Empowered Funds LLC Has $576,000 Position in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Empowered Funds LLC raised its holdings in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,194 shares of the insurance provider’s stock after purchasing an additional 5,553 shares during the quarter. Empowered Funds LLC owned approximately 0.31% of James River Group worth $576,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its stake in shares of James River Group by 41.6% during the 4th quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock worth $76,000 after buying an additional 4,586 shares during the last quarter. Perpetual Ltd lifted its position in James River Group by 7.2% during the fourth quarter. Perpetual Ltd now owns 150,135 shares of the insurance provider’s stock worth $731,000 after acquiring an additional 10,135 shares during the last quarter. JPMorgan Chase & Co. lifted its position in James River Group by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 195,791 shares of the insurance provider’s stock worth $1,228,000 after acquiring an additional 3,433 shares during the last quarter. Barclays PLC boosted its holdings in shares of James River Group by 288.2% during the third quarter. Barclays PLC now owns 43,940 shares of the insurance provider’s stock worth $275,000 after acquiring an additional 32,621 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of James River Group in the third quarter valued at approximately $320,000. 95.21% of the stock is owned by institutional investors.

James River Group Stock Up 1.7 %

NASDAQ JRVR opened at $4.85 on Wednesday. The company has a market cap of $183.48 million, a price-to-earnings ratio of -1.20 and a beta of 0.07. 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 current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average of $4.75 and a 200-day moving average of $5.74.

James River Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.82%. James River Group’s payout ratio is -0.99%.

Analyst Ratings Changes

Separately, JMP Securities decreased their price objective on James River Group from $11.00 to $8.00 and set a “market outperform” rating on the stock in a report on Friday, December 20th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, James River Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.40.

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.