Enstar Group LTD Buys New Stake in James River Group Holdings, Ltd. $JRVR

Enstar Group LTD bought a new stake in James River Group Holdings, Ltd. (NASDAQ:JRVR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,590,765 shares of the insurance provider’s stock, valued at approximately $16,477,000. James River Group comprises approximately 6.4% of Enstar Group LTD’s holdings, making the stock its 6th biggest holding. Enstar Group LTD owned approximately 5.64% of James River Group at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of JRVR. Clearstead Advisors LLC boosted its stake in James River Group by 173.9% in the fourth quarter. Clearstead Advisors LLC now owns 7,732 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 4,909 shares in the last quarter. PharVision Advisers LLC acquired a new position in James River Group in the third quarter valued at $59,000. R Squared Ltd acquired a new position in James River Group in the third quarter valued at $60,000. Cerity Partners LLC acquired a new position in James River Group in the second quarter valued at $61,000. Finally, M&T Bank Corp acquired a new position in James River Group in the fourth quarter valued at $65,000. Institutional investors and hedge funds own 95.21% of the company’s stock.

James River Group Price Performance

Shares of JRVR opened at $4.19 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market capitalization of $193.73 million, a price-to-earnings ratio of 12.32 and a beta of -0.16. James River Group Holdings, Ltd. has a fifty-two week low of $3.76 and a fifty-two week high of $7.20. The firm has a 50-day simple moving average of $5.02 and a 200-day simple moving average of $5.96.

James River Group (NASDAQ:JRVR) last announced its quarterly earnings data on Monday, May 4th. The insurance provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.15). The firm had revenue of $151.38 million during the quarter, compared to analyst estimates of $155.07 million. James River Group had a net margin of 4.34% and a return on equity of 10.79%. On average, equities research analysts anticipate that James River Group Holdings, Ltd. will post 0.8 earnings per share for the current year.

James River Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 8th will be given a $0.01 dividend. The ex-dividend date is Monday, June 8th. This represents a $0.04 dividend on an annualized basis and a yield of 1.0%. James River Group’s dividend payout ratio (DPR) is presently 11.76%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. UBS Group downgraded shares of James River Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $8.00 to $4.75 in a research note on Tuesday, May 19th. Citizens Jmp restated a “market perform” rating on shares of James River Group in a research note on Tuesday, May 5th. Citigroup downgraded shares of James River Group from a “hold” rating to a “market perform” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded shares of James River Group from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Zacks Research downgraded shares of James River Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, James River Group presently has a consensus rating of “Reduce” and a consensus target price of $6.44.

James River Group Profile

James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.