Cantor Fitzgerald L. P. Acquires Shares of 88,000 James River Group Holdings, Ltd. (NASDAQ:JRVR)

Cantor Fitzgerald L. P. bought a new position in James River Group Holdings, Ltd. (NASDAQ:JRVR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 88,000 shares of the insurance provider's stock, valued at approximately $429,000. Cantor Fitzgerald L. P. owned approximately 0.23% of James River Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in JRVR. Jane Street Group LLC boosted its holdings in James River Group by 39.5% in the third quarter. Jane Street Group LLC now owns 90,838 shares of the insurance provider's stock worth $570,000 after purchasing an additional 25,738 shares during the period. Barclays PLC boosted its holdings in shares of James River Group by 288.2% in the 3rd quarter. Barclays PLC now owns 43,940 shares of the insurance provider's stock valued at $275,000 after buying an additional 32,621 shares during the period. JPMorgan Chase & Co. grew its position in shares of James River Group by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 195,791 shares of the insurance provider's stock valued at $1,228,000 after buying an additional 3,433 shares during the last quarter. Perpetual Ltd raised its stake in James River Group by 7.2% during the fourth quarter. Perpetual Ltd now owns 150,135 shares of the insurance provider's stock worth $731,000 after acquiring an additional 10,135 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in James River Group by 41.6% in the fourth quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider's stock worth $76,000 after acquiring an additional 4,586 shares during the last quarter. 95.21% of the stock is owned by institutional investors and hedge funds.

James River Group Stock Performance

Shares of NASDAQ:JRVR traded down $0.09 on Friday, hitting $4.66. The company's stock had a trading volume of 197,789 shares, compared to its average volume of 331,721. James River Group Holdings, Ltd. has a 12 month low of $3.00 and a 12 month high of $8.99. The stock's 50-day moving average is $4.25 and its two-hundred day moving average is $4.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $212.70 million, a price-to-earnings ratio of -1.15 and a beta of 0.02.

James River Group (NASDAQ:JRVR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The insurance provider reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). James River Group had a positive return on equity of 3.90% and a negative net margin of 20.84%. The company had revenue of $172.29 million during the quarter, compared to analyst estimates of $184.15 million. On average, equities research analysts forecast that James River Group Holdings, Ltd. will post -0.35 EPS for the current year.

James River Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.04 annualized dividend and a yield of 0.86%. James River Group's dividend payout ratio is currently -1.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on JRVR shares. Keefe, Bruyette & Woods lowered their target price on James River Group from $6.00 to $5.00 and set a "market perform" rating for the company in a report on Thursday, March 13th. Truist Financial lowered their price objective on James River Group from $6.00 to $5.00 and set a "hold" rating for the company in a research note on Tuesday, March 11th. Compass Point cut their target price on James River Group from $7.75 to $6.25 and set a "buy" rating on the stock in a research note on Monday, March 10th. JMP Securities restated a "market outperform" rating and set a $8.00 price target on shares of James River Group in a research report on Tuesday. Finally, Citigroup reiterated a "hold" rating on shares of James River Group in a research report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, James River Group currently has an average rating of "Hold" and an average price target of $6.06.

James River Group Profile

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.