AQR Capital Management LLC Trims Stake in James River Group Holdings, Ltd. (NASDAQ:JRVR)

AQR Capital Management LLC trimmed its holdings in James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) by 8.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,527,077 shares of the insurance provider's stock after selling 136,267 shares during the quarter. AQR Capital Management LLC owned about 4.04% of James River Group worth $7,437,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Gallatin Point Capital LLC acquired a new position in shares of James River Group in the 4th quarter valued at $28,535,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of James River Group by 2.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,739,840 shares of the insurance provider's stock valued at $18,214,000 after acquiring an additional 83,839 shares during the period. RBF Capital LLC boosted its holdings in shares of James River Group by 3.7% in the fourth quarter. RBF Capital LLC now owns 1,113,149 shares of the insurance provider's stock valued at $5,421,000 after acquiring an additional 39,321 shares during the period. Geode Capital Management LLC boosted its holdings in shares of James River Group by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 860,139 shares of the insurance provider's stock valued at $4,190,000 after acquiring an additional 59,763 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of James River Group by 101.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 850,526 shares of the insurance provider's stock valued at $4,144,000 after acquiring an additional 428,636 shares during the period. Hedge funds and other institutional investors own 95.21% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup reissued a "hold" rating on shares of James River Group in a report on Tuesday, March 11th. Keefe, Bruyette & Woods cut their price target on James River Group from $6.00 to $5.00 and set a "market perform" rating for the company in a research note on Thursday, March 13th. Truist Financial dropped their target price on James River Group from $6.00 to $5.00 and set a "hold" rating on the stock in a research report on Tuesday, March 11th. StockNews.com upgraded James River Group from a "sell" rating to a "hold" rating in a research report on Wednesday, May 7th. Finally, Compass Point cut their price objective on James River Group from $7.75 to $6.25 and set a "buy" rating for the company in a research report on Monday, March 10th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $6.06.

James River Group Price Performance

NASDAQ:JRVR traded down $0.06 during trading hours on Tuesday, hitting $4.82. The company's stock had a trading volume of 33,983 shares, compared to its average volume of 330,185. The business's 50-day moving average is $4.27 and its two-hundred day moving average is $4.68. The company has a market capitalization of $221.20 million, a PE ratio of -1.19 and a beta of 0.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.65 and a current ratio of 0.65. James River Group Holdings, Ltd. has a 52-week low of $3.00 and a 52-week high of $8.99.

James River Group (NASDAQ:JRVR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The insurance provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). The business had revenue of $172.29 million during the quarter, compared to analysts' expectations of $184.15 million. James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. As a group, research analysts anticipate that James River Group Holdings, Ltd. will post -0.35 EPS for the current fiscal year.

James River Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Monday, June 9th. James River Group's dividend payout ratio (DPR) is presently -1.29%.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.