JPMorgan Chase & Co. Grows Stock Holdings in James River Group Holdings, Ltd. (NASDAQ:JRVR)

JPMorgan Chase & Co. lifted its position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 29.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 253,680 shares of the insurance provider's stock after acquiring an additional 57,889 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.67% of James River Group worth $1,235,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of JRVR. Rhumbline Advisers boosted its holdings in James River Group by 4.1% in the 4th quarter. Rhumbline Advisers now owns 55,967 shares of the insurance provider's stock valued at $273,000 after purchasing an additional 2,179 shares during the period. Quantbot Technologies LP boosted its holdings in James River Group by 24.8% in the 4th quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider's stock valued at $61,000 after purchasing an additional 2,498 shares during the period. SG Americas Securities LLC boosted its holdings in James River Group by 41.6% in the 4th quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider's stock valued at $76,000 after purchasing an additional 4,586 shares during the period. Empowered Funds LLC boosted its holdings in James River Group by 4.9% in the 4th quarter. Empowered Funds LLC now owns 118,194 shares of the insurance provider's stock valued at $576,000 after purchasing an additional 5,553 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in James River Group by 7.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 150,000 shares of the insurance provider's stock valued at $730,000 after purchasing an additional 10,000 shares during the period. Institutional investors and hedge funds own 95.21% of the company's stock.

James River Group Trading Up 1.1 %

James River Group stock traded up $0.05 during mid-day trading on Monday, hitting $4.43. The company's stock had a trading volume of 116,713 shares, compared to its average volume of 345,596. 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 stock has a market cap of $202.20 million, a price-to-earnings ratio of -1.09 and a beta of 0.04. The business has a 50 day moving average price of $4.24 and a 200-day moving average price of $4.82. James River Group Holdings, Ltd. has a 12 month low of $3.00 and a 12 month high of $9.17.

James River Group (NASDAQ:JRVR - Get Free Report) last posted 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). The business had revenue of $126.71 million during the quarter, compared to the consensus estimate of $159.91 million. James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. During the same period in the prior year, the firm earned $0.33 earnings per share. As a group, analysts forecast that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.90%. The ex-dividend date was Monday, March 10th. James River Group's dividend payout ratio is presently -1.38%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup reissued a "hold" rating on shares of James River Group in a report on Tuesday, March 11th. Compass Point cut their price target on shares of James River Group from $7.75 to $6.25 and set a "buy" rating for the company in a report on Monday, March 10th. StockNews.com cut shares of James River Group from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Truist Financial lowered their price objective on shares of James River Group from $6.00 to $5.00 and set a "hold" rating on the stock in a research report on Tuesday, March 11th. Finally, Keefe, Bruyette & Woods lowered their price objective 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. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, James River Group currently has an average rating of "Hold" and a consensus target price of $6.06.

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.