Barclays PLC Has $275,000 Holdings in James River Group Holdings, Ltd. (NASDAQ:JRVR)

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

Several other hedge funds have also modified their holdings of the stock. Sei Investments Co. bought a new position in James River Group in the 2nd quarter worth approximately $83,000. SG Americas Securities LLC bought a new stake in shares of James River Group during the third quarter worth $69,000. Quantinno Capital Management LP bought a new stake in shares of James River Group during the third quarter worth $122,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of James River Group during the third quarter valued at $157,000. Finally, BBR Partners LLC bought a new stake in James River Group during the 3rd quarter worth about $219,000. 95.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, JMP Securities reduced their target price on shares of 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.40.

James River Group Stock Up 0.4 %

Shares of James River Group stock opened at $4.79 on Tuesday. The business has a fifty day simple moving average of $4.67 and a 200 day simple moving average of $6.22. The stock has a market cap of $181.20 million, a PE ratio of -1.18 and a beta of 0.06. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.38. James River Group Holdings, Ltd. has a 12 month low of $4.35 and a 12 month high of $11.49.

James River Group (NASDAQ:JRVR) last posted its earnings results on Monday, November 11th. The insurance provider reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $191.50 million for the quarter, compared to analyst estimates of $137.28 million. During the same quarter in the previous year, the firm posted $0.48 earnings per share. James River Group’s quarterly revenue was down 8.9% compared to the same quarter last year. Research analysts predict that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Monday, December 16th. James River Group’s dividend payout ratio (DPR) is -0.99%.

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.