Schwab Charles Investment Management Inc. grew its stake in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 77.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,075 shares of the insurance provider’s stock after buying an additional 75,074 shares during the period. Schwab Charles Investment Management Inc. owned 0.59% of James River Group Holdings worth $6,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new stake in shares of James River Group Holdings during the second quarter valued at approximately $203,000. Neuberger Berman Group LLC bought a new stake in shares of James River Group Holdings during the first quarter valued at approximately $243,000. Invictus RG bought a new stake in shares of James River Group Holdings during the first quarter valued at approximately $328,000. American International Group Inc. raised its position in shares of James River Group Holdings by 7.1% during the first quarter. American International Group Inc. now owns 8,791 shares of the insurance provider’s stock valued at $377,000 after buying an additional 585 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of James River Group Holdings by 9.0% during the first quarter. Parametric Portfolio Associates LLC now owns 11,384 shares of the insurance provider’s stock valued at $488,000 after buying an additional 942 shares during the last quarter. Hedge funds and other institutional investors own 92.72% of the company’s stock.

In related news, CEO Steven J. Hartman sold 5,264 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $38.91, for a total transaction of $204,822.24. Following the completion of the transaction, the chief executive officer now directly 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 hyperlink. Also, CEO Steven J. Hartman sold 19,736 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $39.42, for a total value of $777,993.12. Following the transaction, the chief executive officer now owns 70,315 shares of the company’s stock, valued at $2,771,817.30. The disclosure for this sale can be found here. 41.00% of the stock is owned by company insiders.

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Shares of James River Group Holdings, Ltd. (JRVR) opened at 41.08 on Monday. The stock’s 50 day moving average is $40.18 and its 200 day moving average is $40.50. James River Group Holdings, Ltd. has a 52-week low of $35.44 and a 52-week high of $46.20. The company has a market cap of $1.21 billion, a PE ratio of 15.47 and a beta of 0.57.

James River Group Holdings (NASDAQ:JRVR) last posted its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $202.40 million during the quarter, compared to analyst estimates of $169.83 million. During the same period in the prior year, the company posted $0.46 earnings per share. The firm’s revenue for the quarter was up 50.5% compared to the same quarter last year. Equities analysts forecast that James River Group Holdings, Ltd. will post $2.47 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, September 11th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, September 8th. James River Group Holdings’s dividend payout ratio (DPR) is presently 45.28%.

JRVR has been the topic of several recent analyst reports. Zacks Investment Research cut shares of James River Group Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. BidaskClub upgraded 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 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 cut shares of James River Group Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two 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’s stock. James River Group Holdings currently has a consensus rating of “Hold” and a consensus target price of $47.00.

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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