Charles Schwab Investment Management Inc. Has $1.85 Million Stake in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Charles Schwab Investment Management Inc. decreased its holdings in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 19.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 379,780 shares of the insurance provider’s stock after selling 91,728 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.00% of James River Group worth $1,850,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JRVR. RBF Capital LLC boosted its stake in shares of James River Group by 4.2% in the 3rd 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 last quarter. Quantinno Capital Management LP purchased a new position in James River Group during the third quarter valued at approximately $122,000. Jane Street Group LLC raised its position in shares of James River Group by 39.5% in the third quarter. Jane Street Group LLC now owns 90,838 shares of the insurance provider’s stock worth $570,000 after buying an additional 25,738 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of James River Group in the third quarter worth approximately $320,000. Finally, Barclays PLC raised its position in shares of James River Group by 288.2% during the 3rd quarter. Barclays PLC now owns 43,940 shares of the insurance provider’s stock valued at $275,000 after buying an additional 32,621 shares in the last quarter. 95.21% of the stock is owned by institutional investors.

James River Group Stock Down 2.5 %

Shares of JRVR stock opened at $4.25 on Friday. The company has a market capitalization of $193.99 million, a price-to-earnings ratio of -1.05 and a beta of 0.04. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. James River Group Holdings, Ltd. has a one year low of $3.00 and a one year high of $9.56. The company’s fifty day moving average price is $4.51 and its 200-day moving average price is $5.18.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings data on Monday, March 3rd. The insurance provider reported ($0.99) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.66). The business had revenue of $126.71 million during the quarter, compared to analysts’ expectations of $159.91 million. James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. During the same period in the previous year, the business earned $0.33 earnings per share. Sell-side analysts expect that James River Group Holdings, Ltd. will post -0.35 EPS for the current fiscal year.

James River Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Monday, March 10th. James River Group’s dividend payout ratio (DPR) is presently -1.38%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods reduced their price objective on James River Group from $6.00 to $5.00 and set a “market perform” rating on the stock in a research report on Thursday, March 13th. JMP Securities cut 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 report on Friday, December 20th. StockNews.com downgraded James River Group from a “hold” rating to a “sell” rating in a report on Wednesday. Citigroup reaffirmed a “hold” rating on shares of James River Group in a research report on Tuesday, March 11th. Finally, Truist Financial reduced their price objective on James River Group from $6.00 to $5.00 and set a “hold” rating for the company in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, James River Group presently has an average rating of “Hold” and a consensus price target of $6.06.

James River Group 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.