Two Sigma Advisers LP Has $1.15 Million Stake in James River Group Holdings Ltd (JRVR)

Two Sigma Advisers LP lowered its position in James River Group Holdings Ltd (NASDAQ:JRVR) by 35.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,800 shares of the insurance provider’s stock after selling 15,500 shares during the quarter. Two Sigma Advisers LP owned approximately 0.10% of James River Group worth $1,152,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its stake in James River Group by 1,323.6% in the third quarter. Russell Investments Group Ltd. now owns 32,857 shares of the insurance provider’s stock worth $1,363,000 after purchasing an additional 30,549 shares in the last quarter. Swiss National Bank grew its stake in James River Group by 13.5% in the fourth quarter. Swiss National Bank now owns 42,099 shares of the insurance provider’s stock worth $1,684,000 after purchasing an additional 5,000 shares in the last quarter. American International Group Inc. grew its stake in James River Group by 16.6% in the fourth quarter. American International Group Inc. now owns 17,200 shares of the insurance provider’s stock worth $688,000 after purchasing an additional 2,443 shares in the last quarter. Schroder Investment Management Group grew its stake in James River Group by 54.2% in the fourth quarter. Schroder Investment Management Group now owns 22,035 shares of the insurance provider’s stock worth $882,000 after purchasing an additional 7,747 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in James River Group by 23.3% in the third quarter. Bank of New York Mellon Corp now owns 178,546 shares of the insurance provider’s stock worth $7,407,000 after purchasing an additional 33,794 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors.

James River Group stock opened at $35.66 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1,086.85, a price-to-earnings ratio of 22.71 and a beta of 0.46. James River Group Holdings Ltd has a twelve month low of $32.17 and a twelve month high of $44.34.



James River Group (NASDAQ:JRVR) last posted its earnings results on Thursday, February 22nd. The insurance provider reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.58). The company had revenue of $217.96 million for the quarter, compared to analysts’ expectations of $208.56 million. James River Group had a return on equity of 6.67% and a net margin of 5.33%. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. analysts anticipate that James River Group Holdings Ltd will post 2.38 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Monday, March 12th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, March 9th. This represents a $1.20 dividend on an annualized basis and a yield of 3.37%. James River Group’s dividend payout ratio is currently 76.43%.

Several research analysts recently issued reports on JRVR shares. Keefe, Bruyette & Woods raised James River Group from a “market perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Thursday, March 15th. BidaskClub raised James River Group from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. ValuEngine cut James River Group from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Zacks Investment Research cut James River Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Finally, B. Riley cut James River Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $47.00 to $39.00 in a research note on Thursday, January 4th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. James River Group has a consensus rating of “Hold” and an average price target of $42.50.

In other James River Group news, CEO Steven J. Hartman sold 25,000 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $34.63, for a total transaction of $865,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Janet Raye Cowell bought 1,206 shares of the stock in a transaction on Wednesday, February 28th. The shares were bought at an average price of $33.16 per share, with a total value of $39,990.96. The disclosure for this purchase can be found here. 15.00% of the stock is owned by corporate insiders.

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James River Group 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 property and liability insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.

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

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