James River Group Holdings, Ltd. (NASDAQ:JRVR) Position Lessened by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its stake in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 30.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,219 shares of the insurance provider’s stock after selling 7,646 shares during the quarter. BNP Paribas Financial Markets’ holdings in James River Group were worth $108,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Thompson Siegel & Walmsley LLC boosted its holdings in shares of James River Group by 33.3% during the third quarter. Thompson Siegel & Walmsley LLC now owns 140,000 shares of the insurance provider’s stock valued at $878,000 after acquiring an additional 35,000 shares during the period. Empowered Funds LLC boosted its stake in James River Group by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 112,641 shares of the insurance provider’s stock valued at $706,000 after purchasing an additional 5,628 shares during the period. Los Angeles Capital Management LLC boosted its stake in James River Group by 36.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 41,976 shares of the insurance provider’s stock valued at $263,000 after purchasing an additional 11,106 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in James River Group in the 3rd quarter worth about $157,000. Finally, Perpetual Ltd increased its stake in shares of James River Group by 33.3% in the third quarter. Perpetual Ltd now owns 140,000 shares of the insurance provider’s stock valued at $878,000 after purchasing an additional 35,000 shares during the period. 95.21% of the stock is currently owned by institutional investors.

James River Group Stock Performance

JRVR opened at $4.42 on Thursday. James River Group Holdings, Ltd. has a twelve month low of $4.35 and a twelve month high of $11.49. The stock has a market cap of $167.20 million, a PE ratio of -1.09 and a beta of 0.09. The business’s 50 day moving average is $5.54 and its 200-day moving average is $6.70. 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 (NASDAQ:JRVR) last announced its quarterly earnings results on Monday, November 11th. The insurance provider reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.89). 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 $191.50 million for the quarter, compared to analyst estimates of $137.28 million. During the same quarter last year, the firm posted $0.48 EPS. The company’s revenue was down 8.9% compared to the same quarter last year. On average, analysts predict that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current year.

James River Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.04 annualized dividend and a yield of 0.90%. James River Group’s payout ratio is -0.99%.

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.