James River Group Holdings, Ltd. (NASDAQ:JRVR) Chairman J Adam Abram sold 400,000 shares of James River Group Holdings stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $38.10, for a total value of $15,240,000.00. Following the completion of the sale, the chairman now directly owns 368,247 shares in the company, valued at $14,030,210.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of James River Group Holdings, Ltd. (JRVR) opened at $37.75 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market capitalization of $1,132.35, a P/E ratio of 17.38 and a beta of 0.56. James River Group Holdings, Ltd. has a 12 month low of $37.28 and a 12 month high of $46.20.

James River Group Holdings (NASDAQ:JRVR) last announced its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. James River Group Holdings had a return on equity of 9.36% and a net margin of 8.98%. The firm had revenue of $220.87 million for the quarter, compared to the consensus estimate of $198.67 million. During the same quarter last year, the business posted $0.72 earnings per share. The firm’s revenue was up 45.9% compared to the same quarter last year. research analysts predict that James River Group Holdings, Ltd. will post 2.18 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 15th will be given a dividend of $0.80 per share. This is an increase from James River Group Holdings’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, December 14th. This represents a $3.20 dividend on an annualized basis and a yield of 8.48%. James River Group Holdings’s dividend payout ratio (DPR) is presently 52.63%.

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A number of institutional investors have recently made changes to their positions in JRVR. SG Americas Securities LLC purchased a new position in James River Group Holdings during the second quarter worth approximately $124,000. Advisor Group Inc. lifted its position in James River Group Holdings by 11.0% during the second quarter. Advisor Group Inc. now owns 3,937 shares of the insurance provider’s stock worth $156,000 after buying an additional 391 shares in the last quarter. 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 worth $169,000 after buying an additional 748 shares in the last quarter. Bank of Montreal Can purchased a new position in James River Group Holdings during the second quarter worth approximately $203,000. Finally, QS Investors LLC purchased a new position in James River Group Holdings during the second quarter worth approximately $236,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

JRVR has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $42.00 price target on shares of James River Group Holdings in a research note on Friday, August 18th. BidaskClub lowered James River Group Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered James River Group Holdings from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. ValuEngine lowered James River Group Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, B. Riley reaffirmed a “buy” rating on shares of James River Group Holdings in a research note on Monday, November 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. James River Group Holdings presently has a consensus rating of “Hold” and an average price target of $47.00.

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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