Morgan Stanley Grows Stock Position in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Morgan Stanley boosted its stake in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 14.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 97,489 shares of the insurance provider’s stock after buying an additional 12,010 shares during the period. Morgan Stanley owned approximately 0.32% of James River Group worth $4,341,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in JRVR. Driehaus Capital Management LLC raised its holdings in James River Group by 102.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 247,413 shares of the insurance provider’s stock valued at $11,134,000 after buying an additional 125,017 shares during the period. Point72 Asset Management L.P. boosted its position in James River Group by 147.1% during the second quarter. Point72 Asset Management L.P. now owns 135,398 shares of the insurance provider’s stock valued at $6,093,000 after purchasing an additional 80,598 shares in the last quarter. Advisory Research Inc. boosted its position in James River Group by 43.9% during the third quarter. Advisory Research Inc. now owns 203,708 shares of the insurance provider’s stock valued at $9,071,000 after purchasing an additional 62,178 shares in the last quarter. JPMorgan Chase & Co. boosted its position in James River Group by 61.3% during the third quarter. JPMorgan Chase & Co. now owns 121,672 shares of the insurance provider’s stock valued at $5,348,000 after purchasing an additional 46,245 shares in the last quarter. Finally, Comerica Bank boosted its position in James River Group by 31.6% during the third quarter. Comerica Bank now owns 169,649 shares of the insurance provider’s stock valued at $9,368,000 after purchasing an additional 40,784 shares in the last quarter. Institutional investors own 82.82% of the company’s stock.

In other news, CEO Daniel Heinlein sold 677 shares of the firm’s stock in a transaction dated Tuesday, November 17th. The stock was sold at an average price of $50.44, for a total value of $34,147.88. Following the completion of the transaction, the chief executive officer now directly owns 26,926 shares in the company, valued at $1,358,147.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.50% of the company’s stock.

JRVR has been the topic of a number of recent research reports. Zacks Investment Research downgraded James River Group from a “buy” rating to a “hold” rating in a research report on Wednesday. B. Riley increased their price target on James River Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Compass Point upgraded James River Group from a “neutral” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Monday, November 2nd. Finally, BidaskClub cut James River Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 4th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. James River Group presently has an average rating of “Hold” and a consensus target price of $54.00.

James River Group stock opened at $49.15 on Friday. James River Group Holdings, Ltd. has a one year low of $25.34 and a one year high of $57.41. The stock has a market cap of $1.50 billion, a PE ratio of 33.44 and a beta of 0.44. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a 50-day moving average of $47.95 and a two-hundred day moving average of $47.06.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Tuesday, November 3rd. The insurance provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. James River Group had a return on equity of 9.43% and a net margin of 6.37%. The firm had revenue of $177.47 million during the quarter, compared to analysts’ expectations of $184.00 million. As a group, sell-side analysts predict that James River Group Holdings, Ltd. will post 2.16 EPS for the current fiscal year.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. It operates through Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance segments. The 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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