $5,681,000 after purchasing an additional 257,630 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of James River Group by 213.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 341,934 shares of the insurance provider’s stock valued at $6,244,000 after purchasing an additional 232,997 shares in the last quarter. 94.72% of the stock is currently owned by institutional investors.
James River Group Price Performance
Shares of JRVR opened at $10.13 on Tuesday. The business’s fifty day moving average is $9.10 and its 200 day moving average is $12.25. James River Group Holdings, Ltd. has a 12-month low of $8.01 and a 12-month high of $24.92. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.40. The stock has a market cap of $381.29 million, a P/E ratio of 6.45 and a beta of 0.18.
James River Group Dividend Announcement
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on JRVR shares. Barclays downgraded James River Group from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $15.00 to $12.00 in a report on Thursday, November 9th. JMP Securities dropped their target price on shares of James River Group from $30.00 to $15.00 and set a “market outperform” rating on the stock in a research report on Wednesday, November 15th. Truist Financial cut shares of James River Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $32.00 to $15.00 in a report on Thursday, November 9th. Finally, Keefe, Bruyette & Woods lowered shares of James River Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $22.00 to $14.00 in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.00.
James River Group Profile
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 in all states and the District of Columbia.
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