Jacobs Levy Equity Management Inc. Has $4.46 Million Stock Position in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Jacobs Levy Equity Management Inc. cut its stake in James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 14.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 710,643 shares of the insurance provider's stock after selling 118,656 shares during the quarter. Jacobs Levy Equity Management Inc. owned 1.88% of James River Group worth $4,456,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of James River Group in the 3rd quarter valued at approximately $69,000. Sei Investments Co. bought a new stake in shares of James River Group during the second quarter worth $83,000. Simplicity Wealth LLC bought a new stake in James River Group in the 2nd quarter valued at $93,000. Wealth Enhancement Advisory Services LLC acquired a new position in James River Group in the 3rd quarter worth $157,000. Finally, Pallas Capital Advisors LLC acquired a new position in James River Group in the 2nd quarter worth $170,000. Institutional investors own 95.21% of the company's stock.

James River Group Stock Up 0.2 %

Shares of JRVR traded up $0.01 during midday trading on Friday, hitting $4.66. The stock had a trading volume of 245,998 shares, compared to its average volume of 501,269. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $176.29 million, a price-to-earnings ratio of -1.15 and a beta of 0.09. The company has a 50 day simple moving average of $5.78 and a two-hundred day simple moving average of $6.86. James River Group Holdings, Ltd. has a twelve month low of $4.35 and a twelve month high of $11.49.

James River Group (NASDAQ:JRVR - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The insurance provider reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.89). The business had revenue of $191.50 million during the quarter, compared to the consensus estimate of $137.28 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. James River Group's quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. On average, analysts anticipate that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.04 annualized dividend and a yield of 0.86%. James River Group's dividend payout ratio (DPR) is presently -4.94%.

James River Group Company 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.