James River Group Holdings, Ltd. (NASDAQ:JRVR) Stock Holdings Cut by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 30.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 17,219 shares of the insurance provider’s stock after selling 7,646 shares during the quarter. BNP Paribas Financial Markets’ holdings in James River Group were worth $108,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sei Investments Co. bought a new position in James River Group during the second quarter valued at about $83,000. SG Americas Securities LLC acquired a new stake in James River Group in the 3rd quarter valued at about $69,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of James River Group during the 3rd quarter valued at about $157,000. Allspring Global Investments Holdings LLC boosted its position in shares of James River Group by 53.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 37,189 shares of the insurance provider’s stock valued at $287,000 after purchasing an additional 12,942 shares in the last quarter. Finally, CWM LLC grew its stake in shares of James River Group by 40.7% in the 3rd quarter. CWM LLC now owns 38,890 shares of the insurance provider’s stock worth $244,000 after purchasing an additional 11,254 shares during the last quarter. Institutional investors own 95.21% of the company’s stock.

James River Group Stock Down 3.5 %

JRVR stock opened at $4.42 on Thursday. The firm has a market cap of $167.20 million, a PE ratio of -1.09 and a beta of 0.09. James River Group Holdings, Ltd. has a 12 month low of $4.35 and a 12 month high of $11.49. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a 50 day simple moving average of $5.54 and a 200 day simple moving average of $6.70.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings results on Monday, November 11th. The insurance provider reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.89). The company had revenue of $191.50 million during the quarter, compared to the consensus estimate of $137.28 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. James River Group’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS. Equities research analysts forecast that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current fiscal year.

James River Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Monday, December 16th. James River Group’s dividend payout ratio is -0.99%.

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.