Cwm LLC Increases Stock Position in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Cwm LLC lifted its holdings in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 40.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,890 shares of the insurance provider’s stock after acquiring an additional 11,254 shares during the period. Cwm LLC owned 0.10% of James River Group worth $244,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of James River Group by 22.9% during the first quarter. Vanguard Group Inc. now owns 2,579,287 shares of the insurance provider’s stock worth $23,987,000 after acquiring an additional 479,823 shares during the last quarter. American Century Companies Inc. grew its position in James River Group by 232.2% in the 2nd quarter. American Century Companies Inc. now owns 171,529 shares of the insurance provider’s stock valued at $1,326,000 after buying an additional 119,901 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in James River Group by 143.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 512,968 shares of the insurance provider’s stock valued at $4,771,000 after buying an additional 302,257 shares during the last quarter. AQR Capital Management LLC grew its position in James River Group by 2,512.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,377,017 shares of the insurance provider’s stock valued at $10,644,000 after buying an additional 1,324,309 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in James River Group by 24,641.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,247 shares of the insurance provider’s stock valued at $225,000 after buying an additional 24,149 shares during the last quarter. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

James River Group Trading Down 0.4 %

James River Group stock opened at $6.91 on Wednesday. The stock has a market cap of $261.38 million, a PE ratio of -3.31 and a beta of 0.16. The stock has a 50-day moving average price of $6.79 and a 200 day moving average price of $7.59. James River Group Holdings, Ltd. has a 52 week low of $6.12 and a 52 week high of $15.02. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.37.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings data on Monday, August 5th. The insurance provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). The company had revenue of $188.30 million for the quarter, compared to analysts’ expectations of $169.39 million. James River Group had a positive return on equity of 11.66% and a negative net margin of 12.79%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 EPS. Equities research analysts predict that James River Group Holdings, Ltd. will post 1.85 earnings per share for the current fiscal 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 issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.89%. The ex-dividend date was Monday, September 16th. James River Group’s dividend payout ratio (DPR) is -9.57%.

Wall Street Analyst Weigh In

A number of research firms have commented on JRVR. Compass Point reduced their target price on James River Group from $12.50 to $12.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Truist Financial reduced their target price on James River Group from $9.00 to $8.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Finally, JMP Securities reduced their target price on 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.17.

About James River Group

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.