7 hours Ago By Defense World Staff
Russell Investments Group Ltd. lessened its position in shares of James River Group Holdings, Ltd. ( NASDAQ:JRVR – Free Report ) by 23.
4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,152 shares of the insurance provider’s stock after selling 12,245 shares during the period. Russell Investments Group Ltd.
owned approximately 0.11% of James River Group worth $196,000 at the end of the most recent reporting period. Other institutional investors also recently bought and sold shares of the company.
Quantbot Technologies LP boosted its holdings in James River Group by 24.8% in the fourth quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 2,498 shares during the last quarter.
Intech Investment Management LLC acquired a new position in shares of James River Group in the 4th quarter valued at approximately $68,000. SG Americas Securities LLC boosted its stake 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 valued at $76,000 after buying an additional 4,586 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of James River Group during the fourth quarter worth approximately $84,000.
Finally, Wells Fargo & Company MN increased its stake in shares of James River Group by 52.9% in the fourth quarter. Wells Fargo & Company MN now owns 22,026 shares of the insurance provider’s stock worth $107,000 after buying an additional 7,625 shares during the last quarter.
95.21% of the stock is currently owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades A number of equities analysts have issued reports on the stock.
Keefe, Bruyette & Woods cut their target price on shares of James River Group from $6.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, March 13th.
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 research report on Monday, March 10th.
Truist Financial decreased their price objective on shares of James River Group from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Tuesday, March 11th.
StockNews.com downgraded shares of James River Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Finally, Citigroup reiterated a “hold” rating on shares of James River Group in a report on Tuesday, March 11th.
One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.06.
James River Group Price Performance JRVR opened at $4.38 on Friday. The stock has a fifty day moving average price of $4.
25 and a 200 day moving average price of $4.86. 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 $3.00 and a 1 year high of $9.
17. The stock has a market cap of $199.92 million, a price-to-earnings ratio of -1.
08 and a beta of 0.04. James River Group ( NASDAQ:JRVR – Get Free Report ) last announced 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). The firm had revenue of $126.71 million during the quarter, compared to the consensus estimate of $159.
91 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.
90%. During the same period in the previous year, the firm posted $0.33 EPS.
Analysts forecast that James River Group Holdings, Ltd. will post -0.35 EPS for the current fiscal year.
James River Group Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $0.01 dividend.
This represents a $0.04 dividend on an annualized basis and a yield of 0.91%.
The ex-dividend date of this dividend was Monday, March 10th. James River Group’s dividend payout ratio is presently -1.38%.
About James River Group ( Free Report ) 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. Read More Five stocks we like better than James River Group Best Aerospace Stocks Investing Short Sellers Gave Up on These 3 Names Recently Best ESG Stocks: 11 Best Stocks for ESG Investing 3 Boring Stocks Outperforming the Market This Year Insider Selling Explained: Can it Inform Your Investing Choices? If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy Receive News & Ratings for James River Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for James River Group and related companies with MarketBeat.com's FREE daily email newsletter .
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