Cwm LLC Raises Stake in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Cwm LLC lifted its position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 40.7% in the third quarter, Holdings Channel reports. The firm owned 38,890 shares of the insurance provider’s stock after purchasing an additional 11,254 shares during the period. Cwm LLC’s holdings in James River Group were worth $244,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in 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 in the last quarter. AQR Capital Management LLC lifted its position in James River Group by 2,512.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,377,017 shares of the insurance provider’s stock worth $10,644,000 after acquiring an additional 1,324,309 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in James River Group by 143.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 512,968 shares of the insurance provider’s stock worth $4,771,000 after acquiring an additional 302,257 shares in the last quarter. Marshall Wace LLP lifted its position in James River Group by 39.2% during the 2nd quarter. Marshall Wace LLP now owns 469,963 shares of the insurance provider’s stock worth $3,633,000 after acquiring an additional 132,300 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in 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 acquiring an additional 20,085 shares in the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

James River Group Stock Performance

Shares of JRVR opened at $6.91 on Wednesday. The business’s 50 day moving average is $6.79 and its two-hundred day moving average is $7.59. James River Group Holdings, Ltd. has a 52-week low of $6.12 and a 52-week high of $15.02. The firm has a market cap of $261.38 million, a price-to-earnings ratio of -3.31 and a beta of 0.16. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.37.

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

James River Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.89%. The ex-dividend date was Monday, September 16th. James River Group’s dividend payout ratio is currently -9.57%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Compass Point reduced 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. Truist Financial cut their target price on James River Group from $9.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Finally, JMP Securities cut their target price on James River Group from $14.00 to $11.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.17.

James River Group 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.