Louisiana State Employees Retirement System Makes New Investment in James River Group Holdings, Ltd. (NASDAQ:JRVR)

Louisiana State Employees Retirement System bought a new position in James River Group Holdings, Ltd. (NASDAQ:JRVRGet Rating) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 17,900 shares of the insurance provider’s stock, valued at approximately $408,000.

A number of other large investors have also bought and sold shares of JRVR. SeaCrest Wealth Management LLC purchased a new stake in James River Group in the second quarter worth $25,000. Point72 Hong Kong Ltd grew its position in shares of James River Group by 218.7% in the second quarter. Point72 Hong Kong Ltd now owns 1,654 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 1,135 shares in the last quarter. Captrust Financial Advisors grew its position in shares of James River Group by 326.0% in the second quarter. Captrust Financial Advisors now owns 1,968 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 1,506 shares in the last quarter. KBC Group NV purchased a new position in shares of James River Group in the second quarter valued at $79,000. Finally, Mutual of America Capital Management LLC grew its position in shares of James River Group by 17.0% in the second quarter. Mutual of America Capital Management LLC now owns 6,289 shares of the insurance provider’s stock valued at $156,000 after purchasing an additional 915 shares in the last quarter. 99.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Compass Point cut James River Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $30.00 to $28.50 in a research report on Wednesday, November 2nd. Barclays reduced 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. Finally, StockNews.com raised James River Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.90.

James River Group Price Performance

NASDAQ:JRVR opened at $21.60 on Wednesday. The firm has a market capitalization of $809.14 million, a price-to-earnings ratio of -13.58 and a beta of 0.40. James River Group Holdings, Ltd. has a 52-week low of $19.76 and a 52-week high of $29.52. The stock has a fifty day moving average of $22.69 and a 200 day moving average of $23.35. 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 (NASDAQ:JRVRGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The insurance provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $201.23 million during the quarter, compared to analysts’ expectations of $203.00 million. James River Group had a negative return on equity of 2.76% and a negative net margin of 7.33%. On average, research analysts expect that James River Group Holdings, Ltd. will post 1.8 EPS for the current fiscal year.

James River Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Monday, December 12th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Friday, December 9th. James River Group’s dividend payout ratio (DPR) is presently -12.58%.

Insider Transactions at James River Group

In other James River Group news, Director Kirstin Gould acquired 3,000 shares of the stock in a transaction dated Friday, November 4th. The stock was purchased at an average cost of $23.05 per share, for a total transaction of $69,150.00. Following the acquisition, the director now owns 9,589 shares in the company, valued at approximately $221,026.45. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

James River Group 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.

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

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