Boston Partners Grows Stock Holdings in James River Group Holdings, Ltd. $JRVR

Boston Partners lifted its stake in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 34.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 685,597 shares of the insurance provider’s stock after acquiring an additional 173,981 shares during the quarter. Boston Partners’ holdings in James River Group were worth $4,018,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FNY Investment Advisers LLC boosted its holdings in shares of James River Group by 70.2% in the second quarter. FNY Investment Advisers LLC now owns 41,713 shares of the insurance provider’s stock valued at $244,000 after purchasing an additional 17,208 shares during the period. Jane Street Group LLC raised its position in James River Group by 13.0% during the 1st quarter. Jane Street Group LLC now owns 25,297 shares of the insurance provider’s stock valued at $106,000 after purchasing an additional 2,918 shares in the last quarter. Zimmer Partners LP lifted its holdings in shares of James River Group by 684.4% in the 1st quarter. Zimmer Partners LP now owns 2,162,484 shares of the insurance provider’s stock worth $9,082,000 after buying an additional 1,886,781 shares during the period. Interval Partners LP bought a new position in shares of James River Group during the 1st quarter worth $275,000. Finally, Fuller & Thaler Asset Management Inc. grew its position in shares of James River Group by 0.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,057,300 shares of the insurance provider’s stock worth $8,641,000 after buying an additional 11,001 shares in the last quarter. Institutional investors own 95.21% of the company’s stock.

Wall Street Analysts Forecast Growth

JRVR has been the subject of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of James River Group in a report on Tuesday. Wall Street Zen upgraded shares of James River Group from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Zacks Research raised shares of James River Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.06.

James River Group Price Performance

JRVR opened at $5.57 on Friday. The firm has a market capitalization of $256.03 million, a PE ratio of -2.68 and a beta of 0.03. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.64 and a quick ratio of 0.64. The business’s 50-day moving average is $5.40 and its two-hundred day moving average is $5.51. James River Group Holdings, Ltd. has a 1 year low of $3.00 and a 1 year high of $6.27.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Monday, November 3rd. The insurance provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. James River Group had a negative net margin of 7.64% and a positive return on equity of 7.11%. The business had revenue of $172.74 million for the quarter, compared to analysts’ expectations of $179.21 million. Research analysts anticipate that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current fiscal year.

James River Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, December 15th. James River Group’s dividend payout ratio (DPR) is -1.92%.

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.