Cantor Fitzgerald L. P. Purchases New Holdings in James River Group Holdings, Ltd. (NASDAQ:JRVR)

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

Several other institutional investors also recently modified their holdings of the company. Jane Street Group LLC boosted its stake in James River Group by 39.5% during the third quarter. Jane Street Group LLC now owns 90,838 shares of the insurance provider's stock worth $570,000 after buying an additional 25,738 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of James River Group by 41.6% during the 4th quarter. SG Americas Securities LLC now owns 15,616 shares of the insurance provider's stock valued at $76,000 after acquiring an additional 4,586 shares in the last quarter. Barclays PLC increased its stake in James River Group by 288.2% in the third quarter. Barclays PLC now owns 43,940 shares of the insurance provider's stock valued at $275,000 after acquiring an additional 32,621 shares during the period. Renaissance Technologies LLC raised its position in James River Group by 8.1% in the fourth quarter. Renaissance Technologies LLC now owns 241,170 shares of the insurance provider's stock worth $1,174,000 after purchasing an additional 18,170 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in James River Group by 4.9% during the fourth quarter. Empowered Funds LLC now owns 118,194 shares of the insurance provider's stock worth $576,000 after purchasing an additional 5,553 shares during the period. Institutional investors and hedge funds own 95.21% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Compass Point dropped their target price on James River Group from $7.75 to $6.25 and set a "buy" rating for the company in a report on Monday, March 10th. Citigroup reissued a "hold" rating on shares of James River Group in a report on Tuesday, March 11th. StockNews.com lowered shares of James River Group from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Keefe, Bruyette & Woods cut their price target on shares of 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. Finally, Truist Financial reduced their price target on shares of 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $6.06.

James River Group Stock Performance

Shares of NASDAQ:JRVR opened at $4.79 on Monday. The business has a fifty day moving average of $4.23 and a 200-day moving average of $4.77. 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 twelve month low of $3.00 and a twelve month high of $9.13. The firm has a market cap of $218.63 million, a PE ratio of -1.18 and a beta of 0.02.

James River Group (NASDAQ:JRVR - Get Free Report) last announced its earnings results on Monday, March 3rd. The insurance provider reported ($0.99) earnings per share for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.66). 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 $126.71 million during the quarter, compared to the consensus estimate of $159.91 million. During the same period in the prior year, the firm posted $0.33 earnings per share. On average, equities research analysts predict that James River Group Holdings, Ltd. will post -0.35 EPS for the current fiscal year.

James River Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a $0.01 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.04 dividend on an annualized basis and a yield of 0.84%. James River Group's payout ratio is -1.38%.

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.

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