Perpetual Ltd Has $731,000 Stake in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Perpetual Ltd lifted its holdings in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 7.2% during the fourth quarter, HoldingsChannel reports. The firm owned 150,135 shares of the insurance provider’s stock after acquiring an additional 10,135 shares during the quarter. Perpetual Ltd’s holdings in James River Group were worth $731,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of JRVR. SG Americas Securities LLC bought a new stake in James River Group during the 3rd quarter worth approximately $69,000. Sei Investments Co. bought a new stake in shares of James River Group during the second quarter worth $83,000. Quantinno Capital Management LP acquired a new stake in shares of James River Group during the third quarter worth $122,000. Wealth Enhancement Advisory Services LLC acquired a new position in James River Group in the 3rd quarter worth $157,000. Finally, BBR Partners LLC acquired a new position in James River Group in the 3rd quarter worth $219,000. Institutional investors own 95.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities cut their price target on James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a report on Friday, December 20th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.40.

James River Group Stock Up 0.6 %

Shares of JRVR stock opened at $4.86 on Thursday. The firm’s fifty day moving average price is $4.67 and its two-hundred day moving average price is $6.19. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. James River Group Holdings, Ltd. has a 1 year low of $4.35 and a 1 year high of $11.49. The firm has a market capitalization of $183.85 million, a P/E ratio of -1.20 and a beta of 0.06.

James River Group (NASDAQ:JRVR) last released its earnings results on Monday, November 11th. The insurance provider reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.89). James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. The company had revenue of $191.50 million during the quarter, compared to analyst estimates of $137.28 million. During the same period in the prior year, the firm posted $0.48 EPS. James River Group’s revenue was down 8.9% compared to the same quarter last year. On average, equities analysts predict that James River Group Holdings, Ltd. will post -0.35 EPS for the current fiscal year.

James River Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Monday, December 16th. James River Group’s payout ratio is presently -0.99%.

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.