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

Jane Street Group LLC boosted its stake in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 39.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,838 shares of the insurance provider’s stock after buying an additional 25,738 shares during the quarter. Jane Street Group LLC owned 0.24% of James River Group worth $570,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Quantinno Capital Management LP purchased a new position in James River Group during the third quarter worth about $122,000. RBF Capital LLC boosted its stake in James River Group by 4.2% during the third quarter. RBF Capital LLC now owns 1,073,828 shares of the insurance provider’s stock worth $6,733,000 after buying an additional 42,946 shares during the period. BBR Partners LLC purchased a new position in James River Group during the third quarter worth about $219,000. Thompson Siegel & Walmsley LLC lifted its position 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 worth $878,000 after purchasing an additional 35,000 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of James River Group by 5.3% during the third quarter. Empowered Funds LLC now owns 112,641 shares of the insurance provider’s stock worth $706,000 after purchasing an additional 5,628 shares in the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities reduced their price target on shares of James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, James River Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.40.

James River Group Stock Up 0.4 %

Shares of JRVR opened at $4.88 on Friday. The stock has a market capitalization of $184.61 million, a PE ratio of -1.20 and a beta of 0.06. James River Group Holdings, Ltd. has a 1 year low of $4.35 and a 1 year high of $11.49. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.65 and a current ratio of 0.65. The company’s 50-day simple moving average is $5.04 and its 200-day simple moving average is $6.44.

James River Group (NASDAQ:JRVR) last issued its earnings results on Monday, November 11th. The insurance provider reported ($0.74) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.89). The firm had revenue of $191.50 million during the quarter, compared to analyst estimates of $137.28 million. James River Group had a negative net margin of 20.84% and a positive return on equity of 3.90%. The firm’s revenue was down 8.9% compared to the same quarter last year. During the same period last year, the business earned $0.48 EPS. Analysts forecast that James River Group Holdings, Ltd. will post -0.35 earnings per share for the current fiscal year.

James River Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.01 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.04 annualized dividend and a yield of 0.82%. James River Group’s dividend payout ratio (DPR) 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.