James River Group Holdings Ltd (NASDAQ:JRVR) Shares Bought by OppenheimerFunds Inc.

OppenheimerFunds Inc. lifted its holdings in shares of James River Group Holdings Ltd (NASDAQ:JRVR) by 2.0% in the first quarter, Holdings Channel reports. The fund owned 369,241 shares of the insurance provider’s stock after acquiring an additional 7,248 shares during the period. OppenheimerFunds Inc.’s holdings in James River Group were worth $14,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. State of Wisconsin Investment Board boosted its stake in James River Group by 17.9% during the first quarter. State of Wisconsin Investment Board now owns 353,351 shares of the insurance provider’s stock valued at $14,162,000 after buying an additional 53,600 shares during the period. Principal Financial Group Inc. boosted its stake in James River Group by 1.5% during the first quarter. Principal Financial Group Inc. now owns 2,584,415 shares of the insurance provider’s stock valued at $103,583,000 after buying an additional 39,051 shares during the period. Swiss National Bank boosted its stake in James River Group by 3.2% during the first quarter. Swiss National Bank now owns 54,599 shares of the insurance provider’s stock valued at $2,188,000 after buying an additional 1,700 shares during the period. Dimensional Fund Advisors LP boosted its stake in James River Group by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,150,562 shares of the insurance provider’s stock valued at $46,115,000 after buying an additional 16,993 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in James River Group by 2.4% during the first quarter. Envestnet Asset Management Inc. now owns 61,559 shares of the insurance provider’s stock valued at $2,467,000 after buying an additional 1,422 shares during the period. 97.67% of the stock is owned by institutional investors.

JRVR has been the topic of a number of research reports. ValuEngine upgraded James River Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. BidaskClub upgraded James River Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research upgraded James River Group from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Wednesday, May 8th. Compass Point downgraded James River Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $47.00 to $39.00 in a research report on Wednesday, April 3rd. Finally, B. Riley restated a “neutral” rating on shares of James River Group in a research report on Friday, March 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $42.00.

NASDAQ JRVR opened at $46.42 on Friday. James River Group Holdings Ltd has a twelve month low of $34.08 and a twelve month high of $47.10. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.13. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 18.64 and a beta of 0.49.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.09. James River Group had a return on equity of 10.63% and a net margin of 8.05%. The business had revenue of $214.13 million for the quarter, compared to the consensus estimate of $216.00 million. On average, analysts predict that James River Group Holdings Ltd will post 2.6 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $0.30 dividend. The ex-dividend date is Friday, June 7th. This represents a $1.20 annualized dividend and a dividend yield of 2.59%. James River Group’s dividend payout ratio is currently 51.50%.

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James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. Its Excess and Surplus Lines segment underwrites liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.

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

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