James River Group Holdings, Ltd. (JRVR) Position Increased by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lifted its position in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 65.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,801 shares of the insurance provider’s stock after buying an additional 7,417 shares during the period. Parametric Portfolio Associates LLC owned about 0.06% of James River Group Holdings worth $747,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JRVR. SG Americas Securities LLC bought a new stake in shares of James River Group Holdings in the 2nd quarter valued at $124,000. Advisor Group Inc. increased its position in shares of James River Group Holdings by 11.0% in the 2nd quarter. Advisor Group Inc. now owns 3,937 shares of the insurance provider’s stock valued at $156,000 after buying an additional 391 shares in the last quarter. Legal & General Group Plc increased its position in shares of James River Group Holdings by 21.4% in the 2nd quarter. Legal & General Group Plc now owns 4,248 shares of the insurance provider’s stock valued at $169,000 after buying an additional 748 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of James River Group Holdings in the 2nd quarter valued at $203,000. Finally, Neuberger Berman Group LLC increased its position in shares of James River Group Holdings by 21.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 6,867 shares of the insurance provider’s stock valued at $273,000 after buying an additional 1,207 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

James River Group Holdings, Ltd. (NASDAQ:JRVR) opened at $38.88 on Tuesday. The firm has a market cap of $1,134.42, a price-to-earnings ratio of 17.41 and a beta of 0.56. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.25 and a quick ratio of 0.25. James River Group Holdings, Ltd. has a one year low of $37.24 and a one year high of $46.20.

James River Group Holdings (NASDAQ:JRVR) last announced its earnings results on Wednesday, November 1st. The insurance provider reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. The firm had revenue of $220.87 million during the quarter, compared to analyst estimates of $198.67 million. James River Group Holdings had a net margin of 8.98% and a return on equity of 9.36%. The company’s revenue for the quarter was up 45.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 EPS. analysts predict that James River Group Holdings, Ltd. will post 2.18 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 15th will be paid a $0.80 dividend. The ex-dividend date is Thursday, December 14th. This is a positive change from James River Group Holdings’s previous quarterly dividend of $0.30. This represents a $3.20 dividend on an annualized basis and a yield of 8.23%. James River Group Holdings’s dividend payout ratio is presently 52.63%.

A number of analysts recently commented on JRVR shares. B. Riley restated a “buy” rating and issued a $47.00 price objective on shares of James River Group Holdings in a research report on Tuesday, November 14th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $42.00 price objective on shares of James River Group Holdings in a research report on Thursday, September 21st. Zacks Investment Research upgraded shares of James River Group Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. JMP Securities started coverage on shares of James River Group Holdings in a research report on Tuesday, October 17th. They issued an “outperform” rating and a $47.00 price objective for the company. Finally, ValuEngine cut shares of James River Group Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $47.00.

In related news, Chairman J Adam Abram sold 400,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $38.10, for a total value of $15,240,000.00. Following the completion of the transaction, the chairman now directly owns 368,247 shares of the company’s stock, valued at approximately $14,030,210.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David Zwillinger sold 2,600,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $38.10, for a total transaction of $99,060,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,025,000 shares of company stock valued at $115,282,815. Company insiders own 41.00% of the company’s stock.

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James River Group Holdings Profile

James River Group Holdings, Ltd. (JRG Holdings) is an insurance and reinsurance holding company. The Company operates through four segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. The Excess and Surplus Lines segment offers commercial excess and surplus lines liability and excess property insurance products.

Institutional Ownership by Quarter for James River Group Holdings (NASDAQ:JRVR)

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