James River Group Holdings, Ltd. (NASDAQ:JRVR) Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 195,791 shares of the insurance provider’s stock after acquiring an additional 3,433 shares during the period. JPMorgan Chase & Co. owned 0.52% of James River Group worth $1,228,000 as of its most recent filing with the Securities and Exchange Commission.

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

James River Group Stock Performance

Shares of JRVR stock opened at $4.90 on Friday. The firm has a market cap of $185.36 million, a P/E ratio of -1.21 and a beta of 0.06. 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 fifty-two week low of $4.35 and a fifty-two week high of $11.49. The stock’s 50-day moving average is $4.68 and its two-hundred day moving average is $6.17.

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

James River Group Cuts Dividend

The business 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 currently -0.99%.

Analyst Ratings Changes

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