James River Group Holdings, Ltd. (NASDAQ:JRVR) CEO Steven J. Hartman sold 5,264 shares of James River Group Holdings stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $38.91, for a total value of $204,822.24. Following the transaction, the chief executive officer now owns 55,843 shares in the company, valued at approximately $2,172,851.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

James River Group Holdings, Ltd. (JRVR) opened at 40.12 on Friday. The company’s 50-day moving average price is $39.83 and its 200-day moving average price is $40.86. James River Group Holdings, Ltd. has a 12 month low of $33.96 and a 12 month high of $46.20. The stock has a market cap of $1.18 billion, a P/E ratio of 15.11 and a beta of 0.56.

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 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 company had revenue of $202.40 million during the quarter, compared to analysts’ expectations of $169.83 million. During the same period in the previous year, the company posted $0.46 EPS. James River Group Holdings’s quarterly revenue was up 50.5% compared to the same quarter last year. Equities analysts forecast that James River Group Holdings, Ltd. will post $2.50 earnings per share for the current year.

The business 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 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Friday, September 8th. James River Group Holdings’s payout ratio is currently 45.28%.

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A number of large investors have recently bought and sold shares of the stock. Teachers Advisors LLC raised its stake 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 worth $951,000 after buying an additional 665 shares during the last quarter. Creative Planning raised its stake 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 worth $207,000 after buying an additional 4,685 shares during the last quarter. Nationwide Fund Advisors raised its stake 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 worth $1,551,000 after buying an additional 1,378 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp raised its stake 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 worth $1,880,000 after buying an additional 29,358 shares during the last quarter. Finally, LSV Asset Management bought a new stake in James River Group Holdings during the first quarter worth about $947,000. 92.72% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on JRVR shares. Zacks Investment Research downgraded James River Group Holdings from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. BidaskClub upgraded James River Group Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $42.00 price objective on shares of James River Group Holdings in a research report on Friday, August 18th. Finally, ValuEngine downgraded James River Group Holdings from a “buy” rating to a “hold” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.25.

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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