RK Capital Management LLC boosted its position in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 20.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 256,041 shares of the insurance provider’s stock after acquiring an additional 43,800 shares during the period. James River Group Holdings accounts for 2.0% of RK Capital Management LLC’s holdings, making the stock its 22nd biggest position. RK Capital Management LLC owned 0.87% of James River Group Holdings worth $10,173,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in James River Group Holdings during the second quarter valued at approximately $124,000. Legal & General Group Plc lifted its position in James River Group Holdings by 21.4% during the second quarter. Legal & General Group Plc now owns 4,248 shares of the insurance provider’s stock valued at $169,000 after acquiring an additional 748 shares during the last quarter. Bank of Montreal Can purchased a new stake in James River Group Holdings during the second quarter valued at approximately $203,000. Neuberger Berman Group LLC purchased a new stake in James River Group Holdings during the first quarter valued at approximately $243,000. Finally, Invictus RG purchased a new stake in James River Group Holdings during the first quarter valued at approximately $328,000. 92.72% of the stock is owned by institutional investors.

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In other news, CEO Steven J. Hartman sold 5,264 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $38.91, for a total transaction of $204,822.24. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven J. Hartman sold 19,736 shares of the business’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 of the company’s stock, valued at approximately $2,771,817.30. The disclosure for this sale can be found here. Insiders own 41.00% of the company’s stock.

JRVR has been the subject of a number of analyst reports. Zacks Investment Research cut shares of James River Group Holdings from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. BidaskClub raised shares of James River Group Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $42.00 target price on shares of James River Group Holdings in a research report on Friday, August 18th. Finally, ValuEngine cut shares of James River Group Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. James River Group Holdings currently has an average rating of “Hold” and a consensus target price of $45.25.

Shares of James River Group Holdings, Ltd. (NASDAQ JRVR) traded up 0.20% on Friday, reaching $40.36. 544,191 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.19 billion, a P/E ratio of 15.20 and a beta of 0.56. The firm has a 50 day moving average of $39.83 and a 200 day moving average of $40.61. James River Group Holdings, Ltd. has a one year low of $33.96 and a one year high of $46.20.

James River Group Holdings (NASDAQ:JRVR) last posted its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.49 EPS for the quarter, missing the 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 firm had revenue of $202.40 million for the quarter, compared to analyst estimates of $169.83 million. During the same quarter last year, the firm earned $0.46 EPS. The company’s revenue was up 50.5% on a year-over-year basis. On average, equities research analysts predict that James River Group Holdings, Ltd. will post $2.50 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 11th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Friday, September 8th. James River Group Holdings’s dividend payout ratio (DPR) is presently 45.28%.

James River Group Holdings 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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