Opus Capital Group LLC lessened its stake in James River Group Holdings Ltd (NASDAQ:JRVR) by 10.4% in the 4th quarter, HoldingsChannel reports. The fund owned 66,768 shares of the insurance provider’s stock after selling 7,739 shares during the quarter. Opus Capital Group LLC’s holdings in James River Group were worth $2,671,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Advisor Group Inc. increased its holdings in James River Group by 11.0% in the 2nd quarter. Advisor Group Inc. now owns 3,937 shares of the insurance provider’s stock worth $156,000 after acquiring an additional 391 shares in the last quarter. Legal & General Group Plc increased its holdings in James River Group by 21.4% in the 2nd quarter. Legal & General Group Plc now owns 4,248 shares of the insurance provider’s stock worth $169,000 after acquiring an additional 748 shares in the last quarter. Nationwide Fund Advisors increased its holdings in James River Group by 3.6% in the 3rd quarter. Nationwide Fund Advisors now owns 34,539 shares of the insurance provider’s stock worth $1,433,000 after acquiring an additional 1,211 shares in the last quarter. Pembroke Management LTD increased its holdings in James River Group by 2.8% in the 4th quarter. Pembroke Management LTD now owns 51,600 shares of the insurance provider’s stock worth $2,064,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in James River Group by 3.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 40,991 shares of the insurance provider’s stock worth $1,700,000 after acquiring an additional 1,511 shares in the last quarter. 95.69% of the stock is owned by institutional investors.

Shares of James River Group Holdings Ltd (JRVR) opened at $36.80 on Tuesday. James River Group Holdings Ltd has a one year low of $35.38 and a one year high of $46.20. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1,120.21, a price-to-earnings ratio of 17.19 and a beta of 0.36.

Several equities research analysts have issued reports on JRVR shares. Zacks Investment Research cut shares of James River Group from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. BidaskClub raised shares of James River Group from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. B. Riley reaffirmed a “buy” rating and set a $47.00 target price on shares of James River Group in a research note on Tuesday, November 14th. Finally, JMP Securities started coverage on shares of James River Group in a research note on Tuesday, October 17th. They set an “outperform” rating and a $47.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $45.00.

In other news, Director David Zwillinger sold 2,600,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $38.10, for a total transaction of $99,060,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman J Adam Abram sold 400,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $38.10, for a total transaction of $15,240,000.00. Following the transaction, the chairman now directly owns 368,247 shares in the company, valued at approximately $14,030,210.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,450,000 shares of company stock worth $131,445,000. 41.00% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: This report was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://www.thecerbatgem.com/2018/02/06/james-river-group-holdings-ltd-jrvr-position-reduced-by-opus-capital-group-llc.html.

James River Group 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 (NASDAQ:JRVR)

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