James River Group Holdings, Ltd. (NASDAQ:JRVR) Holdings Decreased by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its stake in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 48.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 238,676 shares of the insurance provider’s stock after selling 222,104 shares during the quarter. Ameriprise Financial Inc. owned about 0.63% of James River Group worth $1,162,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JRVR. SG Americas Securities LLC boosted its stake in James River Group by 41.6% during the 4th quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 4,586 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of James River Group by 4.9% in the fourth quarter. Empowered Funds LLC now owns 118,194 shares of the insurance provider’s stock valued at $576,000 after buying an additional 5,553 shares during the period. Rhumbline Advisers boosted its stake in James River Group by 4.1% during the fourth quarter. Rhumbline Advisers now owns 55,967 shares of the insurance provider’s stock valued at $273,000 after buying an additional 2,179 shares in the last quarter. Ieq Capital LLC bought a new position in James River Group during the fourth quarter valued at about $197,000. Finally, Raymond James Financial Inc. acquired a new position in James River Group during the fourth quarter worth about $84,000. Institutional investors own 95.21% of the company’s stock.

James River Group Stock Performance

James River Group stock opened at $5.93 on Monday. James River Group Holdings, Ltd. has a fifty-two week low of $3.00 and a fifty-two week high of $8.99. The firm’s 50 day simple moving average is $4.66 and its 200-day simple moving average is $4.62. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $272.15 million, a P/E ratio of -1.46 and a beta of 0.02.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings data on Monday, May 5th. The insurance provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The firm had revenue of $172.29 million during the quarter, compared to analyst estimates of $184.15 million. As a group, equities research analysts predict that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.67%. The ex-dividend date is Monday, June 9th. James River Group’s payout ratio is -1.29%.

Insider Activity at James River Group

In related news, Director Christine Lasala bought 29,125 shares of the firm’s stock in a transaction on Monday, May 19th. The stock was bought at an average price of $5.23 per share, with a total value of $152,323.75. Following the purchase, the director now directly owns 60,758 shares of the company’s stock, valued at approximately $317,764.34. This represents a 92.07% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Peter B. Migliorato purchased 18,500 shares of the stock in a transaction dated Tuesday, May 20th. The shares were bought at an average price of $5.46 per share, for a total transaction of $101,010.00. Following the completion of the acquisition, the director now owns 39,201 shares in the company, valued at $214,037.46. This represents a 89.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. 16.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on JRVR shares. Citigroup reissued a “hold” rating on shares of James River Group in a report on Tuesday, March 11th. Compass Point dropped their target price on shares of James River Group from $7.75 to $6.25 and set a “buy” rating on the stock in a report on Monday, March 10th. Truist Financial reduced their target price on shares of James River Group from $6.00 to $5.00 and set a “hold” rating for the company in a report on Tuesday, March 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $8.00 price target on shares of James River Group in a report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods cut their price objective on James River Group from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $6.06.

James River Group Profile

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.