Short Interest in James River Group Holdings, Ltd. (NASDAQ:JRVR) Decreases By 10.8%

James River Group Holdings, Ltd. (NASDAQ:JRVR) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 389,000 shares, a decrease of 10.8% from the October 15th total of 435,900 shares. Based on an average daily volume of 198,500 shares, the short-interest ratio is currently 2.0 days. Currently, 1.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On James River Group

Several hedge funds and other institutional investors have recently made changes to their positions in JRVR. Fuller & Thaler Asset Management Inc. grew its holdings in James River Group by 163.8% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,380,574 shares of the insurance provider’s stock valued at $34,155,000 after purchasing an additional 857,178 shares during the last quarter. Great Lakes Advisors LLC bought a new position in shares of James River Group during the first quarter valued at approximately $9,219,000. Wellington Management Group LLP raised its holdings in shares of James River Group by 41.9% in the first quarter. Wellington Management Group LLP now owns 934,787 shares of the insurance provider’s stock worth $23,126,000 after buying an additional 275,981 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of James River Group by 8.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,583,161 shares of the insurance provider’s stock worth $74,924,000 after acquiring an additional 274,337 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in James River Group by 415.9% during the 3rd quarter. AQR Capital Management LLC now owns 336,920 shares of the insurance provider’s stock valued at $5,172,000 after acquiring an additional 271,613 shares during the period. Hedge funds and other institutional investors own 94.72% of the company’s stock.

James River Group Trading Up 4.2 %

Shares of James River Group stock traded up $0.36 on Friday, reaching $8.86. The company had a trading volume of 451,966 shares, compared to its average volume of 212,665. The firm’s 50-day moving average price is $13.95 and its two-hundred day moving average price is $16.81. James River Group has a 1 year low of $8.15 and a 1 year high of $24.92. The firm has a market cap of $333.49 million, a price-to-earnings ratio of 5.41 and a beta of 0.35. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.54 and a quick ratio of 0.54.

James River Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Friday, December 8th. James River Group’s dividend payout ratio (DPR) is 12.74%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Truist Financial cut James River Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $32.00 to $15.00 in a report on Thursday, November 9th. StockNews.com cut James River Group from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Keefe, Bruyette & Woods lowered shares of James River Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $22.00 to $14.00 in a report on Thursday, November 9th. JMP Securities decreased their price target on shares of James River Group from $30.00 to $15.00 and set a “market outperform” rating on the stock in a research note on Wednesday. Finally, Barclays cut shares of James River Group from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $15.00 to $12.00 in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.00.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. It operates through Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in all states and the District of Columbia.