Teachers Retirement System of The State of Kentucky maintained its stake in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,920 shares of the insurance provider’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky owned about 0.14% of James River Group Holdings worth $1,754,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in shares of James River Group Holdings during the fourth quarter worth approximately $1,024,000. State Street Corp boosted its stake in shares of James River Group Holdings by 11.6% in the fourth quarter. State Street Corp now owns 255,168 shares of the insurance provider’s stock worth $10,602,000 after buying an additional 26,549 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of James River Group Holdings by 118.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 197,699 shares of the insurance provider’s stock worth $8,214,000 after buying an additional 107,153 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of James River Group Holdings by 17.9% in the fourth quarter. Renaissance Technologies LLC now owns 118,400 shares of the insurance provider’s stock worth $4,920,000 after buying an additional 18,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of James River Group Holdings by 236.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 21,301 shares of the insurance provider’s stock worth $884,000 after buying an additional 14,974 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

James River Group Holdings, Ltd. (JRVR) traded up 0.23% during trading on Thursday, reaching $40.00. 92,319 shares of the company traded hands. The company has a market capitalization of $1.18 billion, a P/E ratio of 14.98 and a beta of 0.55. The firm has a 50-day moving average price of $39.71 and a 200-day moving average price of $40.99. James River Group Holdings, Ltd. has a 52 week low of $33.06 and a 52 week high of $46.20.

James River Group Holdings (NASDAQ:JRVR) last posted its earnings results on Tuesday, August 1st. The insurance provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.04. James River Group Holdings had a net margin of 11.45% and a return on equity of 10.81%. The firm had revenue of $202.40 million during the quarter, compared to analyst estimates of $169.83 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The business’s revenue for the quarter was up 50.5% on a year-over-year basis. Analysts forecast that James River Group Holdings, Ltd. will post $2.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 11th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, September 8th. James River Group Holdings’s dividend payout ratio is currently 45.28%.

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JRVR has been the subject of a number of research reports. Zacks Investment Research cut shares of James River Group Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. BidaskClub raised shares of James River Group Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. James River Group Holdings currently has a consensus rating of “Hold” and an average target price of $44.75.

In related news, Director Bryan Martin sold 4,250,000 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $39.41, for a total value of $167,492,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 41.00% of the company’s stock.

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.

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

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