SG Americas Securities LLC Buys New Holdings in James River Group Holdings, Ltd. (NASDAQ:JRVR)

SG Americas Securities LLC purchased a new position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,030 shares of the insurance provider’s stock, valued at approximately $69,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of James River Group by 22.9% during the 1st quarter. Vanguard Group Inc. now owns 2,579,287 shares of the insurance provider’s stock worth $23,987,000 after acquiring an additional 479,823 shares during the period. AQR Capital Management LLC boosted its holdings in James River Group by 2,512.5% during the second quarter. AQR Capital Management LLC now owns 1,377,017 shares of the insurance provider’s stock valued at $10,644,000 after purchasing an additional 1,324,309 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of James River Group by 143.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 512,968 shares of the insurance provider’s stock valued at $4,771,000 after purchasing an additional 302,257 shares during the period. Marshall Wace LLP raised its holdings in shares of James River Group by 39.2% in the 2nd quarter. Marshall Wace LLP now owns 469,963 shares of the insurance provider’s stock worth $3,633,000 after buying an additional 132,300 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in shares of James River Group by 7.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 275,519 shares of the insurance provider’s stock worth $2,130,000 after buying an additional 20,085 shares during the period. Institutional investors own 95.21% of the company’s stock.

James River Group Trading Down 2.6 %

Shares of JRVR opened at $6.37 on Tuesday. The stock has a fifty day moving average price of $6.71 and a two-hundred day moving average price of $7.53. 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 has a market cap of $240.95 million, a price-to-earnings ratio of -3.05 and a beta of 0.16. James River Group Holdings, Ltd. has a 52-week low of $6.12 and a 52-week high of $15.02.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Monday, August 5th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). James River Group had a negative net margin of 12.79% and a positive return on equity of 11.66%. The business had revenue of $188.30 million during the quarter, compared to the consensus estimate of $169.39 million. During the same period in the prior year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. Analysts predict that James River Group Holdings, Ltd. will post 1.85 EPS for the current fiscal year.

James River Group Announces Dividend

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 annualized dividend and a dividend yield of 3.14%. James River Group’s dividend payout ratio (DPR) is currently -9.57%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Compass Point lowered their price target on James River Group from $12.50 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. JMP Securities reduced 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 research note on Tuesday, August 6th. Finally, Truist Financial dropped their target price on shares of 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. One equities research analyst has 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.17.

James River Group Company Profile

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.