Texas Permanent School Fund Increases Stock Position in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Texas Permanent School Fund raised its position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVRGet Rating) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,068 shares of the insurance provider’s stock after buying an additional 630 shares during the quarter. Texas Permanent School Fund owned about 0.07% of James River Group worth $671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Yousif Capital Management LLC raised its position in shares of James River Group by 3.0% in the 1st quarter. Yousif Capital Management LLC now owns 34,965 shares of the insurance provider’s stock worth $865,000 after purchasing an additional 1,027 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of James River Group by 8.9% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 18,166 shares of the insurance provider’s stock worth $449,000 after purchasing an additional 1,485 shares during the last quarter. Diversified Trust Co raised its position in shares of James River Group by 17.6% in the 2nd quarter. Diversified Trust Co now owns 12,725 shares of the insurance provider’s stock worth $315,000 after purchasing an additional 1,900 shares during the last quarter. State of Tennessee Treasury Department raised its position in shares of James River Group by 17.9% in the 1st quarter. State of Tennessee Treasury Department now owns 13,757 shares of the insurance provider’s stock worth $340,000 after purchasing an additional 2,085 shares during the last quarter. Finally, Citigroup Inc. raised its position in shares of James River Group by 7.0% in the 1st quarter. Citigroup Inc. now owns 32,256 shares of the insurance provider’s stock worth $798,000 after purchasing an additional 2,113 shares during the last quarter. Hedge funds and other institutional investors own 99.58% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays lowered their price target on James River Group from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Friday, October 14th. Compass Point lowered James River Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $30.00 to $28.50 in a research report on Wednesday, November 2nd. Finally, StockNews.com upgraded James River Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $29.90.

Insider Buying and Selling at James River Group

In other news, Director Kirstin Gould purchased 3,000 shares of the business’s stock in a transaction on Friday, November 4th. The stock was acquired at an average cost of $23.05 per share, for a total transaction of $69,150.00. Following the purchase, the director now directly owns 9,589 shares in the company, valued at approximately $221,026.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.50% of the company’s stock.

James River Group Price Performance

NASDAQ JRVR opened at $24.12 on Tuesday. James River Group Holdings, Ltd. has a one year low of $19.76 and a one year high of $30.11. The stock has a 50-day moving average of $23.36 and a 200 day moving average of $23.94. The company has a market capitalization of $903.54 million, a price-to-earnings ratio of -15.17 and a beta of 0.37. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.59.

James River Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Monday, December 12th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, December 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.83%. James River Group’s dividend payout ratio is currently -12.58%.

About James River Group

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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.

See Also

Institutional Ownership by Quarter for James River Group (NASDAQ:JRVR)

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