Cantor Fitzgerald L. P. Purchases 118,657 Shares of James River Group Holdings, Ltd. $JRVR

Cantor Fitzgerald L. P. raised its position in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 37.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 434,657 shares of the insurance provider’s stock after purchasing an additional 118,657 shares during the period. Cantor Fitzgerald L. P.’s holdings in James River Group were worth $2,412,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of JRVR. Geode Capital Management LLC increased its position in shares of James River Group by 10.5% during the second quarter. Geode Capital Management LLC now owns 1,002,499 shares of the insurance provider’s stock worth $5,875,000 after buying an additional 95,351 shares during the period. Boston Partners lifted its holdings in James River Group by 7.9% in the third quarter. Boston Partners now owns 739,621 shares of the insurance provider’s stock valued at $4,105,000 after buying an additional 54,024 shares during the period. Dimensional Fund Advisors LP boosted its position in James River Group by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 719,379 shares of the insurance provider’s stock valued at $3,993,000 after acquiring an additional 23,226 shares during the last quarter. Kennedy Capital Management LLC boosted its position in James River Group by 47.8% during the second quarter. Kennedy Capital Management LLC now owns 432,568 shares of the insurance provider’s stock valued at $2,535,000 after acquiring an additional 139,883 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in James River Group by 7.6% during the 2nd quarter. Invesco Ltd. now owns 298,243 shares of the insurance provider’s stock worth $1,748,000 after acquiring an additional 20,954 shares during the period. 95.21% of the stock is owned by institutional investors.

James River Group Price Performance

Shares of NASDAQ JRVR opened at $6.39 on Friday. The firm has a market capitalization of $293.75 million, a P/E ratio of 8.75 and a beta of -0.06. The firm’s 50-day moving average price is $6.66 and its 200-day moving average price is $6.03. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.42. James River Group Holdings, Ltd. has a 1-year low of $3.85 and a 1-year high of $7.20.

James River Group (NASDAQ:JRVR) last issued its earnings results on Monday, March 2nd. The insurance provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). James River Group had a net margin of 6.90% and a return on equity of 12.01%. The firm had revenue of $167.75 million during the quarter, compared to analyst estimates of $171.98 million. Equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, March 13th. James River Group’s dividend payout ratio (DPR) is 5.48%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on JRVR shares. Compass Point lowered James River Group from a “buy” rating to a “neutral” rating and set a $7.00 price objective for the company. in a research report on Tuesday, December 16th. Raymond James Financial set a $7.00 target price on James River Group in a research note on Tuesday, December 16th. Truist Financial lifted their target price on James River Group from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings raised James River Group from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, March 5th. Finally, Zacks Research cut James River Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, James River Group currently has an average rating of “Hold” and a consensus target price of $7.25.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.