SG Americas Securities LLC Increases Position in James River Group Holdings, Ltd. (NASDAQ:JRVR)

SG Americas Securities LLC boosted its position in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 41.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,616 shares of the insurance provider’s stock after purchasing an additional 4,586 shares during the period. SG Americas Securities LLC’s holdings in James River Group were worth $76,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Quantinno Capital Management LP bought a new stake in James River Group during the 3rd quarter valued at $122,000. Wealth Enhancement Advisory Services LLC bought a new position in James River Group in the third quarter valued at $157,000. BBR Partners LLC bought a new position in James River Group in the third quarter valued at $219,000. CWM LLC increased its stake in James River Group by 40.7% in the third quarter. CWM LLC now owns 38,890 shares of the insurance provider’s stock valued at $244,000 after acquiring an additional 11,254 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in James River Group by 36.0% in the third quarter. Los Angeles Capital Management LLC now owns 41,976 shares of the insurance provider’s stock valued at $263,000 after acquiring an additional 11,106 shares during the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities cut their price target on shares of James River Group from $11.00 to $8.00 and set a “market outperform” rating for the company in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.40.

James River Group Price Performance

JRVR stock opened at $4.73 on Friday. 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 market cap of $178.94 million, a P/E ratio of -1.17 and a beta of 0.07. The firm has a 50-day moving average of $4.75 and a 200 day moving average of $5.85. 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 (NASDAQ:JRVR) last announced its earnings results on Monday, November 11th. The insurance provider reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $137.28 million. During the same period in the prior year, the business posted $0.48 EPS. James River Group’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, sell-side analysts forecast that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Monday, December 16th. James River Group’s dividend payout ratio is -0.99%.

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.