James River Group Holdings, Ltd. (NASDAQ:JRVR) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its holdings in James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 28.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 577,436 shares of the insurance provider's stock after selling 232,880 shares during the quarter. Dimensional Fund Advisors LP owned about 1.53% of James River Group worth $4,463,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Thompson Siegel & Walmsley LLC purchased a new position in James River Group in the second quarter valued at approximately $812,000. American Century Companies Inc. raised its stake in James River Group by 232.2% during the 2nd quarter. American Century Companies Inc. now owns 171,529 shares of the insurance provider's stock worth $1,326,000 after acquiring an additional 119,901 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in James River Group by 53.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 37,189 shares of the insurance provider's stock valued at $287,000 after acquiring an additional 12,942 shares during the last quarter. Pallas Capital Advisors LLC acquired a new position in James River Group in the second quarter valued at $170,000. Finally, Simplicity Wealth LLC purchased a new position in shares of James River Group during the second quarter worth about $93,000. Institutional investors and hedge funds own 95.21% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Truist Financial decreased their target price on James River Group from $9.00 to $8.00 and set a "hold" rating for the company in a research report on Wednesday, August 7th. Compass Point decreased their price objective on James River Group from $12.50 to $12.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. Finally, JMP Securities cut their target price on shares of James River Group from $14.00 to $11.00 and set a "market outperform" rating on the stock in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, James River Group presently has a consensus rating of "Hold" and a consensus price target of $11.17.

James River Group Stock Performance

JRVR traded up $0.07 during trading on Thursday, hitting $6.27. The stock had a trading volume of 207,574 shares, compared to its average volume of 718,234. James River Group Holdings, Ltd. has a twelve month low of $6.12 and a twelve month high of $15.47. The firm has a market capitalization of $237.17 million, a P/E ratio of -3.00 and a beta of 0.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.64 and a current ratio of 0.64. The company's 50-day moving average price is $6.88 and its 200 day moving average price is $7.73.

James River Group (NASDAQ:JRVR - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.09). James River Group had a positive return on equity of 11.66% and a negative net margin of 12.79%. The firm had revenue of $188.30 million for the quarter, compared to analysts' expectations of $169.39 million. During the same period in the prior year, the company earned $0.53 earnings per share. The company's revenue for the quarter was down 3.3% on a year-over-year basis. On average, equities research analysts forecast that James River Group Holdings, Ltd. will post 1.85 EPS for the current fiscal year.

James River Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.19%. James River Group's dividend payout ratio (DPR) is presently -9.57%.

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.