Capital Fund Management S.A. acquired a new stake in James River Group Holdings, Ltd. (NASDAQ:JRVR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 21,200 shares of the insurance provider’s stock, valued at approximately $842,000. Capital Fund Management S.A. owned 0.07% of James River Group Holdings as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in James River Group Holdings by 56.4% in the 1st 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 during the period. Teachers Advisors LLC increased its stake in James River Group Holdings by 27.2% in the 1st quarter. Teachers Advisors LLC now owns 29,110 shares of the insurance provider’s stock valued at $1,248,000 after buying an additional 6,228 shares during the period. Redwood Investments LLC increased its stake in James River Group Holdings by 0.5% in the 1st quarter. Redwood Investments LLC now owns 228,492 shares of the insurance provider’s stock valued at $9,793,000 after buying an additional 1,102 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in James River Group Holdings in the 1st quarter valued at $517,000. Finally, Envestnet Asset Management Inc. increased its stake in James River Group Holdings by 1.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 21,543 shares of the insurance provider’s stock valued at $923,000 after buying an additional 242 shares during the period. 92.72% of the stock is currently owned by institutional investors.

James River Group Holdings, Ltd. (NASDAQ:JRVR) opened at 40.36 on Friday. The firm has a market capitalization of $1.19 billion, a PE ratio of 15.20 and a beta of 0.56. James River Group Holdings, Ltd. has a 1-year low of $33.96 and a 1-year high of $46.20. The stock’s 50 day moving average is $39.83 and its 200-day moving average is $40.61.

James River Group Holdings (NASDAQ:JRVR) last issued its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The business had revenue of $202.40 million for the quarter, compared to analyst estimates of $169.83 million. James River Group Holdings had a net margin of 11.45% and a return on equity of 10.80%. James River Group Holdings’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same period last year, the business posted $0.46 earnings per share. Equities research analysts forecast that James River Group Holdings, Ltd. will post $2.50 EPS 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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Friday, September 8th. James River Group Holdings’s dividend payout ratio (DPR) is 45.28%.

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A number of research firms have recently weighed in on JRVR. Zacks Investment Research cut shares of James River Group Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. BidaskClub cut shares of James River Group Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $42.00 price target on shares of James River Group Holdings in a research note on Friday, August 18th. Finally, ValuEngine cut shares of James River Group Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. James River Group Holdings presently has an average rating of “Hold” and an average price target of $45.25.

In other news, CEO Steven J. Hartman sold 19,736 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 70,315 shares of the company’s stock, valued at $2,771,817.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven J. Hartman sold 5,264 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $38.91, for a total value of $204,822.24. Following the transaction, the chief executive officer now directly owns 55,843 shares in the company, valued at $2,172,851.13. The disclosure for this sale can be found here. 41.00% of the stock is currently owned by company insiders.

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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