SG Americas Securities LLC Purchases 4,586 Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR)

SG Americas Securities LLC increased its stake in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 41.6% during the 4th quarter, HoldingsChannel reports. The firm owned 15,616 shares of the insurance provider’s stock after buying an additional 4,586 shares during the period. SG Americas Securities LLC’s holdings in James River Group were worth $76,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantinno Capital Management LP purchased a new stake in James River Group in the third quarter worth approximately $122,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of James River Group during the 3rd quarter worth $157,000. BBR Partners LLC purchased a new position in shares of James River Group during the 3rd quarter valued at $219,000. CWM LLC lifted its stake in shares of James River Group by 40.7% during the 3rd quarter. CWM LLC now owns 38,890 shares of the insurance provider’s stock valued at $244,000 after buying an additional 11,254 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in shares of James River Group by 36.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 41,976 shares of the insurance provider’s stock valued at $263,000 after buying an additional 11,106 shares in the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

James River Group Stock Performance

James River Group stock opened at $4.73 on Friday. The company’s 50-day moving average price is $4.75 and its 200-day moving average price is $5.85. James River Group Holdings, Ltd. has a twelve month low of $4.35 and a twelve month high of $11.49. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38. The company has a market cap of $178.94 million, a PE ratio of -1.17 and a beta of 0.07.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings data on Monday, November 11th. The insurance provider reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.89). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The firm had revenue of $191.50 million during the quarter, compared to analysts’ expectations of $137.28 million. During the same period last year, the company earned $0.48 earnings per share. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, equities research analysts forecast that James River Group Holdings, Ltd. will post -0.35 EPS for the current fiscal year.

James River Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Monday, December 16th. James River Group’s dividend payout ratio (DPR) is currently -0.99%.

Wall Street Analyst Weigh In

Separately, 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. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.40.

About James River Group

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.