5,160 Shares in James River Group Holdings Ltd (JRVR) Purchased by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. acquired a new stake in James River Group Holdings Ltd (NASDAQ:JRVR) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,160 shares of the insurance provider’s stock, valued at approximately $207,000.

Several other hedge funds have also made changes to their positions in the stock. Bank of Montreal Can grew its holdings in James River Group by 88.9% during the 4th quarter. Bank of Montreal Can now owns 752 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 354 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in James River Group by 1,221.7% during the 4th quarter. Meeder Asset Management Inc. now owns 912 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 843 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in James River Group by 38.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 972 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 271 shares in the last quarter. Quantamental Technologies LLC acquired a new position in James River Group during the 4th quarter worth approximately $89,000. Finally, Hsbc Holdings PLC grew its holdings in James River Group by 11.7% during the 4th quarter. Hsbc Holdings PLC now owns 5,724 shares of the insurance provider’s stock worth $209,000 after acquiring an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 96.93% of the company’s stock.

In other news, insider Michael E. Crow sold 7,019 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $40.69, for a total value of $285,603.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.50% of the company’s stock.

NASDAQ JRVR opened at $45.18 on Thursday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.13. James River Group Holdings Ltd has a 52 week low of $34.08 and a 52 week high of $46.30. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 19.39 and a beta of 0.58.

James River Group (NASDAQ:JRVR) last issued its earnings results on Wednesday, May 1st. The insurance provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.09. James River Group had a net margin of 8.05% and a return on equity of 10.63%. The business had revenue of $214.13 million during the quarter, compared to analysts’ expectations of $216.00 million. As a group, research analysts expect that James River Group Holdings Ltd will post 2.6 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Friday, June 7th. James River Group’s payout ratio is 51.50%.

JRVR has been the subject of several analyst reports. ValuEngine upgraded shares of James River Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. BidaskClub upgraded shares of James River Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 20th. Zacks Investment Research upgraded shares of James River Group from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Wednesday, May 8th. Compass Point cut shares of James River Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $47.00 to $39.00 in a report on Wednesday, April 3rd. Finally, B. Riley reiterated a “neutral” rating on shares of James River Group in a report on Friday, March 1st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $42.00.

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

Further Reading: Asset Allocation and Your Retirement

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

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