Connor Clark & Lunn Investment Management Ltd. trimmed its position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 49.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,532 shares of the insurance provider's stock after selling 65,840 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.18% of James River Group worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of James River Group by 41.6% in the fourth quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider's stock valued at $76,000 after acquiring an additional 4,586 shares in the last quarter. Raymond James Financial Inc. bought a new position in James River Group in the 4th quarter valued at $84,000. Quantinno Capital Management LP purchased a new stake in shares of James River Group during the 3rd quarter valued at $122,000. Ieq Capital LLC bought a new stake in shares of James River Group during the 4th quarter worth $197,000. Finally, BBR Partners LLC purchased a new position in shares of James River Group in the 3rd quarter worth about $219,000. Institutional investors own 95.21% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have commented on JRVR shares. Citigroup reaffirmed a "hold" rating on shares of James River Group in a research report on Tuesday, March 11th. Keefe, Bruyette & Woods dropped their price objective on James River Group from $6.00 to $5.00 and set a "market perform" rating on the stock in a research note on Thursday, March 13th. Truist Financial decreased their target price on James River Group from $6.00 to $5.00 and set a "hold" rating for the company in a research report on Tuesday, March 11th. JMP Securities dropped their price target on James River Group from $11.00 to $8.00 and set a "market outperform" rating on the stock in a research report on Friday, December 20th. 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 research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, James River Group has a consensus rating of "Hold" and an average price target of $6.06.
Check Out Our Latest Analysis on JRVR
James River Group Stock Performance
Shares of James River Group stock traded up $0.18 during trading hours on Thursday, reaching $4.36. The company had a trading volume of 148,841 shares, compared to its average volume of 366,379. The firm has a market cap of $199.01 million, a PE ratio of -1.08 and a beta of 0.04. James River Group Holdings, Ltd. has a one year low of $3.00 and a one year high of $9.56. 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 business has a fifty day simple moving average of $4.53 and a 200 day simple moving average of $5.20.
James River Group (NASDAQ:JRVR - Get Free Report) last issued its earnings results on Monday, March 3rd. The insurance provider reported ($0.99) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.66). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The company had revenue of $126.71 million during the quarter, compared to the consensus estimate of $159.91 million. During the same quarter in the prior year, the business earned $0.33 EPS. On average, analysts anticipate that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current fiscal year.
James River Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Monday, March 10th. James River Group's dividend payout ratio 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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