Principal Financial Group Inc. lifted its holdings in shares of James River Group Holdings, Ltd. (NASDAQ:JRVR) by 51.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,217 shares of the insurance provider’s stock after buying an additional 4,493 shares during the quarter. Principal Financial Group Inc.’s holdings in James River Group Holdings were worth $525,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. First Trust Advisors LP lifted its stake in James River Group Holdings by 5.5% in the 1st quarter. First Trust Advisors LP now owns 39,275 shares of the insurance provider’s stock worth $1,683,000 after purchasing an additional 2,055 shares in the last quarter. Sei Investments Co. lifted its stake in James River Group Holdings by 20.8% in the 1st quarter. Sei Investments Co. now owns 17,621 shares of the insurance provider’s stock worth $756,000 after purchasing an additional 3,039 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in James River Group Holdings by 9.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 11,384 shares of the insurance provider’s stock worth $488,000 after purchasing an additional 942 shares in the last quarter. JPMorgan Chase & Co. lifted 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 worth $1,679,000 after purchasing an additional 14,124 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in James River Group Holdings by 42.5% in the 1st quarter. Stifel Financial Corp now owns 34,861 shares of the insurance provider’s stock worth $1,492,000 after purchasing an additional 10,397 shares in the last quarter. Institutional investors own 92.72% of the company’s stock.

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James River Group Holdings (NASDAQ:JRVR) last released its 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 company had revenue of $202.40 million during the quarter, compared to analysts’ expectations of $169.83 million. During the same period last year, the firm posted $0.46 EPS. James River Group Holdings’s quarterly revenue was up 50.5% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 11th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Friday, September 8th. James River Group Holdings’s dividend payout ratio (DPR) is presently 45.28%.

In other news, CEO Steven J. Hartman sold 5,264 shares of the business’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 owns 55,843 shares of the company’s stock, valued at $2,172,851.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Steven J. Hartman sold 19,736 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 70,315 shares in the company, valued at approximately $2,771,817.30. The disclosure for this sale can be found here. 41.00% of the stock is currently owned by insiders.

Several analysts have issued reports on JRVR shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $42.00 target price on shares of James River Group Holdings in a research note on Thursday, September 21st. Zacks Investment Research upgraded shares of James River Group Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine cut shares of James River Group Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub cut shares of James River Group Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $47.00.

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.

Institutional Ownership by Quarter for James River Group Holdings (NASDAQ:JRVR)

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