Barclays PLC Boosts Stock Position in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Barclays PLC grew its holdings in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 288.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,940 shares of the insurance provider’s stock after buying an additional 32,621 shares during the quarter. Barclays PLC owned 0.12% of James River Group worth $275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of James River Group in the third quarter valued at approximately $320,000. Jane Street Group LLC increased its position in shares of James River Group by 39.5% during the third quarter. Jane Street Group LLC now owns 90,838 shares of the insurance provider’s stock worth $570,000 after purchasing an additional 25,738 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in shares of James River Group during the third quarter worth approximately $122,000. RBF Capital LLC increased its position in shares of 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 purchasing an additional 42,946 shares in the last quarter. Finally, BBR Partners LLC acquired a new position in James River Group during the third quarter worth $219,000. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JMP Securities lowered their price objective on James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a research note on Friday, December 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.40.

James River Group Stock Performance

NASDAQ JRVR opened at $4.88 on Monday. The stock’s fifty day moving average is $5.04 and its two-hundred day moving average is $6.43. The firm has a market capitalization of $184.61 million, a P/E ratio of -1.20 and a beta of 0.06. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.65 and a current ratio of 0.65. James River Group Holdings, Ltd. has a fifty-two week low of $4.35 and a fifty-two week high of $11.49.

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

James River Group Cuts Dividend

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