James River Group Holdings, Ltd. (NASDAQ:JRVR) CEO Steven J. Hartman sold 19,736 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $39.42, for a total transaction of $777,993.12. Following the sale, the chief executive officer now owns 70,315 shares in the company, valued at $2,771,817.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) opened at 39.09 on Wednesday. James River Group Holdings, Ltd. has a one year low of $33.96 and a one year high of $46.20. The firm’s 50-day moving average is $39.86 and its 200 day moving average is $40.90. The firm has a market capitalization of $1.15 billion, a P/E ratio of 14.72 and a beta of 0.55.

James River Group Holdings (NASDAQ:JRVR) last posted its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.04. James River Group Holdings had a return on equity of 10.80% and a net margin of 11.45%. The business had revenue of $202.40 million during the quarter, compared to analysts’ expectations of $169.83 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 50.5% compared to the same quarter last year. Equities research analysts predict that James River Group Holdings, Ltd. will post $2.50 earnings per share for the current 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 paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Friday, September 8th. James River Group Holdings’s dividend payout ratio is currently 45.28%.

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Several analysts have commented on the stock. Zacks Investment Research upgraded shares of James River Group Holdings from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Tuesday, May 9th. BidaskClub downgraded shares of James River Group Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $42.00 target price on shares of James River Group Holdings in a report on Friday, August 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $45.25.

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in James River Group Holdings by 56.4% in the first quarter. JPMorgan Chase & Co. now owns 39,179 shares of the insurance provider’s stock valued at $1,679,000 after buying an additional 14,124 shares in the last quarter. Trexquant Investment LP boosted its stake in James River Group Holdings by 181.0% in the first quarter. Trexquant Investment LP now owns 21,457 shares of the insurance provider’s stock worth $920,000 after buying an additional 13,822 shares during the period. Redwood Investments LLC boosted its stake in James River Group Holdings by 0.5% in the first quarter. Redwood Investments LLC now owns 228,492 shares of the insurance provider’s stock worth $9,793,000 after buying an additional 1,102 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in James River Group Holdings during the first quarter worth approximately $517,000. Finally, Envestnet Asset Management Inc. boosted its stake in James River Group Holdings by 1.1% in the first quarter. Envestnet Asset Management Inc. now owns 21,543 shares of the insurance provider’s stock worth $923,000 after buying an additional 242 shares during the period. Hedge funds and other institutional investors own 92.72% 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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