Diversified Trust Co increased its position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR – Get Rating) by 17.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,725 shares of the insurance provider's stock after acquiring an additional 1,900 shares during the quarter. Diversified Trust Co's holdings in James River Group were worth $315,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Blueshift Asset Management LLC acquired a new position in James River Group in the 1st quarter valued at approximately $207,000. Teacher Retirement System of Texas increased its stake in James River Group by 26.0% in the 4th quarter. Teacher Retirement System of Texas now owns 7,370 shares of the insurance provider's stock valued at $212,000 after buying an additional 1,521 shares during the period. Ergoteles LLC acquired a new position in James River Group in the 1st quarter valued at approximately $214,000. Jane Street Group LLC acquired a new position in James River Group in the 1st quarter valued at approximately $267,000. Finally, Quantbot Technologies LP increased its stake in James River Group by 425.5% in the 1st quarter. Quantbot Technologies LP now owns 13,421 shares of the insurance provider's stock valued at $332,000 after buying an additional 10,867 shares during the period. Institutional investors and hedge funds own 99.58% of the company's stock.
Get James River Group alerts:James River Group Stock Performance
JRVR stock opened at $23.55 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $881.95 million, a price-to-earnings ratio of -11.54 and a beta of 0.34. James River Group Holdings, Ltd. has a 12 month low of $19.76 and a 12 month high of $39.60. The firm has a 50 day moving average of $24.05 and a two-hundred day moving average of $23.94.
James River Group (NASDAQ:JRVR – Get Rating) last posted its quarterly earnings data on Monday, August 1st. The insurance provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $184.81 million during the quarter, compared to the consensus estimate of $200.07 million. James River Group had a negative net margin of 9.55% and a negative return on equity of 8.56%. James River Group's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. As a group, equities analysts anticipate that James River Group Holdings, Ltd. will post 1.95 EPS for the current fiscal year.James River Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Monday, September 12th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, September 9th. James River Group's dividend payout ratio is currently -9.80%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Barclays upped their price objective on shares of James River Group from $24.00 to $25.00 and gave the company a "maintains" rating in a research note on Thursday, August 4th. StockNews.com upgraded shares of James River Group from a "sell" rating to a "hold" rating in a research note on Sunday, September 18th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $31.40.
James River Group Company Profile
(Get Rating)
James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. It operates through Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia.
Featured Stories
- Get a free copy of the StockNews.com research report on James River Group (JRVR)
- MarketBeat: Week in Review 9/19 – 9/23
- Why Does Tesla Stock Remain Resilient?
- 2 Semiconductor Stocks To Watch For Reversals
- Are Layoffs At A Small-Cap Tech A Bellwether For Housing Stocks?
- Is Costco's Post-Earnings Price Weakness A Good Time To Buy?
Want to see what other hedge funds are holding JRVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for James River Group Holdings, Ltd. (NASDAQ:JRVR – Get Rating).
Receive News & Ratings for James River Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for James River Group and related companies with MarketBeat.com's FREE daily email newsletter.