Price T Rowe Associates Inc. MD Boosts Stake in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Price T Rowe Associates Inc. MD raised its holdings in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 101.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 850,526 shares of the insurance provider’s stock after buying an additional 428,636 shares during the period. Price T Rowe Associates Inc. MD owned about 2.25% of James River Group worth $4,144,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. MetLife Investment Management LLC grew its position in James River Group by 110.6% in the 4th quarter. MetLife Investment Management LLC now owns 22,605 shares of the insurance provider’s stock valued at $110,000 after acquiring an additional 11,870 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of James River Group by 14.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 617,071 shares of the insurance provider’s stock valued at $3,005,000 after purchasing an additional 76,605 shares during the period. Gallatin Point Capital LLC purchased a new position in James River Group in the 4th quarter worth about $28,535,000. XTX Topco Ltd bought a new stake in James River Group during the 4th quarter valued at about $298,000. Finally, Barclays PLC boosted its position in James River Group by 38.0% in the 4th quarter. Barclays PLC now owns 60,643 shares of the insurance provider’s stock valued at $295,000 after buying an additional 16,703 shares during the period. Institutional investors own 95.21% of the company’s stock.

James River Group Trading Up 0.4 %

Shares of NASDAQ JRVR opened at $4.79 on Monday. James River Group Holdings, Ltd. has a 1-year low of $3.00 and a 1-year high of $9.13. The business has a fifty day moving average price of $4.23 and a 200 day moving average price of $4.77. The stock has a market capitalization of $218.63 million, a P/E ratio of -1.18 and a beta of 0.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Monday, March 3rd. The insurance provider reported ($0.99) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.66). James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. The firm had revenue of $126.71 million for the quarter, compared to analysts’ expectations of $159.91 million. During the same period in the previous year, the company posted $0.33 earnings per share. Equities research analysts expect that James River Group Holdings, Ltd. will post -0.35 EPS for the current fiscal year.

James River Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Monday, March 10th. James River Group’s dividend payout ratio is currently -1.38%.

Analyst Upgrades and Downgrades

JRVR has been the subject of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of James River Group from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Thursday, March 13th. Truist Financial decreased their target price on James River Group from $6.00 to $5.00 and set a “hold” rating for the company in a research report on Tuesday, March 11th. Citigroup reissued a “hold” rating on shares of James River Group in a research report on Tuesday, March 11th. StockNews.com downgraded James River Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. Finally, Compass Point dropped their target price on shares of James River Group from $7.75 to $6.25 and set a “buy” rating on the stock in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.06.

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.