Strs Ohio raised its stake in James River Group Holdings, Ltd. (NASDAQ:JRVR) by 9.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,100 shares of the insurance provider’s stock after buying an additional 1,600 shares during the period. Strs Ohio owned approximately 0.06% of James River Group Holdings worth $758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JRVR. Dimensional Fund Advisors LP boosted its position in 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 valued at $8,214,000 after buying an additional 107,153 shares during the last quarter. Teachers Advisors LLC boosted its position in James River Group Holdings by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 22,882 shares of the insurance provider’s stock valued at $951,000 after buying an additional 665 shares during the last quarter. Creative Planning boosted its position in James River Group Holdings by 3,123.3% in the first quarter. Creative Planning now owns 4,835 shares of the insurance provider’s stock valued at $207,000 after buying an additional 4,685 shares during the last quarter. Nationwide Fund Advisors boosted its position in James River Group Holdings by 4.0% in the first quarter. Nationwide Fund Advisors now owns 36,186 shares of the insurance provider’s stock valued at $1,551,000 after buying an additional 1,378 shares during the last quarter. Finally, DUPONT CAPITAL MANAGEMENT Corp boosted its position in James River Group Holdings by 202.4% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 43,865 shares of the insurance provider’s stock valued at $1,880,000 after buying an additional 29,358 shares during the last quarter. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Shares of James River Group Holdings, Ltd. (NASDAQ JRVR) opened at 40.26 on Monday. James River Group Holdings, Ltd. has a 12-month low of $33.96 and a 12-month high of $46.20. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 15.16 and a beta of 0.55. The firm has a 50-day moving average price of $39.87 and a 200 day moving average price of $40.92.

James River Group Holdings (NASDAQ:JRVR) last issued its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by $0.04. James River Group Holdings had a net margin of 11.45% and a return on equity of 10.80%. The business had revenue of $202.40 million for the quarter, compared to analysts’ expectations of $169.83 million. During the same quarter in the prior year, the firm posted $0.46 EPS. The business’s quarterly revenue was up 50.5% compared to the same quarter last year. On average, equities research analysts anticipate that James River Group Holdings, Ltd. will post $2.50 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, September 11th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.98%. James River Group Holdings’s dividend payout ratio is 45.28%.

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JRVR has been the subject of several research analyst reports. Zacks Investment Research upgraded James River Group Holdings from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Tuesday, May 9th. BidaskClub upgraded James River Group Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $42.00 target price on shares of James River Group Holdings in a report on Friday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $45.25.

In other news, Director Bryan Martin sold 4,250,000 shares of James River Group Holdings stock in a transaction on Monday, June 5th. The stock was sold at an average price of $39.41, for a total transaction of $167,492,500.00. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 41.00% of the company’s stock.

James River Group Holdings Company 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.

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

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