James River Group Holdings, Ltd. (NASDAQ:JRVR) Shares Acquired by Barclays PLC

Barclays PLC grew its stake in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 6.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,075 shares of the insurance provider’s stock after buying an additional 1,143 shares during the quarter. Barclays PLC owned 0.05% of James River Group worth $394,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of James River Group by 4.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,924 shares of the insurance provider’s stock valued at $291,000 after buying an additional 548 shares during the period. Yousif Capital Management LLC increased its stake 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 valued at $865,000 after purchasing an additional 1,027 shares in the last quarter. Credit Suisse AG increased its stake in shares of James River Group by 2.1% in the 4th quarter. Credit Suisse AG now owns 50,464 shares of the insurance provider’s stock valued at $1,055,000 after purchasing an additional 1,049 shares in the last quarter. Point72 Hong Kong Ltd increased its stake in shares of James River Group by 218.7% in the 2nd 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. Finally, BNP Paribas Arbitrage SA increased its stake in shares of James River Group by 10.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,841 shares of the insurance provider’s stock valued at $318,000 after purchasing an additional 1,221 shares in the last quarter. Institutional investors and hedge funds own 94.72% of the company’s stock.

James River Group Price Performance

NASDAQ:JRVR opened at $14.76 on Wednesday. James River Group Holdings, Ltd. has a 12 month low of $14.55 and a 12 month high of $26.60. The stock has a 50 day moving average of $17.41 and a two-hundred day moving average of $19.67. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.37. The firm has a market cap of $555.27 million, a P/E ratio of 15.87 and a beta of 0.36.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings results on Monday, August 7th. The insurance provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. The business had revenue of $238.44 million during the quarter, compared to analyst estimates of $204.35 million. James River Group had a return on equity of 14.65% and a net margin of 4.57%. The business’s revenue was up 29.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. On average, analysts expect that James River Group Holdings, Ltd. will post 2.11 earnings per share for the current fiscal year.

James River Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 11th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.36%. James River Group’s dividend payout ratio (DPR) is presently 21.51%.

Wall Street Analysts Forecast Growth

JRVR has been the subject of several recent analyst reports. Barclays cut their price target on James River Group from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 9th. StockNews.com upgraded James River Group from a “hold” rating to a “buy” rating in a research note on Wednesday.

James River Group Profile

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 in all states and the District of Columbia.