Boston Partners bought a new position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 529,408 shares of the insurance provider's stock, valued at approximately $2,578,000. Boston Partners owned approximately 1.40% of James River Group as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of JRVR. Public Employees Retirement System of Ohio bought a new stake in James River Group during the third quarter worth $320,000. RBF Capital LLC increased its holdings in James River Group by 4.2% during the third quarter. RBF Capital LLC now owns 1,073,828 shares of the insurance provider's stock worth $6,733,000 after buying an additional 42,946 shares during the last quarter. Ieq Capital LLC purchased a new stake in James River Group during the fourth quarter worth about $197,000. BBR Partners LLC bought a new stake in shares of James River Group in the 3rd quarter worth approximately $219,000. Finally, Thompson Siegel & Walmsley LLC grew its holdings in James River Group by 33.3% during the third quarter. Thompson Siegel & Walmsley LLC now owns 140,000 shares of the insurance provider's stock valued at $878,000 after purchasing an additional 35,000 shares during the period. Institutional investors own 95.21% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Truist Financial decreased their price objective on James River Group from $6.00 to $5.00 and set a "hold" rating for the company in a report on Tuesday, March 11th. Keefe, Bruyette & Woods lowered their price target on shares of James River Group from $6.00 to $5.00 and set a "market perform" rating on the stock in a research report on Thursday, March 13th. Citigroup reaffirmed a "hold" rating on shares of James River Group in a report on Tuesday, March 11th. StockNews.com downgraded James River Group from a "hold" rating to a "sell" rating in a research report on Wednesday. Finally, Compass Point cut their price target on James River Group from $7.75 to $6.25 and set a "buy" rating for the company in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, James River Group presently has a consensus rating of "Hold" and a consensus target price of $6.06.
Get Our Latest Stock Analysis on JRVR
James River Group Price Performance
Shares of JRVR traded up $0.01 during mid-day trading on Wednesday, reaching $4.18. 197,402 shares of the stock traded hands, compared to its average volume of 368,718. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. James River Group Holdings, Ltd. has a 1 year low of $3.00 and a 1 year high of $9.56. The company has a market cap of $190.79 million, a price-to-earnings ratio of -1.03 and a beta of 0.04. The firm has a fifty day moving average price of $4.54 and a 200 day moving average price of $5.21.
James River Group (NASDAQ:JRVR - Get Free Report) last released its quarterly earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.66). James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. The business had revenue of $126.71 million during the quarter, compared to analysts' expectations of $159.91 million. During the same period in the previous year, the business earned $0.33 EPS. As a group, equities research analysts predict that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current year.
James River Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.96%. James River Group's dividend payout ratio (DPR) is presently -1.38%.
About James River Group
(
Free Report)
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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