James River Group Holdings, Ltd. (NASDAQ:JRVR) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its stake in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 19.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,071 shares of the insurance provider’s stock after selling 8,487 shares during the quarter. Squarepoint Ops LLC owned about 0.10% of James River Group worth $176,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of JRVR. Aquatic Capital Management LLC acquired a new position in James River Group in the fourth quarter valued at about $41,000. ProShare Advisors LLC acquired a new position in James River Group in the fourth quarter valued at about $51,000. Quantbot Technologies LP lifted its position in James River Group by 24.8% in the fourth quarter. Quantbot Technologies LP now owns 12,556 shares of the insurance provider’s stock valued at $61,000 after buying an additional 2,498 shares during the last quarter. Intech Investment Management LLC acquired a new position in James River Group in the fourth quarter valued at about $68,000. Finally, SG Americas Securities LLC lifted its position in James River Group by 41.6% in the fourth quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider’s stock valued at $76,000 after buying an additional 4,586 shares during the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.

James River Group Stock Performance

Shares of JRVR opened at $5.93 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.38. The firm has a market cap of $272.15 million, a PE ratio of -1.46 and a beta of 0.08. The company’s 50 day simple moving average is $4.82 and its 200-day simple moving average is $4.66. James River Group Holdings, Ltd. has a 12-month low of $3.00 and a 12-month high of $8.99.

James River Group (NASDAQ:JRVR) last announced its earnings results on Monday, May 5th. The insurance provider reported $0.19 earnings per share (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 business had revenue of $172.29 million for the quarter, compared to analysts’ expectations of $184.15 million. As a group, equities analysts predict that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Dividend Announcement

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

Analysts Set New Price Targets

JRVR has been the topic of several research reports. Keefe, Bruyette & Woods reduced their price target on shares of James River Group from $6.00 to $5.00 and set a “market perform” rating on the stock in a research report on Thursday, March 13th. Compass Point reduced their price target on shares of James River Group from $7.75 to $6.25 and set a “buy” rating on the stock in a research report on Monday, March 10th. Wall Street Zen raised shares of James River Group from a “sell” rating to a “hold” rating in a research report on Friday. Citigroup reissued a “hold” rating on shares of James River Group in a research report on Tuesday, March 11th. Finally, Truist Financial reduced their target price on shares of James River Group from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, James River Group presently has a consensus rating of “Hold” and a consensus target price of $6.06.

Insider Activity at James River Group

In related news, Director Peter B. Migliorato bought 18,500 shares of the firm’s stock in a transaction on Tuesday, May 20th. The shares were bought at an average cost of $5.46 per share, for a total transaction of $101,010.00. Following the transaction, the director now owns 39,201 shares of the company’s stock, valued at approximately $214,037.46. This trade represents a 89.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Todd Randell Sutherland bought 17,000 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were acquired at an average price of $5.87 per share, with a total value of $99,790.00. Following the transaction, the insider now owns 24,457 shares of the company’s stock, valued at $143,562.59. The trade was a 227.97% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 64,625 shares of company stock worth $353,124 over the last 90 days. Company insiders own 16.50% of the company’s stock.

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.