James River Group Holdings, Ltd. (JRVR) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its stake in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 12.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,960 shares of the insurance provider’s stock after purchasing an additional 2,604 shares during the quarter. Rhumbline Advisers owned approximately 0.08% of James River Group worth $952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in JRVR. Teachers Advisors LLC raised its holdings in James River Group by 27.2% during the first quarter. Teachers Advisors LLC now owns 29,110 shares of the insurance provider’s stock worth $1,248,000 after purchasing an additional 6,228 shares in the last quarter. Vanguard Group Inc. raised its holdings in James River Group by 8.7% during the first quarter. Vanguard Group Inc. now owns 703,798 shares of the insurance provider’s stock worth $30,165,000 after purchasing an additional 56,238 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in James River Group by 35.0% during the first quarter. Dimensional Fund Advisors LP now owns 266,973 shares of the insurance provider’s stock worth $11,442,000 after purchasing an additional 69,274 shares in the last quarter. Bank of America Corp DE raised its holdings in James River Group by 54.6% during the first quarter. Bank of America Corp DE now owns 29,957 shares of the insurance provider’s stock worth $1,283,000 after purchasing an additional 10,574 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in James River Group by 30.2% during the first quarter. Goldman Sachs Group Inc. now owns 18,661 shares of the insurance provider’s stock worth $800,000 after purchasing an additional 4,328 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors.

In other news, Director David Zwillinger sold 2,600,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $38.10, for a total transaction of $99,060,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman J Adam Abram sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $38.10, for a total transaction of $15,240,000.00. Following the transaction, the chairman now owns 368,247 shares in the company, valued at $14,030,210.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,450,000 shares of company stock worth $131,445,000. Insiders own 41.00% of the company’s stock.

James River Group Holdings, Ltd. (NASDAQ:JRVR) opened at $40.51 on Thursday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1,180.03, a P/E ratio of 18.11 and a beta of 0.50. James River Group Holdings, Ltd. has a 1 year low of $37.24 and a 1 year high of $46.20.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Friday, December 15th will be given a dividend of $0.80 per share. The ex-dividend date is Thursday, December 14th. This is a positive change from James River Group’s previous quarterly dividend of $0.30. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.90%. James River Group’s dividend payout ratio (DPR) is 52.63%.

A number of analysts have weighed in on the stock. BidaskClub cut shares of James River Group from a “hold” rating to a “sell” rating in a report on Tuesday. B. Riley reissued a “buy” rating and set a $47.00 price objective on shares of James River Group in a report on Tuesday, November 14th. Zacks Investment Research cut shares of James River Group from a “hold” rating to a “sell” rating in a report on Friday, October 20th. JMP Securities initiated coverage on shares of James River Group in a report on Tuesday, October 17th. They set an “outperform” rating and a $47.00 price objective on the stock. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $42.00 target price on shares of James River Group in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $47.00.

TRADEMARK VIOLATION NOTICE: “James River Group Holdings, Ltd. (JRVR) Shares Bought by Rhumbline Advisers” was first posted by Week Herald and is the property of of Week Herald. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of U.S. & international copyright legislation. The original version of this piece can be viewed at https://weekherald.com/2017/12/14/james-river-group-holdings-ltd-jrvr-shares-bought-by-rhumbline-advisers.html.

James River Group Profile

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.

Want to see what other hedge funds are holding JRVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for James River Group Holdings, Ltd. (NASDAQ:JRVR).

Institutional Ownership by Quarter for James River Group (NASDAQ:JRVR)

Receive News & Ratings for James River Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for James River Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply