WINTON GROUP Ltd Boosts Position in James River Group Holdings, Ltd. (NASDAQ:JRVR)

WINTON GROUP Ltd raised its stake in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 27.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 53,780 shares of the insurance provider’s stock after buying an additional 11,618 shares during the period. WINTON GROUP Ltd’s holdings in James River Group were worth $262,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Quantbot Technologies LP raised its stake in shares of James River Group by 24.8% during the fourth quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 2,498 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of James River Group in the 4th quarter worth $68,000. SG Americas Securities LLC grew its position in shares of James River Group by 41.6% during the 4th quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock worth $76,000 after buying an additional 4,586 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of James River Group during the fourth quarter valued at $84,000. Finally, Quantinno Capital Management LP bought a new stake in shares of James River Group in the third quarter valued at about $122,000. 95.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JRVR. Truist Financial dropped their target price on shares of James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. Compass Point cut their price objective 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. StockNews.com lowered James River Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. JMP Securities dropped their target price on James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a research report on Friday, December 20th. Finally, Citigroup reissued a “hold” rating on shares of James River Group in a research report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, James River Group presently has a consensus rating of “Hold” and a consensus price target of $6.06.

James River Group Price Performance

NASDAQ JRVR opened at $4.25 on Monday. The firm’s fifty day simple moving average is $4.51 and its two-hundred day simple moving average is $5.17. The firm has a market capitalization of $193.99 million, a P/E ratio of -1.05 and a beta of 0.04. 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 12-month low of $3.00 and a 12-month high of $9.56.

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

James River Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Monday, March 10th. James River Group’s dividend payout ratio (DPR) is presently -1.38%.

James River Group 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.