Wellington Management Group LLP Has $8.08 Million Stake in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Wellington Management Group LLP decreased its holdings in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 874,465 shares of the insurance provider’s stock after selling 39,069 shares during the quarter. Wellington Management Group LLP owned approximately 2.32% of James River Group worth $8,080,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in shares of James River Group by 415.9% in the third quarter. AQR Capital Management LLC now owns 336,920 shares of the insurance provider’s stock valued at $5,172,000 after buying an additional 271,613 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of James River Group by 125,501.1% during the fourth quarter. Federated Hermes Inc. now owns 113,041 shares of the insurance provider’s stock valued at $1,044,000 after purchasing an additional 112,951 shares during the last quarter. Jump Financial LLC increased its holdings in shares of James River Group by 409.1% in the fourth quarter. Jump Financial LLC now owns 115,570 shares of the insurance provider’s stock valued at $1,068,000 after purchasing an additional 92,870 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of James River Group by 88.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 133,297 shares of the insurance provider’s stock valued at $2,046,000 after purchasing an additional 62,596 shares in the last quarter. Finally, Trexquant Investment LP lifted its holdings in James River Group by 135.6% during the 4th quarter. Trexquant Investment LP now owns 105,551 shares of the insurance provider’s stock worth $975,000 after buying an additional 60,741 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.

Wall Street Analysts Forecast Growth

JRVR has been the topic of several recent research reports. UBS Group decreased their price target on James River Group from $34.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, March 5th. JMP Securities restated a “market outperform” rating and issued a $15.00 price objective on shares of James River Group in a report on Monday, April 15th. Compass Point raised shares of James River Group from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Friday, March 22nd. Truist Financial dropped their target price on shares of James River Group from $15.00 to $11.00 and set a “hold” rating for the company in a research report on Friday, March 1st. Finally, Keefe, Bruyette & Woods reduced their price target on James River Group from $11.00 to $9.00 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.33.

James River Group Trading Down 0.3 %

NASDAQ:JRVR opened at $7.40 on Friday. The business’s 50-day simple moving average is $8.05 and its 200-day simple moving average is $8.75. James River Group Holdings, Ltd. has a fifty-two week low of $6.35 and a fifty-two week high of $19.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market capitalization of $279.75 million, a PE ratio of -3.54 and a beta of 0.19.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. James River Group had a negative net margin of 10.56% and a positive return on equity of 12.85%. The company had revenue of $201.13 million during the quarter, compared to analysts’ expectations of $172.26 million. During the same quarter in the prior year, the company earned $0.56 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Sell-side analysts expect that James River Group Holdings, Ltd. will post 1.75 earnings per share for the current fiscal year.

James River Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Monday, June 10th. James River Group’s dividend payout ratio is currently -9.57%.

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.