Algert Global LLC Decreases Holdings in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Algert Global LLC decreased its position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 24.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,285 shares of the insurance provider’s stock after selling 35,670 shares during the period. Algert Global LLC owned 0.29% of James River Group worth $860,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in James River Group by 2,512.5% during the second quarter. AQR Capital Management LLC now owns 1,377,017 shares of the insurance provider’s stock valued at $10,644,000 after acquiring an additional 1,324,309 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of James River Group by 72.7% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 40,843 shares of the insurance provider’s stock worth $316,000 after buying an additional 17,187 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of James River Group by 7.9% in the second quarter. Cubist Systematic Strategies LLC now owns 275,519 shares of the insurance provider’s stock worth $2,130,000 after buying an additional 20,085 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of James River Group by 39.2% in the second quarter. Marshall Wace LLP now owns 469,963 shares of the insurance provider’s stock worth $3,633,000 after buying an additional 132,300 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in shares of James River Group in the second quarter worth $83,000. Hedge funds and other institutional investors own 95.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Truist Financial decreased their price target on shares of James River Group from $9.00 to $8.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. JMP Securities decreased their price target on shares of James River Group from $14.00 to $11.00 and set a “market outperform” rating for the company in a report on Tuesday, August 6th. Finally, Compass Point decreased their price target on shares of James River Group from $12.50 to $12.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.17.

James River Group Trading Up 5.4 %

Shares of James River Group stock opened at $6.59 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a fifty day moving average price of $7.06 and a 200 day moving average price of $7.78. James River Group Holdings, Ltd. has a 1 year low of $6.12 and a 1 year high of $15.47. The stock has a market cap of $249.27 million, a PE ratio of -3.15 and a beta of 0.16.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Monday, August 5th. The insurance provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.09). James River Group had a negative net margin of 12.79% and a positive return on equity of 11.66%. The firm had revenue of $188.30 million for the quarter, compared to analyst estimates of $169.39 million. During the same quarter in the prior year, the business posted $0.53 EPS. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. Equities research analysts predict that James River Group Holdings, Ltd. will post 1.85 earnings per share for the current year.

James River Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.20 dividend on an annualized basis and a yield of 3.03%. James River Group’s dividend payout ratio is currently -9.57%.

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.