New York State Teachers Retirement System Has $34,000 Position in James River Group Holdings, Ltd. (NASDAQ:JRVR)

New York State Teachers Retirement System lowered its position in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 83.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,636 shares of the insurance provider’s stock after selling 18,560 shares during the period. New York State Teachers Retirement System’s holdings in James River Group were worth $34,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. grew its holdings in James River Group by 163.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,380,574 shares of the insurance provider’s stock valued at $34,155,000 after purchasing an additional 857,178 shares during the last quarter. Wellington Management Group LLP grew its holdings in James River Group by 41.9% during the first quarter. Wellington Management Group LLP now owns 934,787 shares of the insurance provider’s stock valued at $23,126,000 after purchasing an additional 275,981 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in James River Group by 8.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,583,161 shares of the insurance provider’s stock valued at $74,924,000 after purchasing an additional 274,337 shares during the last quarter. AQR Capital Management LLC grew its holdings in James River Group by 415.9% during the third quarter. AQR Capital Management LLC now owns 336,920 shares of the insurance provider’s stock valued at $5,172,000 after purchasing an additional 271,613 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in James River Group by 1,833.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 271,682 shares of the insurance provider’s stock valued at $5,681,000 after purchasing an additional 257,630 shares during the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Compass Point upgraded James River Group from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Friday, March 22nd. Keefe, Bruyette & Woods lowered their price target on James River Group from $11.00 to $9.00 and set a “market perform” rating on the stock in a report on Thursday, March 7th. JMP Securities restated a “market outperform” rating and issued a $15.00 price objective on shares of James River Group in a research note on Monday, April 15th. UBS Group lowered their price objective on shares of James River Group from $34.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 5th. Finally, Truist Financial lowered their price objective on shares of James River Group from $15.00 to $11.00 and set a “hold” rating on the stock in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, James River Group has a consensus rating of “Hold” and an average target price of $12.33.

James River Group Trading Up 1.4 %

Shares of James River Group stock opened at $9.34 on Friday. The company has a market cap of $351.74 million, a price-to-earnings ratio of -4.13 and a beta of 0.18. James River Group Holdings, Ltd. has a 1 year low of $6.35 and a 1 year high of $22.15. The company’s fifty day simple moving average is $9.18 and its 200-day simple moving average is $10.11. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.42.

James River Group (NASDAQ:JRVR) last issued its earnings results on Wednesday, February 28th. The insurance provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.10). The firm had revenue of $218.10 million during the quarter, compared to the consensus estimate of $216.80 million. James River Group had a positive return on equity of 13.75% and a negative net margin of 10.80%. As a group, sell-side analysts expect that James River Group Holdings, Ltd. will post 1.75 EPS for the current year.

James River Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 11th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.20 annualized dividend and a yield of 2.14%. James River Group’s dividend payout ratio (DPR) is currently -8.85%.

About James River Group

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.