J Adam Abram Sells 400,000 Shares of James River Group Holdings, Ltd. (JRVR) Stock

James River Group Holdings, Ltd. (NASDAQ:JRVR) Chairman J Adam Abram sold 400,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $38.10, for a total value of $15,240,000.00. Following the transaction, the chairman now owns 368,247 shares of the company’s stock, valued at $14,030,210.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

James River Group Holdings, Ltd. (NASDAQ:JRVR) opened at $38.24 on Wednesday. James River Group Holdings, Ltd. has a twelve month low of $37.28 and a twelve month high of $46.20. The company has a market capitalization of $1,139.75, a PE ratio of 17.50 and a beta of 0.56. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.12.

James River Group Holdings (NASDAQ:JRVR) last announced its earnings results on Wednesday, November 1st. The insurance provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. James River Group Holdings had a return on equity of 9.36% and a net margin of 8.98%. The company had revenue of $220.87 million during the quarter, compared to analysts’ expectations of $198.67 million. During the same period last year, the business posted $0.72 EPS. James River Group Holdings’s revenue for the quarter was up 45.9% on a year-over-year basis. equities analysts anticipate that James River Group Holdings, Ltd. will post 2.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Friday, December 15th will be given a $0.80 dividend. The ex-dividend date is Thursday, December 14th. This represents a $3.20 dividend on an annualized basis and a yield of 8.37%. This is a positive change from James River Group Holdings’s previous quarterly dividend of $0.30. James River Group Holdings’s dividend payout ratio (DPR) is currently 52.63%.

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JRVR has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $42.00 price target on shares of James River Group Holdings in a report on Thursday, September 21st. Zacks Investment Research upgraded James River Group Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. JMP Securities began coverage on James River Group Holdings in a report on Tuesday, October 17th. They set an “outperform” rating and a $47.00 target price for the company. ValuEngine cut James River Group Holdings from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, B. Riley restated a “buy” rating on shares of James River Group Holdings in a report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $47.00.

A number of hedge funds have recently bought and sold shares of the business. Granahan Investment Management Inc. MA raised its position in James River Group Holdings by 24.4% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 168,328 shares of the insurance provider’s stock valued at $6,982,000 after purchasing an additional 32,985 shares in the last quarter. California State Teachers Retirement System raised its position in James River Group Holdings by 12.8% in the 3rd quarter. California State Teachers Retirement System now owns 36,025 shares of the insurance provider’s stock valued at $1,494,000 after purchasing an additional 4,100 shares in the last quarter. Dimensional Fund Advisors LP raised its position in James River Group Holdings by 44.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 481,318 shares of the insurance provider’s stock valued at $19,966,000 after purchasing an additional 148,301 shares in the last quarter. Eagle Asset Management Inc. raised its position in James River Group Holdings by 2.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 578,584 shares of the insurance provider’s stock valued at $24,207,000 after purchasing an additional 13,280 shares in the last quarter. Finally, ETRADE Capital Management LLC raised its position in James River Group Holdings by 52.5% in the 3rd quarter. ETRADE Capital Management LLC now owns 34,910 shares of the insurance provider’s stock valued at $1,448,000 after purchasing an additional 12,025 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

About James River Group Holdings

James River Group Holdings, Ltd. (JRG Holdings) is an insurance and reinsurance holding company. The Company operates through four segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. The Excess and Surplus Lines segment offers commercial excess and surplus lines liability and excess property insurance products.

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